{"id":15539,"date":"2012-12-02T21:43:43","date_gmt":"2012-12-03T05:43:43","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=15539"},"modified":"2023-03-16T23:24:06","modified_gmt":"2023-03-17T06:24:06","slug":"black-friday-trade-gets-more-bullish","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2012\/12\/02\/black-friday-trade-gets-more-bullish\/","title":{"rendered":"Black Friday Trade Gets More Bullish Even As Fiscal Cliff Looms"},"content":{"rendered":"

(This is an excerpt from an article I originally published on Seeking Alpha on December 2, 2012. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

The rally from oversold conditions<\/a> in the S&P 500 (SPY) from the November lows has now nearly recovered post-election losses. On the way up, we got to see whether Black Friday would trigger another bullish signal. After a close call<\/a>, the S&P 500 managed to cling to its Black Friday gains over the subsequent six calendar days. This milestone triggers a very bullish outlook: since 1950 only 4 out of 13 years accomplished a similar milestone only to lose all of Black Friday’s gains in the next two weeks (for more details, see “Quantifying The Significance Of Black Friday Trading<\/a>“).<\/p>\n

{snip}<\/p>\n

<\/p>\n
\"The<\/a>
The S&P 500 may be posied for lift-off<\/figcaption><\/figure>\n

<\/center><\/p>\n

The obvious wildcard in this bullish outlook is the wrangling over the Fiscal Cliff. {snip} It seems to me a lot more of the potential of the U.S. economy will get unleashed on the other side of a positive resolution to the Fiscal Cliff. I saw this possibility in a recent interview with Honeywell (HON) CEO Dave Cote on Nightly Business Report<\/a>.<\/p>\n

In this interview, Cote said he fully expects a tax hike as part of a resolution on the Fiscal Cliff. However, these increases combined with entitlement reform should generate a much healthier economy in the balance:<\/p>\n

{snip}<\/p>\n

In the meantime, I sold the last of my positions in ProShares Ultra S&P 500 (SSO) and ProShares QQQ Trust (QQQ) just to lock in profits. I fully anticipate headline risks are going to create fresh buying opportunities in the coming days and weeks.<\/p>\n

Be careful out there!<\/p>\n

(This is an excerpt from an article I originally published on Seeking Alpha on December 2, 2012. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

Full disclosure: no positions<\/p>\n","protected":false},"excerpt":{"rendered":"

(This is an excerpt from an article I originally published on Seeking Alpha on December 2, 2012. Click here to read the entire piece.) The rally from oversold conditions in the S&P 500 (SPY) from the November lows has now nearly recovered post-election losses. On the way up, we got to see whether Black Friday … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1079,266,997],"tags":[1074,998,1031,1077,1078],"class_list":["post-15539","post","type-post","status-publish","format-standard","hentry","category-defense","category-government","category-sp-500-analysis","tag-black-friday","tag-correlations","tag-fiscal-policy","tag-hon","tag-honeywell"],"yoast_head":"\nBlack Friday Trade Gets More Bullish Even As Fiscal Cliff Looms - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2012\/12\/02\/black-friday-trade-gets-more-bullish\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Black Friday Trade Gets More Bullish Even As Fiscal Cliff Looms - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"(This is an excerpt from an article I originally published on Seeking Alpha on December 2, 2012. 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