With only four trading days left in 2016 the excitement is about to begin.
As I noted in the last newsletter there is not going to be a full LEAPS newsletter this weekend but I am taking time to send a short note. Nothing has changed in my outlook for January. I expect an early month correction that should start almost immediately.
For the current week, there is a tendency for the market to be bullish the first two days and negative the last two days. With Credit Suisse warning there is $38 to $58 billion in pension fund rebalancing due at the end of the week, that should weigh on the markets.
Take the week off from trading and start making a list and checking it twice of companies you would like to buy if the market dropped 5%. You may get that opportunity.
Happy New Years!
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ONLY 4 TRADING DAYS LEFT IN 2016
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