Will Santa Bring Cheer or Coal?

(12/20/22) Markets broke well-through the 50-DMA Monday as the selloff continued, moderated by a little buying action at the end of the day. The next level of support is around 3700; isn't this supposed to be the two weeks that Santa Claus makes his appearance on Broad at Wall with an end of the year rally? So far, St. Nick is St. Absent. With MACD- and money flow indicator Sell-signals still in place, that suggests lower prices yet to come. The good news is trading will be light heading up to Christmas. Catch us in the New Year for a new look and a new-style report: "Before the Bell," debuts Tuesday, January 3, 2023!
Merry Christmas & Happy New Year!
Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton
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