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(12/26/15)
The S&P 500 rallied back above the 2059 level this week and
now is just positive for the year. If it can hold above the 2059 level
next week then that will make 12 out of the last 13 years with a positive or
breakeven return. The only year with a negative return since 2003 was in
2008.
Meanwhile looking at an intra day chart shows the S&P 500
rallied back to its first area of upside resistance near the 2067 level (green
line). If the S&P rises above the 2067 level the next area of
resistance appears to be near 2090 (blue line).
Amateur Investors
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