Year End Commentary

Year End Commentary - December 27th
The last week of the year usually has a bias to the upside, but with the market up so much since the election, I would be surprise if it rallied much further in these last days of December.  On the other hand, I don't think there will be much selling in this last  week because most investors want to move their gains into 2017 and have the possibility of a lower tax rate.  The Summation index doesn't seem to have much momentum to break through the 1000 level.  If it turns down from there, the market could have a tough January.   One stock I want to highlight is Nvidia.  It is on the list of top stocks on this site.  Nvidia looks like it is making a climatic move.  The stock is up almost 30% in the 10 days. You add that on to what the stock has done over the last year and you what fits the description of a climatic price move. Sometimes there is a rush at the end of a rally to the strongest couple of stocks in the market.  That seems to occurring in Nvidia.  Keep a close eye on its price action.  If it tops, it could give an indication of where the market is going in the near future.