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S&P 500 Needs to Show its True Colors

S&P 500 Needs to Show its True Colors

2014-01-02 18:00:00
David Rodriguez, Head of Product
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ssi_SPX500_body_Picture_17.png, S&P 500 Needs to Show its True Colors

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SPX500Retail CFD speculators remain heavily short the SPX500 contract, and a contrarian view of crowd sentiment leaves us in favor of further gains.

Trade Implications SPX500 – December is most often a great month for stocks, while January tends to set the pace for the rest of the year. It will be important to watch how the S&P finishes the first month of the trading year, but as it stands sentiment leaves us in favor of further strength.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

ssi_SPX500_body_Picture_18.png, S&P 500 Needs to Show its True Colors

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