We often hear “Stocks take an escalator¬†up and an elevator down!” No doubt stocks did experience a swift decline from the September highs to the Christmas eve lows. Looks like the “elevator” part of the phrase came true as 2018 was coming to an end.

The first part of the “stocks take an escalator up” seems to still be in play as well despite the swift decline of late.

Joe Friday Just The Facts Ma’am- All of these indices hit long-term rising support on Christmas Eve¬†at each (1), where support held and rallies have followed.

If you find long-term perspectives helpful and would like some assistance in determining long-term trends, our Global Trend report could be for you. Check out this report HERE.

 

 

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past