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Stock Market Hits All Time Highs Again !

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S&P 500 Futures--- The S&P 500 in the December contract is hitting all time highs again trading higher for the 2nd consecutive session up another 16 points at 2598 as the whole equity sector is at all-time highs in today's trade as I still remain very bullish and if you been reading any of my previous blogs continue to place a stop loss under the 10 day low on a closing basis only at 2562 as I still see higher prices ahead.

The S&P 500 is trading far above its 20 and 100 day moving average telling you that the trend is higher as this is a holiday shortened trading week as seasonally speaking stocks generally move higher as we are also starting to enter the Christmas holiday season which also creates a bullish month of December so continue to stay long as I've written about before I think 2700 come year-end is a real possibility as there is no reason to be short this market.

Excellent corporate earnings continue to push prices higher coupled with the fact that the House of Representatives has now passed tax cuts as we will see if the Senate will confirm & if that happens I think that will just add more fuel to the fire as this is an extremely strong trend to the upside as investor demand continues to push up prices and I don't think that's going to stop anytime soon so stay long & place the proper stop loss.




If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit

Skype Address: mseery TWITTER---@seeryfutures



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About the author

Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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