Another week and another steep decline in oil prices last week finally began to weigh on stocks. With just two weeks of meaningful trading left in 2014, from a tactical perspective (multi-week/month time horizon) it is now important to contextualize the drop in oil prices and map out potential outcomes for stocks in early 2015.
Into year-end, as discussed last week, it is still quite likely that we see a Santa Claus rally somewhere between Christmas and New Year, but as we enter 2015 things could quickly become trickier and possibly heavier on the equities front.
For more active traders and investors, the question of course is from what levels on the broader market indices we get this potential Santa Claus rally.
Read my entire analysis here: https://www.tradingfloor.com/posts/us-stocks-its-all-about-oil-prices-2852467