Thanks!

We wish you a great Thanksgiving Day tomorrow with your family and friends. We thank you for your interest in our research service. We are thankful that 2023 has turned out to be a better year than 2022, as we predicted. The S&P 500 is up 18.7% ytd following last year's decline of 19.4%. We will be thankful if 2024 is another good year for the market, as we expect.

Today, the S&P 500 resumed its recent rally that started on October 27. It closed at 4556.62, which is smack dab on the downward resistance line connecting the January 3, 2022 record high and the July 31 high for 2023 so far (chart).