The S&P 500 Futures is trading at 3,302.38  up with +0.26% percent or +8.63 point. Other U.S. stock futures higher in pre-market trading for  Jan 16.The Dow Futures is trading at 29,090.00 up with+0.21% percent or +61.00 point.The Nasdaq Futures is trading at 9,091.25 up with +0.34% percent or +31.25 point.


Ciovacco made the case in May and October that equities have at least two more years of gains ahead. While 2019 wasn’t completely smooth for investors, the S&P 500 ended up rewarding faithful bulls with the best annual gain since 2013.

He said the bigger picture for stocks is now coming together. “A sound argument can be made that the stock market made a cyclical low in 2018 within the context of a secular trend,” Ciovacco said. He was alluding to that big equity drop in December 2018, while a secular trend refers to a rising or falling market trend. It can last from five to 25 years, peppered by smaller bear or bull markets, respectively.


For the day the Dow is trading at 29,030.22 up with +0.31% percent or +90.55  point. The S&P 500 is trading at 3,289.29 up with +0.19% percent or +6.14 point. The Nasdaq Composite is trading at 9,258.70 up with  +0.080% percent or +7.37 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,682.40 up with +0.40%  percent or +6.66  point; the S&P 600 Small-Cap Index closed at 1,027.61 up with +0.38% percent or +3.93 point; the S&P 400 Mid-Cap Index closed at 2,076.10 up with +0.15% percent or +3.11 point; the S&P 100 Index closed at 1,472.23 up with +0.18% percent or +2.71 point; the Russell 3000 Index closed at 1,927.33 up with  +0.19% percent or +3.70 point; the Russell 1000 Index closed at 1,818.56 up with +0.18% or +3.23 point.