For the 21-hour* period beginning 12:50 PM PST, Forecast Monkey says BUY the S&P500 (Continue to hold Ultrabull fund or SSO shares).
Today's prediction was reached by dressing the Forecast Monkey in clothes with Christmas bells sewn in, and listening for patterns in the jingles.
Statistics for the Forecast Monkey's predictions through yesterday's close:
Average success rate: 89%
Total return: +22%
1 week return: +8%
Yesterday's return: +3.60%
*Markets close 3-hours early tomorrow for Christmas. It is likely that I will not be able to post the Forecast Monkey's prediction in time for the market's close tomorrow, so if I am not able to post, assume that the prediction is to SELL SHORT.
I beg of you not to use this silly forecast in real-life trading. These predictions are for ENTERTAINMENT PURPOSES ONLY.