Prediction: Dec 31, 2015 S&P 500 close at 2346 up 13.9%

My 2015 year end prediction is based on the trend channel shown below, which has been in place since around May 2012. There’s nothing magical about this channel. The market will transition from it at some point, and I think it’s important to plan for that, but for the moment the channel is the trend. This sort of trend channel has characterized the last three …

Read morePrediction: Dec 31, 2015 S&P 500 close at 2346 up 13.9%