Holiday Weekend Market Review
Indexes continue to churn sideways as we approach next week’s holiday trade. Bulls usually take over in low volume. Can they do it again?
Indexes continue to churn sideways as we approach next week’s holiday trade. Bulls usually take over in low volume. Can they do it again?
In this video, Bruce discusses today’s market action and the outlook for the end of the year. After CPI this morning, we got a nice bounce and relief rally after a long and messy chop phase since Thanksgiving. We have Quad Witching tomorrow after today’s monthly (AM) expiration in the indices and then PCE next Tuesday, so lots more volatility to come. We are clinging onto the 50 SMA on the ES, and if this can hold, we still have a shot at seeing our Santa Rally this year. Bruce will continue to be a cautious Bull until we get more clarity, but don’t load the sleigh too heavy just yet, as we don’t have clear skies to fly in as of now.
When you get into the heart of December it’s hard to read anything financial without hearing about the Santa Clause rally. Assume he’s not showing up this year? Let’s make sure we’re straight on a few of the facts.
The last 10 minutes of the day is always interesting in the realm of high volume, 0DTE SPX strategies. In this video John Carter lays out his strategy, pauses, then show you how it worked in real time.