One Way To Fly
As we approach the end of the year, the market is in a generally bullish stance. I doubt it’s going to go straight up, but this butterfly is something to consider into the first month of the new year.
As we approach the end of the year, the market is in a generally bullish stance. I doubt it’s going to go straight up, but this butterfly is something to consider into the first month of the new year.
ALAB is a hot semiconductor AI name, and it has experienced a nice pullback, along with a combination of a daily and weekly squeeze. This is a great long-term buy setup, with a fantastic risk to reward to the upside.
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.