Expectations for continuation may be met with disappointment and it has to do with December chop and what the Santa Rally usually does. Let’s take a look at the usually action in December and why with Monday’s move Santa may have exhausted himself.
With both the technical trend and the macroeconomic trend in place, the long US dollar setup is one that could not only trigger this week but also take us into next year. In this video I explain how I have been buying the dips in this market.
Before I prep and lay out a thesis for the market, I like to plan for the few scenarios the market can see – above (bullish), below (bearish), or sideways. The S&P 500 (ES) has been setting up a 2-day squeeze as the market chopped due to the economic events leading into the holidays. Will the squeeze fire and launch the ES to all-time highs? Let’s take a look at the market conditions and set the tone for the new year.
Let’s set the tone on the various scenarios we could see from the market along with my two favorite setups that I believe are worth keeping an eye on. The market mostly moved sideways for November and December as the market had to deal with economic events. While it chopped, a beautiful 2-day squeeze started to form and is beginning to release as we head into the new year.
Is Santa done? The upside is limited from the seasonal perspective but does not mean that we cannot start planning for next year. Sectors and Industry scanning is a keep part of that preparation and I share how I do it in this update.
LOW and HD are both set up for nice trades into new highs. There is always so much talk about which is better, so let’s compare levels and risk parameters with each.
The post-Christmas trade has opened up with a bang, with AMD, MSFT, NVDA and more leading the charge higher. As the market strengthens up. buyers continue to come out of the woodwork, and will likely cause continued upside pressure this week. Check out my top tickers I’m watching, including TSCO, AAPL, DDOG, NDAQ and more.
We recently discussed a plan for Meats, Metals, Softs and more. Tonight is a review of those and a plan going forward. Watch to find out more!
We recently discussed a plan for Meats, Metals, Softs and more. Tonight is a review of those and a plan going forward.