Relative Performers to Watch
Winding down 2020, the reflation trade is in full swing — as I discussed in my Notes back in October — and there are plenty of trends to add to our radar.
Winding down 2020, the reflation trade is in full swing — as I discussed in my Notes back in October — and there are plenty of trends to add to our radar.
I have a pullback on a 15 minute chart, since we are some distance from the original setup on the daily. We have triggered for a swing trade also.
In today’s free video, I give my outlook on the rest of 2020 and discuss underlyings with good foundation but have seen a pushback. I also share my thoughts on gold.
The question is, do we get a Santa Claus rally into the new year? Well, I think so, but I also run through one of my favorite things to look at, which is how the PCALL and SKEW correlate to the markets. Specifically, now is not a bad time to have a hedge on, just in case “the pullback” happens sooner than later. Be like water: don’t call the top, and go with the flow.
Often traders feel compelled to trade right on the open, and in this video, I share why it’s often best to wait for the market to tip its hand.
As the market waits for Santa, is there another factor in why certain sectors and indices will rally? I explain what that is and why in this video.
There’s been so much hype around new IPOs, and valuation completely aside, there is plenty of momentum to trade — especially in the options market. In this video, I am teaming up with Tammy Marshall, the Fibonacci Princess, and using her technical analysis along with mine. Check out the trades here.
We are entering the time frame of the famed ‘Santa Rally,’ and by the looks of today’s price action, traders are ready to buy dips and ride the S&Ps off into the sunset. While some large caps like GOOGL have been soft, there is plenty of opportunity in some more volatile names. Let’s look at ABNB, AI, SDC, CHGG, SPCE, AAPL, TSLA, and more.
In keeping with the “double green” on the broader indices as well as many key sectors, pullbacks such as the one this morning are NOT a shift in trend but a correction of the uptrend.