Will Santa Appear This Year? While Danielle remains bearish this market on a swing basis, she is looking at a possible Santa Rally due to the overall market being so extended to the downside, with a combination of it being oversold with a high put/call ratio. Here is what she is looking at — however, remember, NO TRIGGER, NO TRADE! We never buy ‘just because’ of a seasonal trade, we must combine it with technical triggers, and we haven’t gotten any of those — yet.
Due to the overall weakness in this market, especially seen across all sectors, I remain bearish the market. So far, I haven’t seen signs of the selling stopping but I recognize the oversold condition plus high $PCALL ratio that I discussed in the free video. Let’s look at deeper targets on AMZN, FB, NFLX, and AAPL, as well as BA, XLP, XLK, XLC and the KWEB.
Finding the time frames to trade intraday can be as simple as using the GRaB Candles and the 34EMA Wave. Here’s how the market can shift and setup entries on the 1, 3, and 5-minute charts.
The big picture plan is to continue to focus on weakness in the broader averages, focus on defensive plays, the dollar, gold, silver, and palladium. Also how event driven plays differ from trend follow and why this is so important.
While the market isn’t done to the downside yet, this asset class is doomed.
