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What This Christmas Market Is Telling Traders
Christmas week started with the strong turn around at the end of the prior week, with the mega caps and indexes leading the way. Since the initial pop, there has been some participation drop off as volume has slowed due to traders starting to focus on time off.
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.
A Buy the Dip Setup in ALAB
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.
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?
No Santa Sightings Yet
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.
Setting Santa Straight
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.
How John Carter made 989% in 5 minutes on today’s close, plus next move for TSLA
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.
A Buy Signal In Google
Google has a 195 minute squeeze, which could be the next catalyst to send this stock up into $340. Check out the setup and come trade with us in the trading room.
Time To Buy PLTR
In this video, Allison walks through PLTR on both the Daily and Weekly Time Frames and discuss a few different trade ideas to consider.
Is This The Best Setup In The Market?
While the $RSP looks poised for a breakout, there’s a few key “players” lagging behind. Let’s review the rankings on the Big 3 Scorecard to narrow down what’s missing for a market-wide move into new highs.
