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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.
The Oracle Speaks
ORCL announced earnings today, and it’s been one of the primary focal points of the current market. Market participants want to know if there’s more to the AI theme, or if things could possibly be cooling off. Henry used three different butterflies to trade the binary event and while he doesn’t know where we’ll open tomorrow, he knows you can use these same concepts to set up an earnings trade for AVGO, which is set to report Thursday afternoon.
End of Day Action and Tax Loss Selling
Oftentimes you’ll get a squaring up of positions in the last 5 to 10 minutes of the trading day that can lead to some interesting moves…
Markets at Large Resistance for FOMC
Ever since the markets figured out that rate cuts in December were back on the table, the move has been strongly to the upside. So it seems the move might already be priced in with the indexes at their previous highs. Now we have to see what the markets want to do with the actual news coming out on FOMC Wednesday.
