Market Notes: Today is the last trading Monday of the year. After a three-day weekend, the market has exactly one week of trading to go in 2021. Historically the “Santa Rally” returns a cool 1.3% for the S&P 500 over the next seven trading days....
Market Notes: “The stockings were hungby the chimney with care,In hopes that St. Nicholas soon would be there….” Yesterday the markets continued their rally. There is nothing stopping the markets from continuing higher and closing strong into the end...
Market Notes: “If Santa Claus should fail to call, Bears may come to Broad and Wall.”-Stock Trader’s Almanac Depending on who you ask the Santa Rally is already happening or about to start. Jim Cramer said it typically begins yesterday 12/21. Jeff Hi...
Market Notes: Monday’s open was brutal. I was operating on no sleep and decided it best to sit the day out. I didn’t sell TNA. A close below $75 today will get me out. Today is a different story. Futures are jumping and markets are rebounding. Yester...
Market Notes: Yesterday the SPY opened near record-high levels and if it had held those initial gains it would have closed at a new all-time high. But it did not. The market sold off giving up most of the previous day’s gains. The major indexes, the...
Market Notes: Yesterday I pointed out that the Russell 2000 was at support, the “January effect” was set to kick in, and the market tends to rally after Powell tells it everything is going to be OK. But if you paid attention to the open, you saw that...
Market Notes: Futures are near flat and choppy after a day of selling. The Fed’s FOMC meeting, which lasts for two days, started yesterday. This afternoon Fed Chair Jerome Powell will announce their policy decisions about tapering, interest rates, an...
Market Notes: Futures slipped from green to red this morning on rather light volume. The VIX is holding steady just above 20 and the put-to-call ratio is nearing oversold. The market appears to be timing its December rally nearly perfectly. I expect...
Market Notes: We have a unique situation brewing in the markets. Something that you rarely see is happening now. And I have only one way to play it … Buy, buy, and buy more! The S&P 500 is at all-time record highs. The Dow Jones and the Nasdaq Co...
Market Notes: The markets are grinding higher this morning after a light sell-off yesterday. It was the perfect opportunity to add to my TNA swing. But not every trade is working out … My CHWY calls were a disaster. The lesson here? Manage your risk,...
