Ahoy there Trader! ⚓️
It’s Phil…
Important Question: Are you ready to trade smarter?
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SPX Deeper Dive Analysis:
Yesterday’s market played out like a cosy holiday movie—predictable and satisfying. The narrow trading range delivered exactly what we anticipated. No surprises here!
Key insights:
- $ADD Action: Jumped from bullish to bearish extremes, hinting at continued bullish momentum.
- Santa Rally Watch: The last 5 trading days of the year and the first 2 of the next typically bring bullish vibes. Let’s see if this year delivers!
My stance remains unchanged:
- Bullish Pulse Bars: Watching for setups to ride the upward wave.
- No Rush: With the holiday season in full swing, there’s no pressure to overtrade.
Today marks a half-trading day before the Christmas festivities begin. Markets may be quiet, but the opportunities are simmering nicely for the next big move and just a few hours left before the festivities begin.
So have a very merry holiday season, and I’ll speak to you before the new year. Bottoms up and enjoy all the pigs in capes.
Fun Fact:
Did you know? The Santa Rally isn’t just folklore. From 1950-2022, the S&P 500 posted gains in the last 5 trading days of December 76% of the time. It’s a holiday tradition that even the Grinch would envy!
The Santa Rally phenomenon is often attributed to a mix of lower trading volumes, investor optimism, and year-end portfolio adjustments. While it doesn’t happen every year, the stats show a strong tendency for the markets to finish December with a festive flourish.
Happy trading,
Phil
Less Brain More Gain
…and may your trades be smoother than a cashmere codpiece