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Thank you to all who turned out to this year’s Montreal Trader’s Christmas!
It was a great event and I can think of no better way to end the year than celebrating the holiday season with fellow Montreal traders.
I am grateful to be part of such a vibrant trading community and we have a lot more planned for 2020!
This week the Santa Clause rally kicked into full gear as the North American indices once again hit record all-time highs.
With the SPY closing in around +30% gains YTD and with only 5 trading sessions left in the calendar year, the only question is how far will the Santa Clause rally take the indices?
Volume is historically light this time of the year so take this time to wind down your trading.
Now is not the time to try to make your year.
Whether you did (or especially if you didn’t) get the results you were looking for this year take this week to:
Pause. Reflect. Recharge.
So many of us rush from trade to trade that we often miss out on the bigger themes and narratives that are going on in our trading.
Often the illusion of action masks a deeper problem.
Never forget that a problem is nothing more than resistance (or aversion) to a situation.
If you take the time to be still, to really let go, then you will often see that the solution resides inside of the situation or said another way, the problem is a solution for something else.
Watch this week’s Weekly Outlook video to see the setups and levels we’ll be watching as well as the technical outlook for the VXX SPY QQQ IWM DIA EEM TSX TLT GLD BTCUSD SHITPERP EEM and more for the week of Weekly Market Outlook For – December 23 – 27, 2019.
Merry Christmas to everyone, and I wish you a warm, safe, and enjoyable holidays!