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. Pause. Reflect. Recharge.
Merry Christmas to everyone, and I wish you a warm, safe, and enjoyable holidays!
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.
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