It's time for Santa Claus
With but a couple weeks remaining in this year of trading, it's time for the Santa Claus rally to come to the forefront. I've been slowly getting longer the past week or so preparing for that possibility but am by no means as heavily invested as I was for the that last spurt. The problem with Santa Claus is that he's uneven and usually without much volume so it's pretty difficult to get any real reads ... in other words it's more about hope which I tend to shy away from.
PFE got a favorable ruling on Friday and they are taking the drugs up as a group this morning. Futures in the green and that precious metal sector looking to bounce. I was looking to get back in there last night on the futures but there wasn't a lot of opportunity early as it trade flat to slightly down and then just headed higher. We see it up $5 this morning already ... back to the resistance area that it failed at Friday. A break through that 512.4 area and we are officially in bounce mode.
I rolled out that new service this weekend and there's been decent response already. Check it out. As I expected, I've picked up a couple trading ideas already from the input. That was the idea. Working together we all get a little better. I've one more idea that's planned before end of year and when I get it up and running, I'll let you know.
So, with the end of the year approaching, you have to consider how you want to position yourself coming into the new year. Do you want to be long, very long, balanced, mostly in cash with a prove me attitude, or even short. You control your future and your financial destiny. I simply offer my thoughts and show you what I'm doing. I've got to get around to another Naked Trades article on the New Year with a discussion of these thoughts.
PFE got a favorable ruling on Friday and they are taking the drugs up as a group this morning. Futures in the green and that precious metal sector looking to bounce. I was looking to get back in there last night on the futures but there wasn't a lot of opportunity early as it trade flat to slightly down and then just headed higher. We see it up $5 this morning already ... back to the resistance area that it failed at Friday. A break through that 512.4 area and we are officially in bounce mode.
I rolled out that new service this weekend and there's been decent response already. Check it out. As I expected, I've picked up a couple trading ideas already from the input. That was the idea. Working together we all get a little better. I've one more idea that's planned before end of year and when I get it up and running, I'll let you know.
So, with the end of the year approaching, you have to consider how you want to position yourself coming into the new year. Do you want to be long, very long, balanced, mostly in cash with a prove me attitude, or even short. You control your future and your financial destiny. I simply offer my thoughts and show you what I'm doing. I've got to get around to another Naked Trades article on the New Year with a discussion of these thoughts.
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