Welcome to December, the Year’s Grand Finale
Ah, December. The month where the days are shorter, the nights colder, and the bank accounts thinner—classic holiday vibes.
It’s the time of year when we hang stockings by the chimney with care, hoping Santa will drop something more useful than socks or scented candles. Maybe some cash, Santa? A stock tip? A miraculous solution to inflation? No? Cool, thanks anyway.
As we start the last month of they year I am wondering if this is the year the market decides to play nice (aka “Santa Rally”) —or if we’re just getting coal in our trading accounts. Either way, welcome to the last lap. Let’s finish strong. Don’t oversize into the end of the year. Trade the charts as always.
We do have a decent slate of earnings this week and the economic data calendar is packed to the brim. Daddy Powell highlights the “most anticipated” show on the slate this week. He speaks Wednesday afternoon. As always, check the earnings and data info at the end.
Cheers to December: the final “boss” of the calendar year. May your trades be green, your gains tax-efficient, and your holiday spirit be filled with just enough eggnog enough to survive. 🎄
Annual Subscription Money Back Guarantee!!
If you don’t make back your ANNUAL subscription fee ($200) in 1 month, I will refund your money AND YOU KEEP your subscription.
ZERO RISK - WHO ELSE DOES THIS??
Valid on new annual subscriptions only. First month defined as first 8 issues from start of annual subscription.
My Charts
Over Green line = Entry for Calls
Under Red line = Entry for Puts
Dotted Blue line = Price Targets
Purple line = Dark Pool
Blue Boxes = Demand Zones
Red Boxes = Supply Zones
Price targets are not the same as option strikes.
Price targets are where I believe the chart can/will go.
The strikes I suggest are what I think provide the best risk/reward to make money.
Let’s BANK!
SHOP
SHOP 0.00%↑ weekly trendline breakout retest and the strong push off of the trendline to close out the week. Holiday shopping is in full effect (you may see a retail theme tonight in the Stack), so this could be a runner. Here’s my plan for the week.
Keep reading with a 7-day free trial
Subscribe to PRIME PICK$ to keep reading this post and get 7 days of free access to the full post archives.