Trading notes:Â We're now at 11 out of the last 12 days where SPY has closed higher on the day. It is impressive to say the least, and takes the notion of a "Santa Rally" to a whole other level (though the official Santa Rally doesn't start until 12/24 and continues through the first two days
I closed STT at 96.93 for +1.8% profit overall Broke below its rising trend-line from September.
I closed 1/3 of NVDA at 144.12 for +3.5% profit.
I closed AMZN at 218.46 for +9.1% profit.
Trading notes: You have SPY up 10 out of the last 11 trading session, and heading into the open, we're looking at another gap higher that is really starting to stretch this market to extreme overbought levels. Participation levels are weakening some, and market breadth is waning. My big question here is how much reward
Trading notes:Â With the first trading session of December behind us, trading volume came in extremely light. There also seemed to be a struggle throughout the day whether it would be a mega cap rally or an everything else rally. Utilities, real estate, and financials took a breather, while communications continued to scorch higher. There's some
I closed 1/2 of AMZN (1/3 of original) at 211.46 for +5.6% profit.
Trading notes: We are back from the shortened holiday week of trading. Seasonally, December tends to be a strong month for stocks, filled with tax harvesting and typically capped with a Santa Rally. Overall the month nets a positive return about 73% of the time. I'm not looking to be overly aggressive here, considering I