Market Notes:
“The stockings were hung
by the chimney with care,
In hopes that St. Nicholas soon would be there….”
Yesterday the markets continued their rally. There is nothing stopping the markets from continuing higher and closing strong into the end of the year.
Today is the last trading day before the holiday. The first trading day after Christmas is historically the strongest day of the year. The average return from the S&P 500 is 0.5%.
Not a whole lot more to go over this morning.
I’m bullish and risk on. Thanks for reading and Merry Christmas.
Watchlist:
*Low Float
^Open position
*TRT has support at $11
*BFRI has support at $10
*^SLDP has resistance at $11. This EV battery play has a lot of institutional holders and compared to QS is severely undervalued. I’ve opened a starter position and am looking to add under $10.
*SOPA has support at $16
*SINO has support at $4.20
^SEAC has support at $1.80 still. I’m holding a small “wild card” position.
ASRT has support at $2
LLNW has support in the $3.40-60 area
LILM has support at $8
QTT, BORR, & NAKD are recent reverse splits I’m keeping an eye on.
Side note:
I’ll be changing the format of this newsletter in the new year. My focus will be on swing trades. More to come … Stay tuned!