Two days in and the shortened holiday week volatility has already lived up to its reputation... We saw the indexes gap down from 1.2% to 1.6% to open the week after a series of negative weekend headlines spurred fresh volatility.
Everything from European shutdowns to sporting event postponements to politicians on Capitol Hill are getting pummeled by the latest outbreak. The new variant is spooking Wall Street, driving a quick sell-off as traders started to lose hope of a Santa Claus rally to end the year.
Although we saw some weakness to start Tuesday’s session, the indexes all rose into the green, including the Nasdaq, which has had a rough few weeks after hitting record highs in mid-November.
The S&P 500 is implying around a 65-point move higher or lower between now and Thursday, with markets closed Friday for Christmas Eve.
That means we could still be in for some more volatility before the long weekend hits, so here’s what I’m keeping tabs on heading into Christmas…
My Holiday-Week Watchlist and How We Reeled in 6 Overnight Winners! December 17, 2021
It’s been a week full of fantastic gains and I have three trades at the top of my New Money Crew Weekend Watchlist for Santa to leave in my account for Christmas…
Blitz Daily Signaled a 2,000% Gainer… Did You Cash In? December 18, 2021
I’m kicking myself for not taking what turned out to be Wednesday’s Cerner buyout options play. If I had, I’d be popping champagne on a beach right now…
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