Anything Can Happen™

[vanzandt]

Today is early close. Other than cleaning out some options positions I am not trading today, and if I were, I wouldn't be.

If you are such a degenerate that you can't stay away even on Christmas Eve day, be mindful that the circus clowns in Washington are putting on their holiday show, and their antics are unpredictable, as is the market's reaction to said antics.

Very possible the ES goes out, possibly late, with a 30 to 80 point move up or down. If so, it will be fast and surprising and will break some hearts.

Be mindful of the late day sell programs and be mindful that "late" comes very early today.

Something to ponder as you work on your business and trading plans for 2021. This is, in general, always true. But the degree of divergence since March is stunning. And there is money to be made as a result. Oh yes there is!

View attachment 247249

Everyone be safe, and have a Merry Christmas and a Happy New year.

See you in 2021.

That's an interesting chart.
Looks like Rigshaw was right all along eh?

I like the new look on the thread title. Perfect.
Quite eye-catching, an easy pick for 2021's "#1 financial thread on the world-wide intrawebs".

 

[Gaslight Capital]

Looks like Rigshaw was right all along eh?

@Rickshaw Man has been right forever. The difference is now more exaggerated than it had been in the past.

 

[vanzandt]

Just got word Trump is going to sign that bill.
Reliable source fwiw.
Sell the news?

 

[vanzandt]

3706.
hmmmm.

buy or sell?

Its a crappy bill.
If the indexes were gonna jump, I think they would have.

I say sell.

Edit... there's the spike.
Word's out.
Use 3727

 

[Gaslight Capital]

Missed Christmas but still looking for this $3820's soon. If I had to put an exact figure ot it, I'd say $3826.75

If Trump signs the bill there will be no $2K for the people. The only leverage he has is that bill. He should know that ... the Dems are too f'ing stupid to figure that out (or they are too f'ing corrupt and their pork is taking priority ot the American taxpayer - surprise surprise).

It is ordained however that ES trades to the $3820 before any substantial down turn.

 

[vanzandt]

He signed it.
Bloomberg's got it.

 

[Gaslight Capital]

He signed it.
Bloomberg's got it.

So the $2K was all a show ... again. No substance to this guy whatsoever. A fraud through and through.

 

[Gaslight Capital]

Get long now or get long tomorrow but ES is going to be above $3800 before Thursday's early close is my bet. May not close up there, but it will trade up there.

RTY to $2100+

 

[vanzandt]

Get long now or get long tomorrow but ES is going to be above $3800 before Thursday's early close is my bet. May not close up there, but it will trade up there.

RTY to $2100+

I would think there'd be a bigger spike.
It didn't drop though.... so odds are you're probably right.
We just took an unknown out of the equation, for better or worse.
Pajama traders are clueless, afraid to jump in without the herd.
As always, up we go.

 

[vanzandt]

"I am signing this bill to restore unemployment benefits, stop evictions, provide rental assistance, add money for PPP, return our airline workers back to work, add substantially more money for vaccine distribution, and much more," Trump said in a statement from his Mar-a-Lago resort in Palm Beach, Florida.