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The traditional Santa Claus rally week got off to a rough start with another emotional Monday morning gap after investors panicked over a new strain of the coronavirus being spread in Europe. I don't know much about that virus, but I do see that investors were buying the early deep losses, and while we didn't see much green by the close, most of the indices closed well off the morning's carnage lows, and the gaps were filled. The Dow was one of the green indices gaining 37-points, as Nike and ...

Originally Posted by coolhand

The bears made an attempt to take the market down today, but it was quickly countered by the bulls. Price bottomed after the 1st hour and recovered to close mixed on the day.




There isn't anything particularly notable on the charts today. Volume was actually average given the holiday week. Normally, I'd expect less volume. Momentum is still negative on the S&P, but price remains not far from the peak.

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Stocks had a wild ride on quadruple witching Friday where many options and futures contracts were expiring, triggering a spike in trading volume. There was also index rebalancing going on, plus Tesla was being added to the S&P 500, so it was quite a day. Yet, after all was said and done, stocks closed mixed with modest losses (and some gains) in the various indices. The Dow lost 124-points while the small caps managed another gain.

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Originally Posted by coolhand

The S&P 500 and DWCPF both had great weeks last week, but the DWCPF far exceeded the gains of the S&P. Friday's action was another mixed bag with the S&P pulling back moderately and the DWCPF posting a modest gain.

We now enter a new week with bullish seasonality and bullish smart money.




Nothing new to talk about with these charts. The S&P is trending higher, but at a slower pace than

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