No new trades tonight.
Tomorrow is Christmas Eve. The U.S. stock market will close early (1:00 pm ET). Volume will be very, very light as most traders are off on holiday. Sometimes super low volume can produce volatile market moves. The good news is that history suggests stocks will rally between now and yearend.
According to the research team with the Stock Trader's Almanac, the Santa Claus rally normally starts tomorrow and runs through the first day or two of the new year. The three trading days after Christmas are some of the most bullish days of the year for stocks.
Please note there will be no newsletter tomorrow night (Christmas Eve). We will return with our normal newsletter this weekend.
Merry Christmas and Happy Holidays!