Well it definitely was low v, but that move on Thursday sure was not a small body day, I expected it to resemble Wednesday’s candle. I do not trust low v moves too much, especially going into the holidays. However, we are moving into the new year and the January effect is in full swing. I was caught off guard with this, but looking at the $RUT you can clearly see the small caps rallying hard, as they traditionally do this time of year. Now the key is the next 4 days of trading. If we end this week up, then I would expect more of the same type of trend in January, if we end up down, historically we should be watching for some January selling. There is not a lot of econ news this week, but all of it has potential to move the mkt., with Tues and Thurs having the most potential. Onto this week’s video.
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