Santa Rally Hit the Wall

As of Friday, 12/21/18, The US government partially shut down over budget disputes centered around The Wall.

And any hopes of a “Santa Rally” were smashed against that wall.

In this week’s market update video, I analyze current price action and offer my predictions of what will happen next and what to watch for.

The FollowMeTrades.com Stock and Options Picks look like they are going to close 2018 at about 25% profit for the year, which is consistent with the last several years, and not too bad considering the S&P 500 is down ~ -10% year-to-date.

If you’d like to participate in disciplined trading (regardless of the market direction,) with consistent year-over-year profitability, here is a link for a 30-Day Trial for just $37. 100% Money Back Guarantee.
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Take Care! Have a Merry Christmas and I’ll catch you on the next update.

Dean

5 Comments

  • dee

    Reply Reply December 23, 2018

    Dean,
    thank you, and a Very Merry Christmas to you and yours,
    hope to hear from you soon.
    Take Care,

  • Imelda H

    Reply Reply December 26, 2018

    Hi Dean, do you use renko charts on multi frame time charts in your trading to track spx or spy. it’s been useful and if you do that on tradestation, i am interested in following you or subscribing . Just let me know pls, and if u do, what is your success rate. tks vm

  • Lex Morgan

    Reply Reply December 28, 2018

    Dean, your comments at about 4:20 on the vid were great, “…we could get a good rally…but the big picture is down…” Yup we got the big rally but not even close to the last “lower high”. We’re still about 300 points below that. I think there’s a big ol’ bear around a near corner.

    • Dean Jenkins

      Reply Reply December 29, 2018

      Lex,
      I agree! But, we’ll trade the realities. If there is a small rally before more down moves, I’ll trade it!

      Dean

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