Week of December 1
Best Thanksgiving week for the SPX since the Financial Crisis.
Recap of last week
Last week I called the bottom with conviction.
That post was sent out Sunday at 4:29PM EST, over an hour and a half before futures opened. The SPX went out to close up on the week 3.7% for the best Thanksgiving since 2008.
I see alot of furus this week sending out newsletters about a Santa Rally, now that es is 350 points off the lows. Thats about as useful as a blood transfusion after your patient has already died on the operating table. You get PAID for being early in markets, if youre late you usually become a destitute bagholder.
We got long call spreads that hit max profit, we also got long ES for over 100 pts. Frankly you couldve bought any upside in just about any stock and made a fuckton of money if you knew what we knew.
Anyways on to next week.
Next move for markets
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