Wheeee, what a ride! " THEY " have taken full advantage of the low-volume, holiday markets to bring the S&P up to new highs at just under 4,800 and we have Dow 36,272, Nasdaq 16,654 and only the Russell, at 2,264 is not at the all-time high – which was 2,460 back in November – so we're 8% below that level still. Does that mean we should bet the Russell to catch up and make all-time highs? Not necessarily. There's no way to know that these low-volume rallies can stick once the participants return and start selling so we're just in a "watch and wait" sort of mode at the moment – we did all our bargain-hunting during the dip – now we are reaping the rewards on our bullish bets. For example, on December 1st, I was on BNN's "Money Talk" and we announced our 2022 Trade of the Year play (IBM) along with 3 of our top runners up, with trade ideas for each one that were featured in that morning's PSW Report . The ideas were: IN PROGRESS
Wheeee, what a ride!
"THEY" have taken full advantage of the low-volume, holiday markets to bring the S&P up to new highs at just under 4,800 and we have Dow 36,272, Nasdaq 16,654 and only the Russell, at 2,264 is not at the all-time high – which was 2,460 back in November – so we're 8% below that level still.
Does that mean we should bet the Russell to catch up and make all-time highs? Not necessarily. There's no way to know that these low-volume rallies can stick once the participants return and start selling so we're just in a "watch and wait" sort of mode at the moment – we did all our bargain-hunting during the dip – now we are reaping the rewards on our bullish bets.
For example, on December 1st, I was on BNN's "Money Talk" and we announced our 2022 Trade of the Year play (IBM) along with 3 of our top runners up, with trade ideas for each one that were featured in that morning's PSW Report. The ideas were:
IN PROGRESS
