Market Report Mass Confusion

Market Report Mass Confusion

By

Todd Horwitz Chief Strategist BubbaTrading.com

Be Prepared not Surprised.

*** A special note, Tradier is sponsoring our Las Vegas event which is at Circa starting on December 5^th and ends December 8^th. The event kicks off Monday night December 5^th with a cocktail party, followed by class December 6^th,7^th, and 8^th.

Too say that the markets and investors are confused would be an understatement. For the past 6 weeks markets have churned in the most miserable pattern known as wide sweeping congestion.

Eventually this pattern will breakout up or down and a new trend will begin, the question is when. Before we can see the markets trend, we must see liquidity and volume which have been absent a good portion of the year.

The trading environment has been a challenge for active trades and investors alike. There are too many issues from political control to inflation, supply chain issues and earnings.

As we watch the VIX continue to lose value the options market remains mixed. The bulls and the bears are losing ground on buying options. Besides the usual call buyers which we remind you is not bullish or bearish, we saw premium sellers with Iron Condors, Bull Puts, Bear Calls.

Bulls are focused on buying GM, MSFT, AAPL, XSP, and CVNA. The Bears are selling QQQ, SPXW, SI, IWM, and LYV. This has been a mixed market and with Thanksgiving this week, we have no expectations of major movement.

As traders and investors, we have one thing to remember, follow the trend of the market. Be patient disciplined and leave your emotions out. The most important thing to remember is money management and self-control.

Todd “Bubba” Horwitz

BubbaTrading.com

*** A special note, Tradier is sponsoring our Las Vegas event which is at Circa starting on December 5^th and ends December 8^th. The event kicks off Monday night December 5^th with a cocktail party, followed by class December 6^th,7^th, and 8^th.