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 5th and ends December 8th. The event kicks off Monday night December 5th with a cocktail party, followed by class December 6th,7th, and 8th.
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 5th and ends December 8th. The event kicks off Monday night December 5th with a cocktail party, followed by class December 6th,7th, and 8th.