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Market Update And Video
Hope everyone is having a relaxing holiday. I wanted to do a quick update on what I am seeing from the DeMARK side in the video above. There is still not a whole lot to do, and as you know we have been somewhat light-footed into an expected volatility pop which has more or less played out.
However, stocks are still somewhat in the middle of a range with no real character and active 13 buys on the VIX
The start of the year is always a tricky time because it always seems to set new records ("Best start to the year in history, worst start of the year in history"). I would prefer to still be somewhat light-footed going forward.
I did talk about one play in the video, and that is AMZN.
Active weekly combo 13, first time since 2006, when the stock went up 5x in 2 years. This is my main long focus at the moment. The street still has an active target of around 140 on this.
See you all in Discord.