There are six trading days left for this calendar year, and it was a good one. Just after buying back on to the SPY, we had put a modest 1.46% gain on the books since the trade alert went up on 13 December 2019. For example, if we had a $39,000 capital invested on the SPY, we had made an approximate $568.26 in one week before any commissions or fees could be deducted. We are gaining profits thus moving in the right direction.
We expect that this coming week we continue to roll into a positive end to the calendar year with a Santa Claus rally all the way into the new year. Geo-political events and news should slow down as the holidays, good news, or at least the absence of negative news influence in the market trading take a driving seat on the trading agendas for the average investors. Impeachment hiatus, NAFTA new deal, US-China phase one deal, all had influenced the current good trend. Let's keep at it.
Happy returns everyone!
