Looks like the SPX might challenge the highs by the close.

Thanks, Matt. Wishing you and all the BPT staff and subscribers a very Merry Christmas!

S - following through on yesterday's setup. Note that the MAs on this chart are all exponential. Coming up on a test of the green 200 EMA from below. I'd expect it to struggle a bit getting through. Guess we'll see.

So how can the 1xd QQQ be up 7.7% and TQQQ, 3x the QQQ, be up only 8.8%. That stinks. Give me triple or don't bother.

QQQ - back to the 9 EMA.

S - software stock. Fairly new. Consolidation.

It did indeed close the gap.

My 1min Russell. And it's still going. Wow. Thanks for trying to give us a heads up, Matt. Didn't help me with my back turned though. The run to the very first red candle is 22 green in a row.

I somehow missed that it was Fed day. Here's their stmt.   Federal Reserve Board - Federal Reserve issues FOMC statement

What happened? I turned my back for 20 min for work and the mkts are exploding up. Is the Fed changing its stance again?

I usually expect banks to do better than most in a rising rate environment which I think is coming soon. XLK could use a small pullback, but the daily chart is still pretty darned bullish. Also watching IAI as a proxy for investor sentiment (no banks in that one).

Came SO CLOSE to filling that June gap 329.96. Wish it had.

TSLA - having trouble finding anything to trade so let's talk TSLA. A trifecta coming up.

1. 1. Bottom of gap at 910 round number.
2. 2. 50% Fib retracement from the May lows to Nov highs comes in at 898.02.
3. 3. Price support level going back to January at 900.40.

Fantasy trade? TSLA fills the gap, touches that Fib, and heads to the moon with me onboard. Trendie = millionaire. Or at least rich enough to afford a Big Mac meal.

Looks like UUUU may draw a daily hammer today, too. We'll see. 200 MA in the 6.60s may be a magnet to drag it a bit lower though. We shall see.

Players in the EV space - TSLA, LCID, RIVN, FSR, F, TM, HMC, GM.  TM is up today and has the highest RSI. Bit of a rising wedge on the daily but not steep. Choppy, "gappy" ADR chart.

Merry Christmas!

Bitcoin has already broken 200 SMA. Testing the 200 EMA yesterday and today.

Sorry, Sidney. The risk is part of the game, for sure. If it's any comfort I once took a whopping loss like this myself. It was no fun. For today, TGLS tested and held both the daily 200 SMA and weekly 50. I stopped myself out of my loser based on my trading rules, but it wasn't fun. Best of luck with whatever you decide to do.

LOVE this idea, so HURRY UP, Matt!  LOL

ORCL up nicely on earnings.