Tech is  pinned to i-rates, as TLT forms a divergent bottom AAPL and Tech should outperform again. Plenty of capital/support in the market to drive assets higher from here. Just my take based on a cross-market view. 

QQQ, S&P ETF dividend dates are NLT today, which would correspond w/ an early next wk pullback ex-div.  

Bigger picture it could be forming a bear flag pattern to fill open gap below. 

Stealth bull market recently in value stocks, especially high dividend payers like MO, T, but also BRK.  T poised to hit first target of 32; MO to 50 if this has legs. 

I want to be bullish but this advance has been on relatively weak volume, which gives me caution.

Happened to me last time, but I had a strategy and it played out. Thats how the big market players operate - take out bulk of stops to drive it up.  I learn each time and revise the plan.

JNK held up well today

I’m taking a leap and buying S&P calls at these  levels. I think this will resolve upward when dust settles. 

I place these orders as Matt explains...best b/c its not seen by market as a stop until it triggers. All brokers have capability.

yes, every morning for TD, especially w/ options. Didnt use to be that way until after no commission trades. IMO volume alone is not reason but more w/ how they sell order flow to Citadel. 

Bought AMZN end of day; volatile AH but that huge coil is appealing. Amazing the massive numbers big tech is reporting. 

Cautious as we approach the small open gap at 3785; coincides with symmetry move up.   

Anyone else had ToS issues past several days during opening hours during all this market drama? Slow order executions, server issues, freezing up - on both mobile and desktop? Starting to think Citadel, who TDA sells orders to, is prioritizing order flow.

just subtract 300 from SPX high - symmetrical move of wedge

Sold all my long SPX options Thurs, last day of 2020 near high for nice gains. Was happy until seeing market up good this morning, got down I left profit on table, then happy I sold again after market hit hard. Market is master at messing with investor emotions.  Toughest part of trading IMO.  

Sold TZA position today. Options gamma this week indicate not much further IWM downside in short term. short squeeze a possibility. 

Matt - Any short term thoughts on IWM/TZA appreciated. Thanks.

Interesting article. This type of publicity draws regulator scrutiny. 

Maybe just for me but newsletter links are showing odd formating.

For that timeframe use a Log chart. IWM may continue to rise to hit an upper channel; reward is limited up here.