Santa Rally
Thanksgiving week up / down action with low volume
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Last two week:
I continue to wait for the IWM trade to finish up.
Relevant Topics, News, and Data: Month of November
Thanksgiving Week Low Volume
EOM flows
Gary Gensler and Yellen both resign
Citron Research opens up MSTR 0.00%↑ short
Howard Lutnick Commerce Secretary
Scott Bessant Treasury Secretary (more details later)
Saylor continues to raise capital
MARA buys more BTC with Saylor playbook
Strategic Bitcoin Reserves State and Federal TBH
Newmarket Capital BTC backed CRE loans
Schwab to get into BTC spot trading
IBIT options went live (gamma squeeze coming?)
We are still waiting to see who will be SEC and FTC appointees by Trump.
They are jam packing data on Wednesday before thanksgiving. I’d assume everyone trading short term will be out of the market by Wednesday morning which can cause some EOM selling.
We are entering the last part of 2024 and things really slow down by mid december until the week after New year or even late January.