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Is Santa Claus Rally Happening? 

By Andrew Aziz  |  
Andrew's Newsletter  |  
Dec 21, 2023

Dear Traders,

This is incredible!

Last week on Friday, the S&P 500 ETF, $SPY, saw its biggest single-day capital inflow on record, at $20.8 billion. Dating back to the ETF’s inception in 1993, this has never been seen.

Total inflows last week alone hit $24 billion, also posting a new record.

On Monday, $SPY saw ANOTHER $10 billion of inflows, putting the total at nearly $35 billion since last Monday.

Everyone was sure the Santa Claus Rally was really happening.

But today, the market experienced a sharp reversal on profit taking with the Dow at all-time highs and the S&P 500 near its all-time high, triggering the broadest sell-off in markets since March.

Brian and I recently discussed how underinvested both of us are, and we’re feeling a serious FOMO.

$QQQ is trading at an all-time high, and SPY is almost at an all-time high. $IWM is still around 10% down below the all-time high, but the market volatility still continues.

Today’s trading was not great for me. As I am recovering slowly from my surgery, I found it more and more difficult to wake up in the morning. I really need to move to an Eastern time zone.

I had a $6,000 loss on $NVDA. I missed trading at the Open and did not manage a good trade on $NVDA and had to take the loss. Watch my recap here.

One of the best scanners in the industry, Trade Ideas, which has been a partner with us since 2016, have a massive sale at 27% off. Make sure to take advantage of their Xmas sales for their great product.

Visit Trade Ideas
Last night, I had a good presentation about VWAP and trading based on it. It was well-attended, and we had great discussions from our recent paper, to trade management based on VWAP and one strategy called “VWAP Squeeze”.

The recording is posted in the Education Center for all Elite members.

Tonight is Wednesday, and Mike Baehr is having another psychology webinar on setting new goals and reaching new heights for your 2024. Join Mike as he will steer you toward a purposeful and fulfilling year by unveiling the secrets to crafting meaningful goals. Learn how to set SMART (Specific, Measurable, Achievable, Relevant, Time-bound) goals.

Whether it’s personal growth, trading milestones, or health aspirations, this webinar will equip you with the tools to map out a strategic roadmap, ensuring the new year becomes a launchpad for your success.

To your success,