First thing I want to do is send my best wishes to Paul and his family and wish his father a speedy recovery. I talk to Paul all the time and even though I never met his father I know how great a guy he is, I was very upset when I heard he was sick. I talked to Paul after the close and everyone is in good spirits. Please send your thoughts and Prayers

Christmas week and the week leading up to it has always been a tough week for me historically. So much that every year my wife reminds me to not trade in December. It seems to put stress on the whole family and myself with everything that come with December. The chart below show that December is one of the most volatile months of the year and even though we saw how volatile it can be over the last week we need to recognize that the last 2 weeks of the month are the strongest 2 weeks of the year.

Next week is Christmas week and even though i expect the recent 2 day flush to be just part of the volatility that comes with all the recent news and time of the year. I am waiting till Tuesday to start taking a position for the last week of the year. This seem like an early Christmas gift to see the SPy get pummeled right before Christmas the Problem is I was holding some SPY calls into this pummeling.

I wish I could have waited a bit more but the Combination of the rate Hike and Option Expiration had be looking for a further push even when the 60 Minute time frame was clearly over bought. I will make up for that next week. 

The video this week is short and to the point I want to wait til Tuesday to get a better feel and maybe a better price on some trades I want to take. I am not really looking at stocks this week and want to take the trade in the SPY into the end of the year. That I will be charting out live next week. 

The Santa Claus rally is not a sure thing, but the market this week almost feels like it was designed for the event.

Here is this week Video 

Here are some great charts representing the opportunity leading into the end of the year

This last chart is from Ryan Detrick, CMT and great follow on twitter 

So next week we should be pretty busy, I am going to start doing more Member Nightly Video's as the recent swings in the market need to be acted on on a faster time frame and a weekly video can get out of date fast. So look for updated member video's nightly starting next week.

Have a great weekend and see you in the markets monday

DayTraderRockStar