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After a rough Monday session, the SPY shook off the downward price action and pushed higher on Tuesday. News of a possible stimulus and a small amount of possible rotation out of tech pushed the SPY within a couple of points of a new all-time high. The QQQs have had a slow but steady grind up the last two sessions, also closing close to new highs. Volume across the board is light, but steady, and we’ll watch for signs the ‘big’ money is lightening up as we head toward 2021.
From the entire team here at YouCanTrade, we hope you and you family have a wonderful Holiday Season and a Happy New Year!