Trump Stole Santa’s Thunder

Dow: -32.66…
Nasdaq: -12.51… S&P: -5.58..

It’s hard to tell where the Trump rally left off and the famous Santa Clause rally started.  The rally is defined as the period between Christmas and New Years Day. So maybe this is still the Trump rally and Santa kicks his off next week.  But I digress.

The markets were soft today as volumes continue to fade. It’s Christmas party season, so expect fat finger trades as some traders are still playing drunk in the morning.

CLVS added 8.7% after yesterday’s nice pop. As you can see in the chart below, it is now in the gap. If it got mid-gap, you would have a target of around 65. Maybe wishful thinking, but entirely possible.

CWEI moved 2% today and made another new yearly high.  As you can see on the weekly chart below, the all-time high was about 146.  This stock was 6 in April.  Go figure.

I added TSRO today , we traded this well a couple of months ago. The chart looks bullish and it’s in the same space as CLVS which has been getting a lot of attention.

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