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With futures flattish currently, we will look at the first reaction to the PCE numbers and see whether the recent rally pauses today, or it has some gas left.

Go spend time with family and friends, play in the snow or in the ocean, do whatever makes you happy, so you can come back to the market in January refreshed.

Continue to be disciplined, selling into strength and buying dips as long as the trend continues. For now, the path of least resistance is to the upside!

We have two days left until our Christmas break, so don’t try to make up any losses you may have incurred in such a short period of time, but follow the trend.

Remember: if we have an active sequence there are buyable dips, there’s no need to chase things. Don’t let your lows get too low or your highs get too high.

The trend is your friend and this reversal to the upside is an opportunity for you to put some cash to work, but follow levels and trim into strength.

Keep your powder dry until we see a clear direction post FED. Remain tactical and book some early trades if they work in your favor. Wait for a better set-up.

Momentum has been lost as the bears are trying to push the overall market back to gaps created earlier in the month. Cash is also a position

$AAPL looks for $3 trillion valuation, Omicron fears fade and investors are waiting for the FED meeting on Wednesday

When you have macro binary events like today it is a good idea to stay light, elastic and ready for any sudden move. Don’t fight the trend as it will be painful

Remain liquid, tactical and most important flexible enough to recognize if yesterday’s selloff was just a profit taking event or the end of the recent uptrend.

We are still waiting for the CPI numbers tomorrow, so I don’t go all-in before the end of this week. The $SPY is quite extended now, but $QQQ has room to go up.

During active sequences, traders focus their attention on buying dips and selling into extension zones. Knowing the rules of engagement helps maximize profits.

Make sure to book profits and leave trailers for continuation. A little pullback to the mean will be healthy.

If you use technical analysis, combined with macro news and experience you can be a winner in the market. It is all about patterns, trends and timing.

Remain disciplined, flexible and follow the path of least resistance. Today’s action might validate the beginning of a new active sequence

Until we see a clear reversal from this downtrend I am staying out of the way, and I just picking quick trades for some cash flow, nothing more.

Some broken names with excellent balance sheets and business moats are approaching oversold territories. Be greedy when others are fearful!