Holiday Trading In Full Swing

December 23, 2022

Happy Friday and get ready to celebrate!

Christmas is finally here and the festivities are about to begin.

After last week's rug pull, stocks held up this week.

The stock market will be closed on Monday, Dec 26th

I've been a little cautious the last two months without pushing out a new trade each week as promised.

When the market risk is elevated it's hard to push ideas out that I'm not 100% confident.

We're going to close the year with around 500% overall gains with a win rate of 60%.

This is great for us because stocks and bonds getting wrecked this year.

I plan on having a new alert out on Tuesday, which will be the last one for 2022.

The CBOE Volatility Index (VIX) closed this week at 21.

That's a 3-point decrease from last week.

So that means volatility remains elevated, but not as much as it was a month ago.

We will continue to see swings, but not as large.

Now let’s talk shop.

Portfolio Update

Here’s a recap of what we did this week.

On Monday-Friday:

  • No action.

Right now, we’re holding:

  • MLCO Jan 20, 2023, $12/$11 put spread

Have a great weekend and it's time to enjoy a ice cold spicy margarita - TGIF! 

Joshua M. Belanger

Joshua M. Belanger
Joshua Belanger is founder of CounterVest and the editor of Hot Money Trader. He has been providing ordinary investors blockbuster returns since 2008. In 2018, the average return of Hot Money Trader beat the markets by over 15%