Hey Trader,

It’s Mark Sebastian, and I’ve got your Market Wrap-Up Video…

Here’s everything you need to know about the market this week, and how to prepare for Monday. I’ve also got some trading opportunities to share.

Non-farm payrolls surprised everyone, sending the market on a rollercoaster ride…  

The S&P 500 made a wild swing…

Consumer staples are getting crushed…

And call buying points to a potential Santa Claus rally on the horizon.

Here are the key takeaways from this week’s trading and today’s Market Wrap-Up Video…

• Non-farm payrolls exceeded expectations this morning, causing market volatility.
• The S&P 500 experienced a significant range, dropping to 4,220 and rebounding to 4,552.
• The NASDAQ saw even crazier fluctuations, with the QQQs ranging from 3,548 to almost 3,600.
• Dividend-paying stocks, including Coca-Cola and Pepsi, had a dismal month.
• Certain sectors like energy and oil were impacted by Russia’s announcement of increased diesel fuel exports.
• Tech stocks, particularly chipmakers like Nvidia and AMD, performed well.
• EV companies like Tesla, Rivian, and Lucid Motors faced challenges.
• Volatility, as measured by VIX, remained high, but VIX futures were falling.
• The S&P 500 struggled to hold the 200-day moving average.
• Key level to watch: breaking above 4,265 could signal a potential bullish run.
• I shared the importance of the 200-day moving average in market trends.
• I listed some trade opportunities, including options plays on SPY and BP.
• I spotted a trend of call buying in December, hinting at a possible Santa Claus rally. Calls bought in Disney, energy, consumer staples, and tech sectors.
  
  
  

Watch now: