Finally, Santa Claus Comes to Town

Hey There Income Hunters,


Every year my sister has a blowout Christmas party for 100-plus people


I have the task of singing “Santa Claus Is Comin’ to Town” (Bruce Springsteen version).


Always fun, however, my voice is completely shot from the Power Income Trader event on Tuesday. 


I did the best I could when I went live yesterday – but really all that matters is the trade record and yesterday we registered our seventh win in a row. 


Seriously I take trading for subscribers every bit as serious as my own trading and I am glad we are accumulating wins heading into the holidays.


We’re winning at an 80% rate – and averaging about 68% per win!


If you haven’t joined me in Power Income Trader, now is the time.


Plus today …


I see great profits for next year and I’ll highlight a couple of early ideas for you.


Bullish on China


I think China is ready for an extended move higher.


It has corrected by more than 50% and China is now in an easing mode.


With a couple of months until the Winter Olympics, Beijing will want as much positive news as possible.


The chart below is iShares China Large-Cap ETF (FXI). The government has backed off the tech industry and I think a correction is coming. 



Sell the Rips in Broad Indexes


Jerome Powell is a long way from accomplishing what he needs, which is a That is a decent correction in stocks of at least 10%.


I think we will see it in the first half of 2022.


We are still getting the buy-the-dip crowd, but one of these corrections will keep going.


My thought is to sell the SPDR S&P 500 ETF Trust (SPY) against a 4640-4660 level in S&P 500



Bring It Home


End of year opportunities abound.


On Thursday we will look at a couple of others. I believe capitulations in metals, miners and China are near.


This is a rally to sell because Powell will only get more aggressive, putting pressure on the market to avoid having to raise interest rates too far …


Have a great day and as always,


Live and Trade With Passion My Friends,

Griff

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