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,


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