Dear New Money Club Member,
The bipartisan skinny stimulus agreed upon Sunday evening isn’t going over too well.
As a result, stocks started out soft this morning, although they've recovered a bit off the lows.
Remember: This is a shortened trading week, with markets closing at 1 p.m. Eastern time on Christmas Eve and all day on Friday for Christmas.
That means options this week expire on Thursday.
Now, we’ve seen a lot of short-term buying activity, but we’re going to sit on our hands today. As we’ve discussed before, we must be patient and let the market come to us. So, instead of forcing a trade today, I’m going to wait until tomorrow morning.
That means no trade today.
I'll have a new one for you tomorrow morning, though, so stay tuned!
Sincerely,
Joshua M. Belanger