Stay    FOCUSED 

Merry    Christmas 

"Obstacles are those frightful things you see when you take your eyes off your goal."

Henry Ford, car producer

There is a lot of noise (political tweets) and fear (Virus and the vaccines) out there in the market.  Listening to the news media and watching tv all day long is not going to get everyone a stimulus cheque or cure the effects of a virus with a vaccine.  We are traders and investors.  Our job is to increase the size of our portfolios and hold all our opinions to ourselves.  Don't engage in conversations on social media about the pandemic or the stock markets.  It's going to depress you and compromise your immune system.  Use your time wisely and instead:

• Get a good night sleep.  You now have an opportunity to catch up on your sleep.
• Start your day performing stretches and light exercises.  You always wanted to get in shape and now you can actually follow your New Year's resolution since we are all working from home now.
• Eat a healthy breakfast to start your day.  It will help you kick start your day without the pressures of having to run out the door to your job and be stressed commuting.
• Get dressed up as if you are going to work or school.  Now is a perfect time to polish up your trading skills and look over your weaknesses.  
• Take an online class on trading and investment.  Watch some utube videos of some of the professional money mangers.  Learn what traits and discipline they possess that makes them successful.  
• Communicate with friends, relatives and acquaintances that motivate you and keep you energized.
• Learn to read stock charts and back test your system of trading and investing.
• Polish your system of trading and write it down.  Identify your rules of when you will buy stocks, when you will sell them for a profit or a loss and how long will you hold on to that stock.  This will be your system of rules that will help you develop a Trade Plan for every stock you initiate a position on.
• Prepare and update your stock watch list everyday.  Do lots of  "Virtual Trades"   (utilizing your brokers platform on your virtual account) and back test your system.  

This will be a short week in the market.  For the month of Dec so far, $QQQ  is  +3.89%  and has stayed above the 21 day sma (simple moving average) for the last 6 weeks.  We do have a high count of 7 total distribution days between the  $SPY  and the  $NASDAQ.  This will be a light volume week in the market.  One of the stocks to watch this week is  $PTON.  It has a history of hugging the upper Bollinger bands for 17 to 20 days during its most recent run up.  Currently it's above the faster moving 8 day sma and has been hugging the upper Bollinger bands for the last 5 sessions.

Good luck trading this week.

Happy Trading!

Amin