What Happened to Stocks This Holiday Week?
Video description: Market Outlook: Bullish (Caution into Friday) I am Bullish for the next 30 days. The S&P 500 (SPX) reclaiming the 6849 level and erasing monthly losses indicates strong institutional buying pressure heading into the traditional "Santa Rally" period. The market has digested the mid-month volatility and is positioning for year-end window dressing. However, caution is advised specifically for Friday, Dec 5, as the Non-Farm Payrolls (NFP) report is a binary event that could temporarily spike volatility (VIX). Traders should look to buy dips in high-quality tech names (like CRM or CRWD) if they post solid earnings but get sold off on general macro fears. The trend bias remains positive as long as SPX holds above the 6790 breakout level.