It’s the final trading week of the year so I don’t expect any surprises. Funds will want to close out a good year and history shows that it should be a good week.
I’m proud of the way we finished this year sticking to our plan and not bailing on this rally too early. We will continue to follow that plan and ride the uptrend. However, we are getting pretty late in the game here as time would suggest so I would be very cautious putting any new money to work at this stage.
A lot of people will fall victim to this trap over the next month thinking that the market is only going to go higher. We have made some great profits and now is the time to protect that money while others get greedy. That being said I do think this rally can go substantially higher before starting to falter but do not let fomo catch you offsides.
For crypto we are watching early January and for stocks we are highlighting late January as a time to start exercising even more caution. Again, this is not a market to be short by any means. Wait for the trend to change and raise cash in the meantime. Eventually a larger correction will come again, and you will want to buy it.
As for crypto we may see significant gains in alt coins further into January so we will monitor that closely.
That being said I do have a new pick for you today in our 100x watchlist. I told you that I would be trying some different approaches to this portfolio to help you get more out of it. We may get some losers by moving faster but I am confident that one winner here will outweigh them all.
