They're Not Giving Up on the V

Another V-shaped rally back to recent highs on the S&P 500 Index, seen below on the daily chart, leaves many market players in an interesting spot as we head into the final two holiday-shortened weeks of 2014. I did not do too much swing trading this week, not only due to the overnight gaps and wild price moves in both directions but also because I am working diligently behind the scenes to roll out a new MarketChess.com design and premium offerings in early-2015, which I think you will find incredibly value-added to your process as a trader. On the one hand, it appears as though Santa Claus has come to town for bulls, with the squeeze on and a merry time to be had by longs as oil tries to stabilize. But we also have plenty of damaged charts which could easily see some more volatility, on top of some loose and sloppy patterns in the premier issues in the Nasdaq. I will focus those topics and plenty more, including tons of actionable trading ideas, in my Weekend Market Film Session on Sunday. Have a great weekend!