Is the Santa Claus Rally finally here?

In today’s video, I go over what it would take to reach new all-time highs on the SPY.

Plus, I have a strong risk-reward trade setup for you.

Click here to get that trade. 

YOUR ACTION PLAN

Amazon (AMZN) might not look like a typical chart I trade, but there’s a lot to like right now.

It’s currently in a big, long weekly squeeze with plenty of consolidation. If we get a shift in momentum heading into January earnings, I think it could hit new all-time highs.

What I like most about AMZN’s chart is the risk-reward. This is a spot where I can get into AMZN and risk $5 to try and catch a move to all-time highs (around $35).

In terms of what option I’m picking, I would go out past their next earnings (Thursday, January 29) and go out to the February calls.

Testimonial Tuesday

“Just took a 48% gain on CMG this morning (in 13 trading days). Thank you, Bryan and Karim!” – Alexis7

“In AMZN 19 Dec 230 calls @ $4.15. Out @$5.50 for 32% overnight gain. Thanks Bryan. Thanks War Room.” – tlee9999

“I took the TSLA lotto late, but just closed for 84% win in 15 minutes!! Thanks NateB” – AlphaD