The Post-Christmas Post

Image result for thailand you are here mapGreetings from Thailand! 

I'm on the other side of the World working to finalize a deal for PSW Investments and two of our Investment Projects:  Hemp Boca (a CBD company) and New Age (manufacturer of Jade House Genetics THC products) to help create a Hemp and Cannabis Farming Industry in Thailand.  It's a huge project and I just got here this morning, which was last night for most of you and now it's 8am, EST and 8pm in Thailand and I already over-napped from trying to be up at 7.

Also, I have to be up at 3am to catch a 5am flight north from Bangkok up to farm country and that's only 7 hours from now and then I have 2 very full days of meetings so I'm going to be realistic and say that this is the post that is going to cover both Thursday and Friday's markets and I will try to catch up in the Live Member Chat Room but, for the next week – your "live" and my "live" are happening at very different times of day – so bear with me…

Not much has happened since Christmas Eve and the time between Christmas and New Year's is notoriously the slowest market week of the year.  Only 20M shares traded on the S&P Index (SPY) on Tuesday, the lowest level of the year, so we can't draw any conclusions from the trading action, which has generally been flat since Dec 20th at 3,230 on the SPX (/ES Futures).

Before that we were flat since the 16th and, before that, flat since the 9th so it's been 3 flat weeks in a row on the S&P 500 yet we've gained 100 points (3%) thanks to one big surge on the 12th and another one on the 20th.  Other than that – flat!  That's an entire month's "rally" that actually has very little support should the markets decide to pull back once the volume returns in a couple of weeks. 

So we're still approaching the market with a bit of caution and Asia was pretty flat today, waiting for the US to open and
continue reading