Strawberry Blonde's Market Summary: December 2020

WELCOME

Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...

* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.

* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.

* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.

* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.

* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...

* Wed. July 7 @ 2:00 pm ET ~ FOMC Meeting Minutes

* Tues. July 13 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data

* Wed. July 14 @ 8:30 am ET ~ PPI m/m & Core PPI m/m Data

* Wed. July 14 @ 2:00 pm ET ~ Beige Book Report

* Fri. July 16 @ 8:30 am ET ~ Retail Sales & Core Retail Sales Data

* Wed. July 28 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference

* Fri. July 30 @ 8:30 am ET ~ Core PCE Price Index Data

* Fri. Aug. 6 @ 8:30 am ET ~ Employment Data

*** Click here for link to Economic Calendars for all upcoming events.

Tuesday, December 29, 2020

GALLUP POLL: President Trump Is Most Admired Man In 2020...Ends Obama's 12-Year Run

Link to The Hill article

We'll see where he goes next after his term as US President ends on January 20, 2021...

Sunday, December 27, 2020

President Trump Signs COVID-19/Omnibus Bill With Proviso That Congress Make Amendments

At least the President is fighting for the average American.

We'll see if Congress is, as well, and follows through on these amendments...

At the time of posting this article, there has been muted reaction to this news in the US Futures markets. We'll see how the markets open on Monday.

Friday, December 25, 2020

Merry Christmas 2020

Thursday, December 24, 2020

'Twas The Night Before Christmas 2020

Click here for live Norad Santa Tracker

Monday, December 21, 2020

What's In Store For Bitcoin In 2021?

It seems Bitcoin (BTC/USD) is fond of parabolic spikes...spike #2 is well underway from the March low, as price is approaching the first external Fibonacci level (1.382%) at 26259.60 (upside target and first major resistance level), as shown on the following monthly chart.

The Balance of Power still rests with buyers, but December's level is currently below that of November's, in spite of a 4,413 higher price.

Keep an eye on the BOP level at the December close. If it remains below that of November's close, we could see a retracement early in 2021...potentially down to around 20,000, or lower, particularly if price hits 1.382% by year end.