[isatrader]

The official Santa rally period starts today. As defined by the Stock Traders Almanac - Last week of December through the first two trading days in January.

The weekend watchlist stocks are all trading higher today. But volumes are light as institutional traders are mostly away.

   

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$LCID with spring type action today around the peak liquidity level. Weekly remains in early Stage 2 on the first significant pullback and intraday its forming a Stage 1 base with spring type action in Phase B of the base structure.

This is a good example of how to use the multiple time frame approach with Stage Analysis when looking for pullback entries to form. As you can see it's in early Stage 2 still on the weekly, but intraday it's now starting to develop in Stage 1. So on intraday breakout watch.

           

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$EXTR appeared in the watchlist 7 times through the November / December market volatility and continuing to new highs today.

Note the Relative Strength line below compared to the S&P 500 during that period.

A good example of how I combine Stage Analysis and Wyckoff

   

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I did an initial starter entry into $LCID near the close at 38.63 with a 6% position size, as it held the spring attempt intraday.