Broad Rebound: Melt-Up Momentum or Pre-Turkey Trap?

Comrades, this is not some fairy-tale, mindless rally.

This is a beat-up market trying to crawl out of a ditch after November delivered its worst monthly spanking since March. The Fed's emergency jawboning last Friday stopped the bleeding, but it also reminded everyone how thin the ice still is.

VIX hit April highs.

AI got ratio'd.

Tariffs spooked the algos.

And yet... green candles everywhere, like nothing happened.

🦃 Thanksgiving Week = Binary Setup

The tape doesn't lie — this week moves in phases:

Wednesday (Today)

Low-volume grind.

Expect a slow +0.5–1% drift while half of Wall Street is already at the airport.

Thursday

Markets closed.

Crypto decides Friday's mood.

Friday (Half-Day)

Pure coin-flip chaos.

1 PM close = liquidity evaporates.

One BTC flush or pump and equities swing 3–5% in an hour.

🔑 Key Levels That Decide Everything

SPX 6650 → Santa Rally lives

QQQ 510 → Tech leadership intact

NVDA $150 → AI story still alive

Nasdaq 21,000 → The line between glory… and the 20k gift shop

Lose these levels → trap.

Hold these levels → melt-up potential.

📈 My Stance: Selectively Bullish

Earnings still growing double digits

Fed pivot is real

Wealthy clients are buying equities at record pace

But at 22× forward earnings, perfection is already priced in.

One bad headline and the trap springs shut.

So the playbook:

✔ Load the dips with real buyers:

GLP-1 kings (LLY, NVO)

Stable defensives

Selective AI that isn't parabolic junk

✔ Trim the weaklings:

Anything that only worked in melt-up mode.

🎯 Melt-Up or Dead-Cat?

I'm leaning melt-up,

but with an extremely tight stop.

Your move? Bullish or bearish into the holiday?

Not financial advice. Trade wisely, Comrades! 🐯🚀