Market Outlook - Dec 2023
Major indexes gained at least 8% last month! That’s super impressive! As a result, they all snapped their 3-month losing streaks. Adding on to that, the S&P 500 closed at its highest level of 2023!
What should we expect in December? Check out my latest video :)
Stocks covered in the video (technical analysis) – SPY, Apple, Tesla, Google + Option trades
What should we expect in December? Check out my latest video :)
Stocks covered in the video (technical analysis) – SPY, Apple, Tesla, Google + Option trades
From YouTube
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $Dow Jones Industrial Average (.DJI.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $NASDAQ 100 Index (.NDX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $Meta Platforms (META.US)$ $Microsoft (MSFT.US)$ $NVIDIA (NVDA.US)$ $Alphabet-A (GOOGL.US)$ $Apple (AAPL.US)$ $Amazon (AMZN.US)$ $Alphabet-C (GOOG.US)$
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lim gordon : so we gonna dump in Dec?
Cow Moo-ney OP lim gordon : Hmm sorry, I am not sure. I don’t have a crystal ball to predict haha![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
73413041 lim gordon : You don't have to lose it now. Maybe it's an opportunity.
OceansWave : From the last 2 trading days, the behavior is like a healthy pull back for some of the big tech stocks.. to form up for the rally at the last two weeks of the month..
Cow Moo-ney OP OceansWave : Possible. That would be an ideal situation in my opinion
OceansWave Cow Moo-ney OP : Still it’s better to watch first before going into any trade.. many would think for this current pullback it’s a put opportunity.. from what I see, it is pulling back and staying at a position to form an existing support before it rallies up.. what goes up will ultimately come down maybe in the 1st Quarter of the year and building an existing support is crucial, otherwise it will be a bottomless pit for any fall later