💫 Ready for Santa Rally?🤶🎄

As we dived into Dec, hope you have profited from $S&P 500 Index (.SPX.US)$ $NASDAQ 100 Index (.NDX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ rally last week! $S&P 500 Index (.SPX.US)$ indeed retested last high and reclaim new top at 6044!

This week’s earnings reports will feature big names like $Salesforce (CRM.US)$, $Marvell Technology (MRVL.US)$, $RBC Bearings (RBC.US)$, $The Toronto-Dominion Bank (TD.US)$

$Salesforce (CRM.US)$ is expected to showcase its growth in AI and new moves into data security, while $Marvell Technology (MRVL.US)$ will focus on how AI is driving demand for its networking chips. Investors should watch for any surprises in these reports, as tech companies like $Salesforce (CRM.US)$ and $Marvell Technology (MRVL.US)$ see significant gains if their earnings exceed expectations. $NASDAQ 100 Index (.NDX.US)$ $Invesco QQQ Trust (QQQ.US)$

Meanwhile, $The Toronto-Dominion Bank (TD.US)$ and $RBC Bearings (RBC.US)$ face challenges due to legal issues, but both continue to grow in personal banking and wealth management. Canadian financials like Bank of Montreal will also report, so keep an eye on how these stocks perform amidst regulatory pressures.

As December kicks off, the stock market is riding high, with the $S&P 500 Index (.SPX.US)$ up 26% this year. Historically, December tends to be a strong month, so investors might consider taking advantage of the market’s upward momentum. $SPDR S&P 500 ETF (SPY.US)$ With the economy showing steady growth and positive earnings reports, some might continue holding onto their stocks, especially in $NASDAQ 100 Index (.NDX.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ and $Financial Select Sector SPDR Fund (XLF.US)$, which look poised for further growth.

Investor Strategies:

1.Focus on Tech Growth: Companies like $Salesforce (CRM.US)$ and $Marvell Technology (MRVL.US)$, which are leveraging AI, are well-positioned to keep growing. If earnings reports beat expectations, these stocks could offer good upside potential. Consider $NVIDIA (NVDA.US)$ $Tesla (TSLA.US)$ $Invesco QQQ Trust (QQQ.US)$ too!

2.Monitor Financial Stocks: While banks like TD and RBC are facing legal hurdles, their strong personal banking and wealth management sectors may provide long-term growth. Watch for any surprises in their reports, but a cautious approach to Canadian financials might be wise given the legal issues. $Financial Select Sector SPDR Fund (XLF.US)$
🎄 3.Capitalize on December Rally: Historically, December sees the highest gains for the $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ with less market volatility. Consider holding onto your positions or even adding to your portfolio if you’re bullish on the market’s continued strength. Santa Rally is coming!
4.Watch Economic Data: Keep an eye on key data releases like the November jobs report (due Friday), which will influence Federal Reserve decisions on interest rates. A positive jobs report could signal steady economic growth and support a continued bullish outlook. If the Fed is likely to maintain or ease its stance, it could be a good time to stay invested in growth sectors like tech and consumer staples.
5.Caution with Crypto: $Bitcoin (BTC.CC)$ Bitcoin is testing new resistance levels, with analysts eyeing a potential rally toward $100,000. If you’re into crypto, consider watching for a breakout above the $97,450 level, but be cautious as volatility in the crypto space can be high. $Coinbase (COIN.US)$

🔮🔮Overall, sticking with growth sectors like tech, monitoring financial stocks for opportunities, and leveraging historical trends in December could be effective strategies for investors this month.

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$S&P 500 Index (.SPX.US)$ is about to 🚀 with Christmas rally around the corner. $SPDR S&P 500 ETF (SPY.US)$ and likely to display strong momentum thru Dec. Range for the week 5950-6088. My predicted ATH is at 6088!

$NASDAQ 100 Index (.NDX.US)$ will retest last ATH of 21300, while range play of the week at 19800-21300.

2025 is coming in just 30 days! Capture the run well!

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

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Bear Bear Craig

Hi I’m @whyalwayschin. Investment Mantra: Swim with the big boys!

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