The markets opened higher on Monday and almost immediately moved lower. This week could be choppy and traction-less, with a two-day Federal Reserve meeting on deck and a quadruple-witching expiration on Friday.
Check out today's top stock trades:
Top stock trades for today No.1: Ford
$Ford Motor(F.US)$ stock made a major breakout on Friday, rallying almost 10% on the day and closing near the highs. On Monday, it was quite the opposite with shares down nearly 5%.
For now, the stock is stuck below the $20.50 breakout level. I want to see Ford hold above this level.
We saw a dip from the long-term 261.8% extension and for me, that's not too surprising. However, if it can hold above $20.50, I believe bulls will remain in control.
That leaves the $21.25 level in play. Above Friday's high, and the $23 level is on the table. That's the 261.8% extension of the current range.
Top stock trades for today No.2: AMC Entertainment
Meme-land is getting crushed today, with $AMC Entertainment(AMC.US)$ down more than 15% on the day. $GameStop(GME.US)$ didn't fair too well either, falling almost 14% on Monday.
The action in AMC stock is not too surprising. Shares were putting in a series of lower highs over the past few months. Then the $33 to $35 area failed as support, while the 200-day and 10-day moving averages turned to resistance.
Now taking out the recent low, AMC stock is testing down into the monthly VWAP measure. I wouldn't hang a two-week salary on this level holding, but if we get a bounce, see how AMC stock handles the $29 level.
If it continues lower, let's see how that former high near $20 acts. Just a few days ago I said this level could be in play, although it didn't seem like it at the time. Below that could put the 21-month and 50-month moving averages on the table.
Top stock trades for today No.3: GameStop
I'm not much for tooting any horns — particularly my own — but this morning I also noted that GameStop looked vulnerable after last week's close.
Below the third-quarter high now, GME stock is looking to find its footing. If it can reclaim this level, see how it handles $159, which was the prior week's low and the breakdown point in recent trading.
If the mid-$130s doesn't act as support, the 21-month moving average may be up next near $115, followed by a potential test of $100.
Over $159, and GameStop still has its hands full, as a number of moving averages loom overhead.
Source: InvestorPlace

$Meta Materials(MMAT.US)$ People say you're trash, so you're quiet and quiet; ah, speechless

The Federal Reserve holds its two-day meeting on Dec.14 and 15. If the Fed decides to taper its bond purchases more quickly, it could also begin to raise interest rates faster. Investors will be closely watching for the Feds new interest rate forecasts.
There are three topics that investors would focus on.
Firstly, the central bank is expected to discuss speeding up the end of its bond-buying program.
ING says, With no opposition raised by other Fed officials, despite the uncertainty presented by the emergence of the Omicron variant, next week’s meeting look set to see the Fed announce an acceleration in QE tapering, with a $30bn reduction for January (to $60bn of purchases) and a further $30bn reduction in February.
This would mean the Fed wrapping up the programme by the beginning of March, leaving the Federal Reserve with $8.8tn of assets on its balance sheet.
Secondly, Investors will be closely watching for the Fed's new interest rate forecasts -- especially Dot Plot.
If the Fed decides to taper its bond purchases more quickly, it could also begin to raise interest rates faster.
“The Fed is running out of time,” said Tom Graff, head of fixed income at Brown Advisory, in a phone interview. “These inflation reads need to show a clear deceleration, or they’re going to wind up hiking as soon as the tapering is over.” Graff said he expects the Fed may raise its benchmark interest rate three times next year, potentially beginning as soon as April.
Economists at Bank of America expect the dot plot to show two rate rises in 2022, and six across 2023 and 2024. Michael Feroli, chief US economist at JPMorgan, said the Fed could proceed at a faster clip, with one more rate increase tacked on to each year.
(If you don't know how to analyze Dot Plot, you could read my another article: Analyzing Dot Plot and Understanding How the Fed Forecasts
Last but not the least, investors would pay attention to what Powell says.
With Jerome Powell having suggested that the “transitory” description of inflation should be “retired”, there are also going to be additional changes to the accompanying statement. They will acknowledge the upside surprises for inflation and the tighter jobs market but are set to keep the line “longer‑term inflation expectations remain well-anchored at 2 percent” even if the consumer survey evidence and break-even inflation rates on Treasuries, are less categorical.
p.s you could find more opinions from CNBC, Yahoo Finance, Bloomberg, etc.
$Dow Jones Industrial Average(.DJI.US)$ $Nasdaq Composite Index(.IXIC.US)$ $S&P 500 Index(.SPX.US)$ $Invesco QQQ Trust(QQQ.US)$ $NASDAQ 100 Index(.NDX.US)$

$Alibaba(BABA.US)$ $KraneShares CSI China Internet ETF(KWEB.US)$
Baba has closed green today. The sellers had trouble even trying to keep baba in the red with the low volume selling. Buyers are stepping in now and we can already see the demand overpowering supply here with low volume day as there is basically no more supply.
Those who wanted to sell, already sold. Those who wanted to take profit already did. The rest are waiting for higher prices. Past 3 days were signs the sellers were weak and buyers were about to take over. We saw that today and it should continue on Monday as well.
Overall US indices has finished their pullback and now heading to new highs with SPX leading the way today. China has also switched focus to economic growth instead of clampdown and will make economic growth their priority in 2022 after all the regulatory fines in 2021.
This are signs the Kweb etf should start recovering from here which I mentioned 39 should be it's bottom. It has yet to break 43.40 which was the resistance to show the 39 drop was the spring. But it should as soon as next week.
However fomc next week will still be the topic in focus. But it should all already be priced in like today CPI 6.8% data.
As always, trade safe & invest wise!
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The stock market's rapid rebound is good news for ETF traders who've sunk a record $1.5 billion on a high-octane tech bet.
With the $NASDAQ 100 Index(.NDX.US)$ surging on Tuesday and Wendsday, it looks like vindication for investors who poured into the $ProShares UltraPro QQQ ETF(TQQQ.US)$ en masse in the Friday rout.
What is TQQQ?
$ProShares UltraPro QQQ ETF(TQQQ.US)$ is one of the largest leveraged ETF that tracks the $NASDAQ 100 Index(.NDX.US)$. The index is focusing on large international and U.S. companies in the technology, health care, industrial, consumer discretionary, and telecommunications sectors. TQQQ uses derivatives and debt to increase the returns to investors.
The fund, which uses options to deliver three-times the benchmark's performance, is among market leaders after cratering last week thanks to the Federal Reserve's hawkish tilt and concerns about the omicron variant.
Flow data, which arrives with a one-day lag because of the way the fund settles, showed investors added an unprecedented $1.47 billion at the end of last week. More than $13 billion of shares in TQQQ had changed hands in the session as it slumped 5%.
Higher interest rates make so-called growth stocks less appealing because much of their value is linked to potential future earnings, which are less attractive if yields are high or rising. Nonetheless, betting against the tech giants has rarely paid off. The likes of $Apple(AAPL.US)$ and $Microsoft(MSFT.US)$ still dominate their industries, while investors often rush to the safety of the mega caps at times of economic doubt.
As a leveraged fund, TQQQ is intended for short-term trading. Yet such is the power of Big Tech, an investor who stayed put in the last five years would have seen the ETF return almost 1,500%.
Source: Bloomberg, Investopedia

$Lucid Group(LCID.US)$ no worries, buy the dip

Tuesday, December 7, 2021
By Danilo
$Moderna(MRNA.US)$ $CarMax(KMX.US)$ $Air Products & Chemicals(APD.US)$ $Merck & Co(MRK.US)$