The Market News To Get You Ready… (01/01/24)

This will get you ready to succeed this week…

First of all, I wish you a Happy New Year, trader 🎊

Now, let’s begin with the BEST information to get you started.

Technical analysis suggests that the market is bullish in the coming week.

• The SPY is currently in a strong uptrend, as it is trading above its 50-day, 100-day, and 200-day EMAs. The shorter-term EMAs are above the longer-term EMAs. The oscillators, such as RSI and the MACD, are also showing positive momentum. However, this also means that the SPY is vulnerable to a pullback or a correction.

• The QQQ is currently in a strong uptrend, as it is trading above its 50-day, 100-day, and 200-day EMAs. The shorter-term EMAs are above the longer-term EMAs. The oscillators, such as the RSI, the stochastic, and the MACD, are also showing positive momentum. However, this also means that the QQQ is vulnerable to a pullback or a correction.

Let's take a look at the ECONOMIC REPORTS and MY FAVORITE 2 SETUPS for this week:

NIO (OUTLOOK)

• Monthly Candle Complete. 

• Positive RSI Divergence. 

• MACD is Curling up here and looking for a move. 

• Morning Star Reversal is confirmed now and needs to break above 9 EMA at $9.60. Then, we can fill the gap to $10.23 on a daily.

• Delivery numbers were great and increased on all metrics: monthly, quarterly, and yearly. 

BLNK (OUTLOOK)

• Monthly Chart 

• Tweezer Bottom Setup

• Highest volume since 2020 and a higher low on the Monthly since 2020 as well. 

• We are rising on RSI, and MACD is Curling upwards... 

• I don’t think this run is over, it might just be getting started.

Now that we are done with the news, I want to tell you something.

IF YOU WANT TO BE surrounded by the best group of traders, everybody learning from each other and asking questions.

With credit spread and wheels strategies that work…

Without having weird ¨gurus¨ telling you what to do and blaming others if their prophecies don´t work.

Where you can make consistent money by also feeling like you are in a family…

Join BullTradeFinder Discord Group now.

Cheering for you,

BullTradeFinder.

Disclaimer: This newsletter is not trading or investment advice but for general informational purposes only. This newsletter represents my personal opinions which I am sharing publicly as my personal blog. Futures, stocks, bonds trading of any kind involves a lot of risk. No guarantee of any profit whatsoever is made. In fact, you may lose everything you have. We guarantee no profit whatsoever, You assume the entire cost and risk of any trading or investing activities you choose to undertake. You are solely responsible for making your own investment decisions. Owners/authors of this newsletter, its representatives, its principals, its moderators and its members, are NOT registered as securities broker-dealers or investment advisors either with the U.S. Securities and Exchange Commission, CFTC or with any other securities/regulatory authority. Consult with a registered investment advisor, broker-dealer, and/or financial advisor. Reading and using this newsletter or any of my publications, you are agreeing to these terms. Any screenshots used here are the courtesy of TradingView. The data, quotes and information used in this blog is from publicly available sources and could be outdated or outright wrong - I do not guarantee accuracy of this information.