The Market News To Get You Ready... (12/04/23)

How are the trades, trader!?

First of all, I hope you had a very profitable week.

Let’s begin with the best information to get you started.

Technical analysis suggests that the market could be poised for a bounce in this week.

• The SPY is trading in a wide and weak rising trend, and this may normally pose a very good selling opportunity for the short term. However, the ETF holds buy signals from both short and long-term moving averages, along with other indicators, suggesting that the SPY may continue to rise in the next week, possibly reaching the 460 level or higher.

• The QQQ  is also trading in a rising trend in the short term. The ETF holds buy signals from both short and long-term moving averages. The ETF also has a strong momentum and a bullish MACD level. QQQ may continue to rise in the next week, possibly reaching the 400 level or higher.

Let's take a look at the ECONOMIC REPORTS and EARNINGS REPORTS for this week:

Earnings Reports (12/04/23 - 12/09/23)

This is all the information to get you ready for this week…

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Cheering for you,

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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 The data, quotes and information used in this blog is from publicly available sources and could be outdated or outright wrong - I do not guarantee accuracy of this information.