The Trading UniversityThe Trading UniversityThe Trading University
The Trading UniversityThe Trading UniversityThe Trading University

Market Outlook for Dec 11th – Dec 15th 2023

Happy Monday TTU!

Good Morning TTU 
Remember when I said the market would CHASE us into the end of the year? SHOW ME THE MONEY!!!
This is what it looks like to be chased!! (Explaining this for the BETA males like Nate G who have never been CHASED! Bahaha)
End of October looked like this

By middle of November it looked like this

Double to 62%!
NOW we are above 80%! (SEE BELOW)

Remember, I work my #$$ off when nobody else wants something. The work is to protect me. If my timing is wrong, I am protected and will try again. When I #$!&$*g nail it… sit and watch the chase and play TA!
Last year I said 2023 would the year to build generational wealth. CHECK
Since August of this year I have been saying November would provide a rally. CHECK
Now I am saying that the last couple weeks of December will provide a Christmas Rally!
We already got long AMZN, AAPL, NVDA and some other great companies last week. Let’s just let em ride into year end and see if we can get that NAAIM up to 90-100%
All signs a go for the FED

If we do enter a recession, watch for this gap to widen on the 5-year CDS spreads. Many people are calling for $hIt to hit the fan next year and we fall into a recession. I would argues against that and say I am more worried about 2025 than 2024. But as always, I’ll follow whatever the data is telling me.

Next week we have CPI on Tuesday, Jobless claims on Wednesday, and then the FOMC statement on Thursday. This will bring a lot of volatility but I don’t expect much to change. I think Powell will focus on “returning rates back to 2%” and “lowering the balance sheet” and stress “higher for longer”


TTM look out!
AMZN – We are already in – not afraid to add
TSLA – stacked!
AXP – Stacked!
ROKU – stacked and FBD
MSFT & NFLX – 78
SHOP 195/130
LLY finally filled me on the long! You can see below that we crawled back into the trend and broke above VP.  Also has a nice daily and 195 TTM squeeze

CRSP VKTX gene editing approval
PARA – possible buyout – 2nd day play

Over ALL PE ratios
SP = 18.9 times forward earnings
Midcaps are trading at 13.9X
Small caps are at 13.2

 SPY from JJ:

TSLA from TomTom:
Continuing to expand my data absorption tracking China red folders. China had good inflation and PPI release on Friday evening. I would like to see TSLA close above 240 today in advance of tomorrow’s data. Any drops below that level and within the AscTri lower trendline will be good for entry to continue the AscTri pattern. If the pattern continues, we have a chance to break up to the top of the AscTri at 246.31 today or tomorrow. This will be the 3rd or more hit of this trendline so we have a chance to break through. With economic red folders tomorrow morning we may just chop today. I will look to continue to scalp and lower my cost basis for a potential good news release for tomorrow morning. Potential catalysts through the end of year: Deliver news for Nov and the quarter that points to YoY meet or beating expectations Overall market news ending the year, no more hikes, Fed economic red folders Sweden and Denmark delivery disruption (unionizing attempt of 130 employees) should only account for 2500-3000 cars this quarter. Combined they only received ~10,000 deliveries last year. Suppose we add Finland to the list the number tops ~11,500. Now if Norway gets involved, that is close to 21,000 a year bringing the total to 32,500 for a year but ~8,125 a quarter. -There is a secondary concern regarding aluminum parts from Hydro Extrusions supporting Berlin factory. If Metal union applies enough pressure to Hydro and they have employees strike, then we see a larger potential impact to Berlin production rates.

Economic News Schedule
We have CPI tomorrow morning! 

Earnings This Week

 Have a great week!!

Leave A Comment

Choose Demos Submit a Ticket Purchase Theme

Pre-Built Demos Collection

Consultio comes with a beautiful collection of modern, easily importable, and highly customizable demo layouts. Any of which can be installed via one click.

Business Construction
Business Coach
Finance 2
Corporate 1
Corporate 2
Corporate 3
Business 1
Business 2
Business 3
IT Solution
Tax Consulting
Human Resource
Life Coach
Finance RTL