Stock & Crypto Markets Going into December 2024
Stock-Markets / Financial Markets 2024 Dec 02, 2024 - 05:26 AM GMTBy: Nadeem_Walayat
Dear Reader
It's your lucky day, you get access to my most recent market brief -
Stock & Crypto's Market Brief 1st Dec 2024 - (6pm UK Time)
Folk keep messaging me that Bitcoins down, Solana's down, Doge is down and if they are now a good buy, I reply "dude you're a year late to the party!"
Stocks and Bitcoin take a breather as alt coins pump hard into December. S&P 6032 on course for a bull run into January to north of 6100 with my big picture target for 2025 of 7200 to 7800.
BTC marched all the way to $99.9k, all but fulfilling my expectations of 2 years ago to target a trend to $100k before the end of 2024 when Bitcoin was trading at $16.5k, virtually at the very bottom of the bear market (https://www.patreon.com/posts/stocks-analysis-75218863).
Next objective on the menu was to trade to $134k by June 2025 as of October 2023 (https://www.patreon.com/posts/last-chance-to-91691207).
However, making paper gains is the easy part, the hard part is to exit the crypto casino with ones winnings, instead the casino will want you to keep adding more and more and more and more all the way into the top and then add even more during the drop that will always be a buying opportunity because of course this bull market is only just getting started given that Bitcoin is heading for $1 million, DOGE to $10 and so on..... Why you selling dude? You are so early! That's how it will go for most....
CRYPTO EXIT STRATEGY
By now folk should have -
1. WITHDRAWN $ amount they originally used to buy crypto's with from accounts and not even think about adding fresh cash to accounts.
2. Have banked at least some profits. Each time crypto's trade to new bull market highs more sell limit orders get triggered.
3. Have limit orders in place to continue to scale out, leaving approx 10% without limits to ride up and probably all the way down.
And that's how one wins at crypto's.
The bottom line is this, just as one had to get the job done to accumulate crypto's now folk need to get job done by exiting the casino, unfortunately most are infected with the hindsight virus which is why most will give back all of their paper gains.
Stocks Portfolio Brief
Capitalised on dip buying opps in Nvidia, AMD, ASML, AVGO, KLAC, AMAT, QUALCOM....
EGF's and other metrics updated, here's a quick look at the state of NONE AI stocks metrics.
RDFN - Worsening - lower buy limits and earlier range sells
BABA - Very strong - look to add more
MGNI - Very strong raise sell limits
Roblox - Worsening look to trim due to chance of a dump, so closer sell limits
SYNA - Looking strong
DIOD - Finally looking strong
CCJ - Worsening - look to trim more during the bull run
ALB - Disastrous earnings - look to trim on opp
FCX - Weak look to trim on opps,
OXY - Weak look to trim on opps,
FSLR - Very strong - look to add more
WDC - Strong performance - up exposure and maintain it
GFS - Big improvement, so hold for profits to trim into
LOGI - Strong earnings, buy more, raise sell limits
ULH - Worsening earnings - take opp to trim hard as it could drop hard
Spreadsheet link - PATRONS ONLY
ETA for my next article is before Tuesdays open will comment closer to time of posting.
Your analyst binge spending some of my crypto profits on Black Friday junk including on a Bambu Lab P1S AMS to 3D print even more junk I can't buy!
Nadeem Walayat
For immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $7 per month, lock it in now at $7 before next rises to $10 per month for new sign-ups. https://www.patreon.com/Nadeem_Walayat.
Most Recent Analysis - Stocks, Bitcoin and Crypto Markets Get High on Donald Trump Pump
CONTENTS
America's Angry Grandpa President
Trump War on Immigration WAR!
Trump Tariff Economic War
DONALD DEBT PUMP!
Trump Stock Market Road Map 2025
Why Apple Stock Refuses to Drop!
Nvidia Stock on a Stairway to Heaven Counting Down to Earnings
AI Stocks Portfolio Current State
Current Stocks Portfolio Buying Opps
Crypto FOMO Mania
Bitcoin Seasonal Trend
BItcoin Bull Market Target
Bitcoin Mind Game $98k to $104k Topping Zone
Bitcoin Bull Market Targets Redux
ALT COINS SEASON
SOLANA Bull Market Targets
Bitcoin & Crypto Corrections
MSTR Rocket Will Eventually Get Sucked Into the Crypto Black Hole
Exit Strategy - Leaving the Crypto Casino with Your Profits
The CURE for Diabetes!
Recent analysis includes -
Bitcoin Break Out, MSTR Rocket to the Moon! AI Tech Stocks Earnings Season
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump!
Stock Market October Correction Window Into Post US Election Rip the Face Off the Bears Rally
Also access to my comprehensive 3 part How to Get Rich series -
Change the Way You THINK! How to Really Get RICH Guide
Learn to Use the FORCE! How to Really Get Rich Part 2 of 3
The Investing Assets Spectrum - How to Really Get RICH
It's simple, you pay $7 and you get FULL access to ALL of my content -
※ Patrons Get FIRST access to all of my In-depth analysis and high probability Trend Forecasts, usually 2 full months before the rest of the world. Notified by Patreon by email as well as posted on my patreon page and I also send a short message in case the time extensive email does not make it to your inbox.
※Access to my carefully constructed and maintained AI Tech Stocks Portfolio that is updated on an ongoing basis, that includes on going commentary and a comprehensive spreadsheet that features unique innovations such as the remarkably useful EGF's.
※A concise to the point Investing Guide that explains my key strategies and rules for successful investing.
※ Regular content on How to Trade & Invest incorporated into most articles so as to keep patrons eyes on the big picture and not get too sucked into the noise of price swings.
※ Access to my comprehensive How to Really Get Rich series of articles and 3 part guide, clear concise steps that I may eventually form a Patrons only ebook.
※ Access to conclusions from my ongoing market studies from a total of over 200 conducted studies over the decades. updated whenever the market poses a question to be answered. Also enjoy the fruits of R&D into machine learning such as the CI18 Crash indicator that correctly called both the pandemic crash (Feb 2020) and the 2022 bear market (Dec 2021) well before the fact.
※Join our community where I reply to comments and engage with patrons in discussions on a daily basis.
※ I will also keep my Patrons informed of what I am currently working on each month.
※ Influence over my analysis schedule.
My objective is to provide on average 2 pieces of in-depth analysis per month and regular interim pieces of analysis as market briefs. So over a 12 month period expect to receive 24 pieces of in-depth analysis. Though my focus is on providing quality over quantity as you can see from the extent and depth of each analysis which I deem necessary so as to arrive at that which is the most probable market outcome.
So for immediate access to all my analysis and trend forecasts do consider becoming a Patron by supporting my work for just $7 per month. https://www.patreon.com/Nadeem_Walayat lock it in before it next rises to $10 per month for new signup's.
And ensure you are subscribed to my ALWAYS FREE newsletter for my next in-depth analysis.
Your buying the dips selling the rips analyst.
By Nadeem Walayat
Copyright © 2005-2024 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.
Nadeem Walayat has over 35 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.
Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.
Nadeem Walayat Archive |
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.
