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- A November to Remember
Here is a quick recap of Markets for the month of November and how some of our swing trades did:
S&P 500 $SPY +5.96%
Nasdaq Composite $NDX +5.23%
Russell 2000 $IWM +11.07%
Dow Jones Industrial $DJI +7.54%
The S&P 500 continues making history this year:
Just hit its 53rd all-time high;
had its best month now up +27% YTD;
is on track for +20% annual gains for two consecutive years (first time since 1998).
Think you are too late to the party?
Here’s the S&P 500 Annual Returns since 1985:
33 green years. 7 red years.
Long-term wealth is built on red years.
Market drops are an opportunity for long-term investors —> you’re not too late.
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🚨Swing Trades Recap📊
(Blue arrows are our Buy alerts, Red arrows are sell alerts)
$SOFI: our swing from $7.92 tagged our $16.50 price target for +109% gain vs the SPY +6% in November.
Company ticker — price sold at — entry price — percentage gained
$PLTR: our swing from $24 traded through our $65 target for +167% gain. It had a huge month +61% so definitively vulnerable for a pullback.
Company ticker — price sold at — entry price — percentage gained
$RNA: our small cap biotech traded through our $50 target for +642% gain where we locked in some more profit.
Company ticker — price sold at — entry price — percentage gained
$TSLA: Tesla finally played catch up to the mega caps as they consolidate some. We are trading Tesla via TSLL (a 3x leveraged ETF) which tagged our $21 price target last week for +145% gain.
Company ticker — price sold at — entry price — percentage gained
$BTC: Bitcoin which has soared +40% in November continues to lead the “Trump Trade” trading to our 98,000 target just shy of the long awaited 100k.
$XRP: XRP swing finally caught some steam +390% as we locked in some gains on this big move higher.
If you are interested in trying out our swing trade alerts reply back or comment “Swing Trades” below for more information.
🗓 The Week Ahead 🧐
Monday, December 2nd - Friday, December 6th, 2024
Attention this week will be focused on:
Job Openings and Labor Turnover Survey (JOLTS) - labor market is expected to show job openings at a 7.490 million rate in October, up slightly from 7.443 million in September, as the job market remains remarkably resilient.
- The Labor Department's JOLTS report tracks monthly change in job openings and offers rates on hiring and quits. The reporting period lags other employment data including the employment situation report.Employment Situation Report - Forecasters look for a 200,000 rise in nonfarm jobs, a bounceback from October's shocking 12,000 figure that reflected temporary layoffs due to strikes and hurricane effects. The unemployment rate is expected to tick up to 4.2% from 4.1%.
- This report is a set of monthly labor market indicators based on two separate reports: the establishment survey which tracks 650,000 worksites and offers the nonfarm payroll and average hourly earnings headlines and the household survey which interviews 60,000 households and generates the unemployment rate.- Nonfarm payrolls track the number of part-time and full-time employees in both business and government.
- Average hourly earnings track employee pay while the average workweek, also part of the establishment survey, tracks the number of hours worked.
- The unemployment rate measures the number of unemployed as a percentage of the labor force
Most Anticipated Earnings this week
🚨Our Watchlist 👨🏫
$SPY: S&P 500 closed at all time highs last week after having a +6% November fueled by the presidential election results and “The Trump Trade” (sectors that benefit the most with Trump as president).
November and December tend to be very Bullish months for markets so here’s what we are watching to see if that rally continues this week.
SPY over 605 look for upward continuation to 610, 615 and 620. Under 598 pulls back to 595, 590 and 585.
$BABA: Alibaba has given back it’s entire move from the China stimulus news back in September when it went from $85 to $118.
Now even though China names are vulnerable to extreme volitialy in the short term with Trump’s tariff threats, the risk to reward is setting up nicely.
Over 90 look for a move to 95, 100 and 105 to start. Failure to hold 85 has room down to 83-80 and 75.
$SNOW: Snowflake reported great earnings and made an explosive +30%. It has been flagging since digesting its big move in a $175-$185 range: bullish above, bearish below.
Over 180 we can look for a move to 190, 200, and 210. Under 160 has room down to 150 and 140.
$LEN: Lennar Corp with the 10yr back under 4.30% we are watching the homebuilders sector to gain some momentum again.
Over 180 look for a move to 190, 200 and 210. Under 170 down to 165 and 160.
*None of these stocks above are recommendations to buy, sell or trade. We do not give financial advice, you should always do your own due diligence and practice proper risk management.*
If you are interested in seeing exactly how we are looking to trade these names reply back or comment Swing Trades below for more information.
We started a Facebook group in hopes of encouraging, inspiring and motivating others which is what the Mindset Money Matters brand is all about:
Encouraging others to:
To seek more → what fuels your passion
To challenge your mindset and look at things in a different perspective
To learn from each others experiences and be humble because we never know what someone else is going through
To uplift and want more from not only ourselves but those around us
If that aligns with you, I invite you to be a part of this movement and share it with whomever you think may also be interested.
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See you next week! 👋
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