12/30/2023 Weekend Update

[Cobra]

Up 9 weeks in a row, the next week is down 1 out of the last 1.

[Cobra]

Migrate to new sever, so the site will be shut down at 12:00AM Dec 30, 2023: viewtopic.php?t=6072

[te_fern]

Over the holiday weekend, please take a little time to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449374

[Cobra]

Over the holiday weekend, please take a little time to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449374

Thank you.

The site is back, hopefully everything runs smoothly.

[Cobra]

$AAII bull - $AAII bear down a little which means retailers are cautious so maybe a good sign for bulls are retailers are not brainwashed yet.

[tsf]

For What It's Worth:

https://markets.businessinsider.com/new ... at-2023-12
These are the 4 reasons why Fundstrat's Tom Lee expects a stock market pullback to occur within the next few months.

https://markets.businessinsider.com/new ... ee-2023-12
The S&P 500 has soared 25% in 2023 to its current level at about 4,785, which is within 1% of Lee's initial 2023 price target.
In fact, his forecast came the closest to predicting the S&P 500 among the strategists tracked by Bloomberg.

Fundstrat's Tom Lee, who was one of the few bulls on Wall Street last year, is once again expecting a solid year ahead for the stock market,
with a S&P 500 price target of 5,200 for the end of 2024, representing potential upside of 9% from current levels.

[tsf]

Expect a stock market pullback in early 2024 for these 4 reasons, Fundstrat says
Dec 29, 2023
https://markets.businessinsider.com/new ... at-2023-12

[JFR]

SPY weekly.

Lots to like.

New all time high.

It can always pullback of course.

But this trader sees lots of wealth, ready to pounce on pullbacks and bargains.

Crash coming? Same logic: those with wealth will be ready.

Economy down? Nope. Despite Biden's unpopularity, the economy has done well during his tenure. Inflation is low. Growth is there. Jobs reports are up.

Bring on 2024. This trader would be happy for a pullback, or just keep on ''climbing the wall of worry.''

Best wishes in 2024.

Thank you, Cobra and all members.

[Trades w 2 Cats]

Welcome 2024!
It isn't just the individual investors, the B of A fund manager's survey is also up at the top of the bull level along with the new CNN survey. So markets knocking on the door for all time highs, sentiment is all on one side of the boat and the market has never had such a lopsided move where the magnificent 7 account for almost all the gains. Historically tops are broad curves, not sharp drops. We will see what happens, but at this point there isn't much history that shows a potential positive outcome. On the other hand the Fed has never been in this situation before.
So perhaps the slogan for 2024 could be "may you live in interesting times".

[BullBear52x]

Happy 2024! "May you make no silly mistake and stick to what work from the first day of trading to the last trading day of the year." Only price pays!

We are starting the year with bearish crossed on MACD. Trend is up, bullish consolidation phase, red line pivot is my line in the sand.

Swing setup: in the box, make or break. keep it simple.

Intraday setup: same school of thought, stick to what works. Peace and prosperous to all, let no one lose any money in this zero sum game.