Market Newsletter - Week of Dec 27, 2021
Get an inside look of what's to come in the market this week and what stocks to watch out for!
LAST WEEK TO JOIN AT THE OLD PRICE!
HAPPY HOLIDAYS!!!!
First and foremost, I wanted to take a minute and say Happy Holidays! The next time our newsletter goes out will be in 2022!! As we come to close on what was a rollercoaster of a year in 2021, lets not forget the good, the bad, the ugly, and the most memorable times. Lets not forget how far we have come as HUMANS and as individuals! Cheers to an amazing 2021, and to an even bigger and better 2022
Happy Holidays and Happy New years From INVESTR TRADES!
⚠️ 🚨 HOW TO FIND TRADING PATTERNS 🚨 ⚠️
In this video I discuss what some of my favorite patterns are and how I go about coming across these patterns to trade! An essential key to being a successful trader, is everything we do LEADING up to the actual trade. Prepping, preparing, planning is the most vital ground works before we actually initiate the trade!
LAST WEEK IN REVIEW
Many people were still pretty fearful coming into the week! However, as I have always said, “LEVELS ARE KEY”. In last weeks newsletter we talked about the importance of the 50MA and how vital it will be to maintain and close above that if we are going to attempt higher. We also discussed the possibility of a pull to the 454/448 level! Once we hit those levels and popped back above the 50MA and closed, it was good bye from there, and here we are near ATH… AGAIN!
Here is a look at some of the sectors for the last week and how they performed:
MARKET OUTLOOK
We saw the market give us 4 solid days of green and push into this ATH resistance of 470.68 (ATH being 473.54). After such a straight move up, I do expect some consolidation or pull back before taking a full crack at that 473.54 level. History has shown that the weeks leading up and a few days after the new year the S&P actually moves about 1%. However, we must again, focus on levels. Resistance up here is the 470.68/473.54 these levels would need to clear if we are going to expect a higher move!
QQQ has a very similar story here, with the last 4 trading days being a straight push up coming into this resistance area of 398.5/401. I expect a similar game plan for the Q’s. After such a big move, we need to either consolidate or pull back a little before attempting for another leg higher here.
UPCOMING IMPORTANT MARKET EVENTS:
Wednesday:
7:00AM EST - Mortgage Rates/Applications
Thursday:
8:30AM EST - Jobless Claims
9:45AM EST - Chicago PMI
UPCOMING EARNINGS FOR THE WEEK
Some Exciting Earnings to watch:
CALM, FCEL
BIO PHARM CALENDAR FOR UPCOMING WEEK
None
MOST ACTIVE STOCKS FRIDAY:
STOCKS TO WATCH GOING INTO NEXT WEEK
$PFE - with the pill approval being announced, eyes are on PFE to see where the next move is. Its at a vital area. under the 58.30 we can see further flush and over the 60.50 can give it a nice push.
$ROKU - Some positive sentiment coming into this one recently. consolidating nicely here. over the 239 can push it higher, under the 222.20 it pulls down to the 209
$TSLA - A massive push up and now back above both MA’s. Most recent tweets by Elon could have had a affect on this stock as well. over the 1070 level. TSLA has nice room to move towards the 1115/1170
$RBLX - There have been some rumors about TSLA introducing RBLX games into their system. ww to see if we get momentum in the name because of this.
SOME MEMBERS SUCCESS LAST WEEK