$Invesco QQQ Trust-ETF(QQQ)$ hit all time high. Santa is in Town.
$SPDR S&P 500 ETF Trust(SPY)$ saw an inflow of $20.8 billion on Friday, the largest inflow in history.
The top 10 companies of the $S&P 500(.SPX)$ continue to rise on Tuesday.
Question for tigers?
Are you still holding on to rising stocks to save your Christmas present?
Will the $S&P 500(.SPX)$ reach 5,000 before the end of 2024?
Or is a pullback on $S&P 500(.SPX)$ still expected?
Some comments:
The pullback can happen in any moment, but as posted a moment ago, the market is ripping, the weekly charts are not overbought yet, not even like on July.
Worth watching the $Cboe Volatility Index(VIX)$ , which is about to see a squeeze, pointed out by the grey arrows, and also the 20DMA has rejected price many times.
So ripping based on the previous SPX weekly analysis or declining based on the current VIX chart?
A bearish setup needs confirmation so far.
Depending on risk tolerance, stops have to be considered jut in case.
Daily tracking is key.
In addition to popular or trending stocks, do you also keep an eye on stocks that are bottoming out?
For example: $United Continental(UAL)$ , $Enphase Energy(ENPH)$, $Estee Lauder(EL)$ , $Prenetics Global(PRE)$
If you donโt want to hold or trade shares, you can also buy short-term money funds with fixed returns in Tiger Vault.
Comments
Yes, I believe most of us still holding on to the rising stocks for a fabulous Christmas gift from the underlying stocks. Following yesterday pullback, I think I will probably lock ๐ partial profit into my pocket first. After such a significant rally, a healthy pullback is unavoidable before setting up for the next rally. [Call] [Call] [Call] [Call] [Call] [Put] [Put] [Put] [Put] [Put]
For S&P, I do believe it is possible for it to hit 5000 dollars by end of 2024. It might be challenging with several rally and pullback in between, but 5000 is just a matter of time. In addition, with the improving economical situation, 2024 will be a great year for equities market I feel personally. [Bless] [Bless] [Bless] [Bless] [Bless] [Chuckle] [Chuckle] [Chuckle] [Chuckle] [Chuckle]
For such, I am long-term bullish for the major index like $S&P 500(.SPX)$
How do you think? Do leave you comments below and join the event with us, guys!
@TigerStars @CaptainTiger @MillionaireTiger @TigerEvents @TigerClub @TigerSG @Tiger_comments @TigerPicks
Yet there are lots of Chinese stocks bouncing up today! Time to switch from U.S. to China mkt buying the dip while locking profit [Thinking]
$Cboe Volatility Index(VIX)$ bouncing up abt 9% aft long time of pulling back consider a lot
Tigers, what do you think? come share!
The markets never move in a straight line but over time the US indexes do. $Invesco QQQ Trust(QQQ)$
Is up 52% year todate while $SPDR S&P 500 ETF Trust(SPY)$
Is up 22% year todate.
My strategy is to buy quality stocks like $Apple(AAPL)$
$Microsoft(MSFT)$
$Amazon.com(AMZN)$
$NVIDIA Corp(NVDA)$
on dip and hold long term. Just imagine if I was to buy any of the Magnificent 7 in January this year, I would be sitting on a pot of gold!
Santa just got stuck in a traffic jam today but I am sure he will be in time for a massive Christmas Rally and it is Jingle Bells All The Way to 2024!
@Tiger_SG @TigerStars @TigerClub