To The Moon

The U.S. non-farm payrolls data exceeded expectations and the unemployment rate fell, inspiring investors' optimism about the soft landing of the economy, and the main index of U.S. stocks extended its sixth straight week of gains, the best performance since November 2019.Data from the US Department of Labor's Bureau of Labor Statistics (BLS) showed that non-farm payrolls increased by 199,000 last month, above market expectations of 185,000, after a gain of 150,000 in October. Most of the job growth came from areas such as health care and government, while a protracted strike in the auto industry that ended in November led to an increase in manufacturing positions.Average hourly earnings, a key measure of wage growth, rose 0.4 percent after rising 0.2 percent in October and also above fore

Make sure you know these 5 charts for trading the SPY for next week 1. Most think we a recession is coming when we are in fact in the "initial recovery" phase and a powerful expansion is about to happen in 2024.Image2. We are in the early cycle phase of the business cycle in our opinion. Image3. There is a 98% probability the FEDS are going to keep rates the same next week and CUT rates in March 2024. This is extremely bullish.Image4. December on average will close strong into the end of the year. Buying calls on dips and pull backs is the best strategy in our opinion.Image5. $SPDR S&P 500 ETF Trust(SPY)$ still faces a lot of headwinds and resistance up here above $460, but overall I think we close strong on the upside for next week.ImageSource

The Week AheadMacro Factors - The final Fed meeting and inflation data is on deskThe last Federal Reserve meeting and the latest inflation data of 2023 is on deck in the week, and investors will be keen to look for signals on when the central bank may start to cut interest rates, as stocks try to finish the year off on a high note.The market is overwhelmingly expecting no change to rates. Fed officials' latest projections for the economy and interest rates will offer clues into the future path of monetary policy.On Wednesday, Powell is likely to signal his continued commitment to bringing down inflation in his press conference. Traders will also get clarity into the path of potential future easing from the dot plot, or the Fed’s projections for 2024. In fact, the CME Group’s FedWatch tool