To The Moon

Quite certain that last Fri (02 Dec) sentiments have filtered thru into ytd's (05 Dec) trading.

All 3 indexes opened on a "high" that quickly dissipated mere minutes into trading. 

Throughout the day, its sideway trading in downwards trending movement.

By the time market closed :

Mkt perf 05 Dec / Pre-mkt indicators 06 Dec

Summary :

• DJIA : -1.48% (-482.78 to 33,947.10).
• S&P 500 : -1.79% (-72.86 to 3,998.84)
• Nasdaq : -1.93% (-221.56 to 11,239.94).  Weakest performer of the day !

Gains since last Wed all gone, almost !

Literally, gains from last Wed's trading (30 Nov) have all evaporated into thin air, just like that.

Is it time to get back to the drawing board again to plan & re-strategize ?  What do you think ?

Or is now the most "optimum" time to look for bargains as a long-term investor ?

On the ground, sentiments are that both Wall Street & Funds houses will be taking to more statistical reports that will be coming out progressively this week - for signs & directions.

It is for cetain that the Fed will be reading into these reports (and many more ...) as well, during their Blackout week; away from the media in preparation for their last convening meeting on 13 & 14 Dec 2022.

Will the Fed change its mind and go for a last 0.75% hike instead of the socialized 0.5%, with the latest Non-Farm payroll report out last week ? 

This seems to be at the top of everyone's mind as well.

Honestly this might just be what the doctor has ordered so as to start year 2023 on a "refreshed" slate no ?

Afterall all suppporting data seems to suggest that the US economy might just be able to withstand the interest hike policy, up until now ?

Tesla on 05 Dec 2022

As for Tesla $Tesla Motors(TSLA)$ , its -6.37% fall contributed to Nasdaq's downwards spiral; not so much Apple $Apple(AAPL)$ for ytd's trading.

While there has been deny (unvalidated truth?) that its "best performance" giga factory in Shanghai is not reducing EV output; a look at Tesla's moving averages for 200-days, 50-days, 20-days and 5 days are all "above" its current price.

Doesn't look good.  It certainly does not help too that mr musk continues his socially-destablizing tweet that is getting more and more polarizing & alienating. 

Could this be the reason why some supporters are bailing while still ahead ?

Wonder will it lead to eventual shutdown of Twitter ?

I am still out looking for a bargain (if any) in the Energy stocks sector.  Believed that potentials are there :

• $Occidental(OXY)$ 
• $Chevron(CVX)$  - take over operational control of a key Venezuelan oil-processing facility.  Good sign, no ?
• $Cheniere(LNG)$  - waiting for the spill over effect from Oil price increase.

Any stock/s that you are looking at this week ?  Wanna share in below Comments section ?  Thanks.

Please "Like" this post, ok ?  Thanks in advance.  The rating is important and a motivation.  Thanks thanks.

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