Odds & Ends Market Talk: Dec 4-8

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Rob Friesen and Dave Singh discuss Odds, trading setups and considerations for the week of December 4-8. Recorded on December 3, 2023.

In this December 3rd edition of the StockOdds, Odds and Ends podcast, join Dave and Rob as they provide an in-depth analysis of recent market trends and prepare traders for the week ahead. The podcast begins with a review of the S&P 500 (SPY) daily chart, noting its new closing high and discussing the potential for further growth in December. The conversation then shifts to the NASDAQ (QQQ's), observing its consolidation phase and the possibility of a rebound.

The episode also highlights the impressive performance of the Dow Jones (DIA), which has significantly surpassed its end-of-July highs, indicating a shift towards blue-chip stocks. The Russell 2000 Index (IWM) is also discussed, with its notable breakout from a recent trading range.

Listeners will gain insights into sector performances, particularly real estate's top performance due to expectations of stagnant or potentially lowered interest rates. The impact of the dollar's fluctuations on various market sectors, including basic materials, is also examined.

In-depth analysis of ETFs for December reveals mixed signals with some sectors, like energy, showing weaker trends. The podcast also explores stock seasonality for December, highlighting potential risks and opportunities based on historical data.

The economic calendar for the upcoming week is thoroughly reviewed, focusing on key reports that could indicate the health of the economy, such as the ISM Services report and various employment data. The importance of monitoring market behavior around 10 a.m. report releases is emphasized for effective trading strategies.

Finally, the episode previews upcoming earnings reports from major companies like AutoZone, Broadcom, and Lululemon, providing listeners with a comprehensive overview of factors that could influence market trends in the coming week.

Tune in to this episode of the StockOdds, Odds and Ends podcast for a detailed and strategic analysis of the stock market, offering valuable insights to help traders navigate the complex financial landscape.

Disclaimer: The views, thoughts, and opinions expressed in this video belong solely to the contributor(s). All future returns are hypothetical as market conditions can and do change. There is a very high degree of risk involved in trading. There is Risk of Loss. Past results are not indicative of future returns. StockOdds, Inc., its associates and contributors assume no responsibilities for your trading and investment results. The indicators, strategies, and all other information is for informational purposes only and should not be construed as investment advice. Affiliates, partners, and principals of StockOdds, Inc. may have a position for or against, or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.