Odds & Ends Market Talk: Dec 26-29

Try the Top 10 Odds Swing Trade Ideas list here

Watch the latest video version of this podcast here

Rob Friesen and Dave Singh discuss Odds, trading setups and considerations for the week of December 26-29. Recorded on December 23, 2023.

In the "Final Week of 2023" edition of the StockOdds, Odds & Ends Podcast, hosts Dave and Rob offer a comprehensive analysis of the stock market as they prepare listeners for the upcoming trading week. The episode begins with a discussion on the S&P 500 (SPY), highlighting its sideways and choppy trading. They emphasize that despite appearances, the market doesn't necessarily have to roll over and fill gaps immediately, as it has been showing strength.

Attention is then given to the NASDAQ 100 (QQQ) and Dow Jones Industrial Average (DIA), noting their respective movements and trends. The Russell 2000 Index (IWM) is discussed for its significant growth in response to interest rate speculation and its best performance in the November to April period.

Sector performances are reviewed, with healthcare topping the list on Friday due to a merger boost. Basic materials also performed well, benefiting from the decline in the U.S. dollar. The week's standout sectors included communication services, boosted by Google and Meta, and basic materials.

Market and sector ETF performances are analyzed, highlighting the relative volumes and performances of ETFs like XLC and IWM. The hosts note the light trading volume in the past week and its potential impact on market dynamics.

A market map is provided, showing key companies and sectors, including the impact of a speculated acquisition on Synopsys and ANSS. The hosts discuss the risk associated with overnight positions, especially in light of elevated merger activities.

Bitcoin's stability is noted, alongside the U.S. dollar's decline and its impact on various sectors. The ten-year note's performance is highlighted in relation to Fed announcements and interest rate expectations. The VIX's movement and its implications for market volatility are also discussed.

Gold's market performance is analyzed, showing its stability amidst market fluctuations. The economic calendar for the week is outlined, focusing on housing data and jobless claims. The episode concludes with a discussion on seasonality in the market, particularly the strength in gold, real estate, and energy in the last trading days of December.

This episode of the Stock Odds, Odds & Ends Podcast provides a detailed and insightful analysis of the stock market, offering valuable guidance to help traders navigate the final trading week of 2023. The hosts emphasize the importance of understanding market dynamics and seasonality in making informed trading decisions.

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.