Thanksgiving Week Recap and Market Outlook

November 26, 2023 - Update

Because of Thanksgiving last week was characterized by very low activity. Nonetheless, the Equal-weight SP500 closed on the green and keeps trading within the consolidation box as shown below:

Notice how the weekly MACD indicator looks ready to cross from below the signal line. If so it would be a bullish sign for the short term. Let’s see what happens this coming week.

The Nasdaq is the stronger index and is approaching the highs of the year very soon:

The 10-year treasury yield did not move significantly:

Also, the price of Oil is still below all key moving averages, which bodes well for the inflation number of November.

All in all, the market seems to be in a position to keep grinding higher towards the end of the year. Let’s see what happens.

PORTFOLIOS

10X SMALL-CAP POT

Both STNE 0.00%↑ and MIRM 0.00%↑ were triggered last week. Now below is what my Small cap momentum portfolio looks like. Thanks to the great performance of ML 0.00%↑ so far the portfolio is back to positive territory.

I raised my Stop Loss for Money Lion ( ML 0.00%↑ ) :

I am not doing anything else this week. Have a great week ahead!

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Important: This is not investment advice. Consult a licensed financial advisor before making any investment decision.