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- Weekly Stock Market Journal 12.03.23
Weekly Stock Market Journal 12.03.23

💡Top Tweet of the week: (click to watch)
NEW: Former CNN host Chris Cuomo appears to be open to voting for Donald Trump in 2024 over Joe Biden.
Things are so bad that a Cuomo brother is open to voting for Trump. Wild times.
During the interview with @PBDsPodcast, Cuomo said that at least under Trump, people didn't… twitter.com/i/web/status/1…
— Collin Rugg (@CollinRugg)
4:44 PM • Nov 30, 2023
Providing these snippets from X allows you to understand the economic sentiment.
“I am not a legislator but I AM running one of the coolest companies in the world, and I’m telling young people: you are breathing the vapors of a dangerous, fake, and self destructive religion when you are sitting at your elite school pretending because you watched Tik Tok twice… twitter.com/i/web/status/1…
— Tom Nash (@iamtomnash)
6:26 PM • Dec 2, 2023
In essence, Alex Karp, CEO of Palantir, is challenging the credibility of certain individuals, particularly those with strong academic backgrounds but whom they perceive as lacking practical understanding or real-world experience.
The reference to "breathing the vapors of a dangerous, fake, and self-destructive religion" is likely a metaphorical way of expressing concern about what the speaker sees as misguided beliefs or behaviors.
ON-TAP
Sunday read served for breakfast.
Russia & Ukraine Discussions
The worldwide economy remains at risk.
Is NVDA stock still a winner? Healthcare Stock Sector
Trading Thoughts
Swing Trade Levels + Trade Ideas + Last Week’s Trades (upgrade to get trade alerts)
ECONOMICS
Russia & Ukraine Discussions
The worldwide economy remains at risk.
Contrary to the optimistic reports of an imminent resolution between Russia and Ukraine, the global economy remains in a precarious state, and the complexities surrounding the conflict persist. The situation between Russia and Ukraine is far from straightforward. While there may be hope for a resolution, the current phase of the conflict indicates a challenging reality.
Ukraine is facing serious challenges, such as running low on supplies and dealing with low morale. Both sides are grappling with the harsh consequences, with Ukraine taking a significant hit.
This new phase could be Ukraine’s acceptance of defeat.
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STOCK INSIGHTS
$NVDA

A.
(Pic A) In the short term, NVDA has been in a tight range between 500 and 420s. A substantially wider range than most companies. 438 (yellow line) intraday could create support IF we get there; otherwise, we may revisit the lower range.
What has NVDA told/showed us?


On a technical level, It showed us that this 140 area in 2022 was a very good entry for investors. In 2023, the 260-280 zone was very crucial. If rates are not cut and, in fact, raised, this 280-350 could be tested long-term.
Fundamentally, here's a great read on their growth and possible future concerns.
One thing that sticks out is, with so much AI technology, how will NVDA continue to separate itself from competition like Broadcom (AVGO), Taiwan Semiconductor Manufacturing (TSM), Alphabet (GOOGL), Alphabet (GOOG), Oracle (ORCL), Microsoft (MSFT)
Top Healthcare Companies

By Forbes advisor
They have a long list that you can view here, but I outside of these top 3, Pfizer Inc (PFE) is also great. View the full list.
—
Other Healthcare Companies:
Cigna’s and Humana’s Merge?
A New Product That Hit My Timeline!
The shed-sized CarePod clinics are autonomous “AI doctor’s offices” where patients can privately get checkups or assess their heart health, mental health, cancer risk, kidney health, and other vitals, according to startup Forward. Memberships start at $99 a month. The service doesn’t bill insurance, so there are no co-pays or unexpected bills.
Read full details here
This could be something worth diving into later this week!
Banking Destruction List:
Citigroup
Layoffs
"The actions we're taking to reorganize the firm involve some difficult, consequential decisions, but we believe they are the right steps to align our structure with our strategy," the bank said in a separate statement.
Iowa is experiencing bank closures and JP Morgan and Wells Fargo are still dealing with investigations.
Read more about the top news in the banking world HERE
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TRADE ALERT 🚨 RECAP
TRADING CHAT RESULTS
Our golden play was /ES long:

As you can see, we keep our gains big and our losses small.
$TSLA went from $190 to $450
/ES gave us a total of 22 points when all are added together. That equals $50 per point. Total of $1,100 per contract.
We did cut $ILLY (not listed, and $SPX). Our /Mes trade was very small, trading /mes instead of /es.
Did you make money in the stock market this month? |
Weekly Insights:
Powell Speaks

With all that is going on in the economy last week Powell and other guest speakers were very straightforward mentioning it is not promised we start cutting rates. Keep in mind the market did not believe him as it traded higher and closed above 4600 on the week!
“We are not confident,” he said, that the Fed’s benchmark rate is high enough to steadily reduce inflation to its 2 percent target. “If it becomes appropriate” to raise rates further, “we will not hesitate to do so,” Powell added, suggesting that for now it isn’t ”appropriate” to increase its benchmark rate.
Important Date: Friday December 8th, Jobs Report! Does the data show we hold rates longer at the highs? Who knows? Powell does. If job reports continue to get weaker the feds may gain confidence to cut rates.
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