rotation started
This is a pre-live session market update in 30 seconds for the free & paid subscribers.
WLGC Session 174 (Week 51, 2024) will start on 17 Dec 2024 (Tuesday), 8 pm (GMT + 8).
You can click here for more details about the weekly live session.
Market Update in 30s
A rotation into the Nasdaq 100 has been unfolding for 2 weeks while the Dow Jones and the Russell 2000 pullback. The S&P 500 is holding up well.
Technology (XLK), communication (XLC) & consumer discretionary (XLY) sector show outperformance.
Bitcoin broke above 100k psychological level and is moving to test higher targets as per the analogue (Nov 2020) discussed in the past 3 sessions.
Plan: Continue to manage the existing positions (prefer to switch to position trading) and look for entries for bottoming and bitcoin theme stocks.
During tomorrow’s live session, we will also discuss Nasdaq, Russell 2000, Dow Jones, Gold, Silver, Bitcoin, Dollar Index, exciting chart development, and the trade entry setups with decent rewards to risk.
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Disclaimer: The information in this presentation is solely for educational purposes and should not be taken as investment advice.