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This Week's Stock Ideas

Monday, December 18, 2023

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Money Machine Newsletter
Dec 18, 2023
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This Week's Stock Ideas
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Good morning everyone.

We hope you enjoyed the weekend and are ready to make money. Also, congrats to all of you who caught last week’s Big Money trades! AMZN has not hit our target yet, but stay in it as the setup is still valid and could hit this week.

One thing we absolutely love about trading is that there is never a dull moment. The markets were stuck just below resistance and ended up blowing right through those levels and are now approaching long-term resistance at all-time highs. Yup, all-time highs! Every analyst was talking about recession and a market collapse just a few months ago, but here we are. This is why we do our own analysis and follow the money.

Below is a monthly chart of the S&P 500, where you will notice that we are just a few points away from the all-time high in January 2022. After seven consecutive weeks of higher prices, the market seems to be running out of steam. Again, we are not predicting a crash, but the probability of new highs is reduced until we see a pause in price action. We must be very attentive here and stay nimble. Check out this week’s setups.

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