Odds & Ends Market Talk: Dec 11-15
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Rob Friesen and Dave Singh discuss Odds, trading setups and considerations for the week of December 11-15. Recorded on December 10, 2023.
In this edition of the StockOdds, Odds & Ends Podcast, hosts Dave and Rob delve into a comprehensive analysis of the stock market, preparing listeners for the upcoming trading week. The episode begins by examining the S&P 500 (SPY), noting its recent achievement of a new closing high and discussing the potential for further growth. The focus then shifts to the NASDAQ (QQQ's) and its recent movements, including a brief pullback and subsequent momentum gain.
The Dow Jones Industrial Average (DIA) is highlighted for its significant strength compared to other indices, while the Russell 2000 Index (IWM) is noted for its volatility and modest gains. The hosts then review sector performances, with energy and technology sectors taking the spotlight for their contrasting week-long behaviors.
The podcast also discusses market and sector ETF performances, drawing attention to the lower relative volumes and potential implications for trading. A detailed map of the market is provided, showcasing the performance of key companies and sectors throughout the week.
Seasonality for December is a significant theme, with a focus on the potential soft spot mid-month, especially leading into the third Friday. The hosts discuss the implications of the Federal Open Market Committee (FOMC) meeting on December 13th and how it might influence market trends.
The episode also covers the economic calendar for the week, highlighting important events like the core CPI report, core PPI, and the FOMC interest rate decision. The potential impact of these events on market sentiment and trading strategies is thoroughly analyzed.
Finally, the podcast touches on recent news, including Macy's buyout offer, Cigna's decision regarding Humana, and earnings reports from major companies like Oracle and Adobe. The hosts conclude with strategic insights for navigating the week's trading, emphasizing caution and preparedness for the FOMC announcement and market expiration.
Tune in to this episode of the StockOdds, Odds & Ends podcast for a detailed and strategic analysis of the stock market, offering valuable insights to help traders navigate the complex financial landscape in the week ahead.
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