The SPY(SPDR… S&P500 ETF)… is Trending UPWARD – PLUS 4.32 for the week ending 12/23/2023.
Featured in the Commentary Section – in my LinkedIn MAG Commentary NL: Greg Mannarino-MUST**WATCH-LIVE! Lions AND Friend's... DO YOU Want TO BEAT THE FED. AT THEIR OWN GAME? Then Do THIS! Mannarino
The Market Algo Newsletter: 12/23/2023
The SPY(SPDR… S&P500 ETF)… is Trending UPWARD – PLUS 4.32 for the week ending 12/23/2023.
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Featured in the Commentary Section – in my LinkedIn MAG Commentary NL:
Greg Mannarino-MUST**WATCH-LIVE! Lions AND Friend's... DO YOU Want TO BEAT THE FED. AT THEIR OWN GAME? Then Do THIS! Mannarino
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(Market Forecasts & Geopolitical Commentaries) to stay current on global geopolitics – subscribe for free here: –
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I also publish this Featured story PLUS lots of my other Reddit stories as well in my Reddit Community!
To get up to the minute geopolitical news from around the world – subscribe to my Reddit Community – “End Ukrainian Genocide” here – Do it today - You can subscribe to it for free, here:
(36) Patrick OConnell (u/algoazpat0) - Reddit
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NOT Investment Advice! –
ONLY intended for educational purposes.
Do your own DD and invest at your own risk tolerance.
I may buy and sell, some, most, or all of the positions in my FOMO (fear of losing out) from time to time!
I look at the list as a sort of “long term” holding thing – but THAT can change depending on geopolitical events, global market conditions, health (or lack thereof) of the individual equity/ETF – or my own personal circumstances.
For Paid Subscribers: The FOMO List and DD Sources section is at the very bottom of the “Paid Subscriber” newsletter issues!
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The Market Algo Newsletter
I am not an investment advisor. Any financial information is for educational purposes only – NOT investment advice!
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Free: Join my Reddit Community to keep up to date on all things geopolitical around the globe and subscribe to my YouTube channel that features a weekly S&P 500 market forecast for the upcoming trading week:
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The SPY(SPDR, S&P500 ETF), is Trending Upward – PLUS – 4.32 for the past week ending on 12/23/2023.
In our opinion – not investment advice – The Bulls - yet again - will rule for the trading week ending 12/29/2023!
Warning – IMHO This is the continuation of yet another Sucker’s Rally – Although NOT investment advice- I must caution all of my subscribers to NOT be a bag holder when (not if) the rug pull manifests. Never underestimate the manipulation of the Fed! You have been warned!
IMHO we remain in a Bear Market –
These Bull rallies within Bear Market can last for weeks or even months! Be aware of this- Do NOT be a bag holder when the inevitable rug pull comes!
Be Aware – Be Awesome –
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For the upcoming trading week, ending on 12/29/2023, our proprietary algo forecasts the following potential trend for each of the following metrics – either Bullish or Bearish:
VIX index: has turned slightly Bearish!
VVIX index: has remains Strongly Bearish!
This is VERY concerning!
SPY index: has turned strongly Bullish – week-over-week! - swing traders and day traders – Take Note of This!
West Texas Intermediate – Crude Oil: has turned moderately Bullish!
However, as the US Dept of Energy plans to buy 3 million barrels of crude oil – for delivery in March 2024 – It is possible that WTI could remain bullish for a few weeks.
QQQ: remains moderately Bullish!
Copper: has remains slightly Bullish!
And of course, the VIX – SPY Correlation Variance” – has finally turned Bearish!
Meaning what? IMHO It means you should be VERY cautious in entering any long term bullish position for this week- at least!
We shall see how the upcoming trading week plays out.
NOT investment advice – as we are not investment advisors! Trade at your own risk. Do your own due diligence!
· * Welcome to yet another weekly ongoing Rally (IMHO - within the ongoing Bear market) folks! - Please refer to our “Warning-Warning – Warning” information below for more details!
Conservative traders & “Investors” – Please take note of our “Warning – Warning – Warning” information below!
So what?
So for the next week – the Bulls rule – once again!.
Our conclusion for the week ahead is that – our algo indicates that the Bulls – at least for the week ahead – are yet again in control.
For how long the markets will remain Bullish is anyone’s guess – Watch the Fed - Watch the Debt market in Treasuries--- THEY will be the canary in the coal mine – so to speak – as concerns the direction of the equity markets -IMHO of course – NOT investment advice!
The Takeaway:
Our SPY-VIX Correlation Variation metric - – confirms - at least from a purely technical point of view (notwithstanding “Fed manipulation” monkey business) – that this coming week’s trend – at least according to this metric - has now turned Bearish!
In our opinion bank runs are still ongoing- notwithstanding the massive printing of fiat money to “stem the run on banks”.
This is – of course - NOT investment advice – but fasten your seat belts - a bumpy ride awaits!
Swing traders and day traders will make money – the traders that are not nimble will be crushed, in my opinion!
For the past few months, we have been saying that we are entering a global depression, not so much a recession!
Let me know your thoughts on this - Patrick
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Keep in mind, Volatility is still very much with us!
Indeed, IMHO - The Bear Market is still very much still with us, as well!
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Please note, Concerning our “VIX - SPY correlation-variance ” metric: -
IF the VIX is trending DOWN. And the SPY is trending UP, for the most recent week of trading…then and only then will our VIX, SPY correlation-variance algo indicate a potential Risk-on, (Bullish) trend,… for the upcoming week,…
This indication of a potential Bullish trend, however, only happens,…currently,…on a very infrequent basis!...
· * Warning – Warning – Warning:
Dateline: 12/15/2023 - Since the Fed has implied they will not cut rates further, the public has responded with a mindless rush into equities AND – as Greg Mannarino points out- this week (the week of 12/18/2-23) - may be the harbinger of unimaginable bullish sentiment for ALL assets – equities- commodities – gold- BTC – you name it.
It will be “Argentina” writ large when the rug pull comes for the US economy- In mid-December 2023 - Argentina devalued its currency by 54%. They say they may dollarize their currency as well! What can possibly go wrong?
How would YOU feel – if you woke up one day and found your fiat currency devalued by 50% or more overnight?
It can’t possibly end well for the working classes.
Some say there is no longer a middle class in Argentina.
Can that scenario come to the US someday as well?
You have been warned! – This bullish trend can – and possibly WILL last for weeks and months- maybe even throughout 2024!
Time will tell. BUT follow Greg Mannarino – He will provide a warning as to when the epic rug pull by the Fed will be imminent! It may even be biblical – not just “epic”.
NOT investment advice, of course! I am not an investment advisor!
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The following information is for Paid Subscribers to The Market Algo Newsletter only:
FOMO List and DD Sources (at the bottom of this newsletter for paid subscribers only)
Please read the FULL DISCLOSURE notice at the very top of every issue of The Market Algo Newsletter (NL)!
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For paid subscribers:
My list (not inclusive) of my Due Diligence (DD) sources follows Only available to Paid Subscribers!
https://finance.yahoo.com
https://koyfin.com
https://americanbulls.com
https://stocktwits.com
https://barchart.com
https://macroaxis.com
https://armrreport.com/
https://finviz.com
https://themarketanalysts.com/
FULL DISCLOSURE: I subscribe to:
https://stockreversalspremium.com/
FULL DISCLOSURE: I subscribe to Howard Lindzon’s free newsletter:
https://howardlindzon.com
My FOMO List – I am NOT an investment advisor – NOT investment advice! Do your own DD!
Symbol Quantity I own Avg Price Remarks (may not be any remarks)
AOSL 10 59.93 Alpha & Omega Semiconductor Ltd = Semi stock
ASML 8 733.95 ASML Holding N.V. - semiconductor equipment systems - VERY LONG TERM HOLDING!
BABA 2 126.00 Alibaba Group Holding Ltd
BLDR 5 64.80 Builders FIrstSource, Inc
CORN 5 22.70 Teucrium Corn Fund
DBA 5 20.16 Invesco DB Agricultural Fund
DVN 5 51.00 Devon Energy Corporation (pays a Dividend)
ESTE 100 13.20 Earthstone Energy, Inc - VERY Volatile!!!
KRBN 5 51.70 KraneShares Global Carbon ETF - carbon Credits ETF
NVDA 12 312.83 Nvidia Corporation - volatile!
ON 13 70.08 ON Semiconductor Corporation = semi stock
PDCE 5 59.80 PDC Energy, Inc - energy
RJA 5 8.93 ELEMENTS-linked2Rogers Intl Commodity Index - Agricultural Total Return
Everyone have a wonderful trading week ahead! --- Patrick Oconnell -- Albuquerque, New Mexico
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And now – For something that will lift your spirit:
FYI - I use the pen name, Luna Maypole --- Patrick Oconnell:
Don’t miss Luna Maypole’s latest Chapter of
“NM-Kitty’s Meow Adventures” (written in the style of A.A. Milne – creator of the Winnie the Pooh Adventures):
Don’t miss Chapter 15:
The Forbidden Palace Chronicles – NM Kitty’s Battle in Beijing – Ch 15
A Feline Quest to Protect the Ancient Secrets of the Forbidden City
My NM-Kitty YouTube Playlist is located here –
check it out today:
Find “NM-Kitty” on page 1 of “Google Search”!
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Have you followed Aleph and Omega – The protagonists in my short story fictional series “The Fellowship of Dreams”?
Don’t miss the latest chapter (written in the style of #Tom Clancy):
Part 16 -
Uncovering the Shadows of Power in Beijing – Part 16
Aleph and Omega Go to China - the Forbidden City
Located at Lampshade of Illumination - here:
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And last but not least – don’t miss the latest chapter of my novel – that I have serialized in Lampshade of Illumination (a Medium Publication), “Abalon Rising – The Chronicles of Abalon and Abrixis – The Quest for Balance” -
My latest installment – The final chapter of the Prequel - is here:
The Chronicles of Abalon and Abrixis : The Quest for Balance — Chapter 4 — The Prequel
Unveiling Elara’s Origin and Inner Struggles on the Path to Destiny
The Prequel – Chapter4:
AI image of Elara - created by Patrick OConnell - using https://playgroundai.com