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Sabtu, 30 November 2024
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Thanksgiving Market Resilience: Bulls Feast, Opportunities Ahead
A Sneak Peek Into Belanger’s Premium Market Moves—Get a Taste of the Insider Edge Thanksgiving Market Resilience: Bulls Feast, Opportunities AheadOptions Insider Weekly Report - November 30, 2024
Dear Insider, Thanksgiving isn't just about food and family; it's also a time filled with history—some of it quite unexpected—that ties into the stock market. One fascinating story comes from the Panic of 1869, where the economy was in turmoil after the infamous "Black Friday" gold panic. Just as markets were reeling, Cornelius Vanderbilt, the "Commodore," stepped in. Instead of focusing solely on his gains, Vanderbilt organized a Thanksgiving feast for thousands of struggling New Yorkers, offering them food in a time of crisis. This tale reminds us that even in chaotic markets, resilience and generosity often find their way. Similarly, this week, the markets showed resilience of their own. Here’s what we’ll dive into this week:
This Week in Stocks: Bulls Feast During Thanksgiving WeekThanksgiving week brought a festive mood to the markets, with the bulls carving out fresh gains. Despite a shortened trading week—with markets closed for Thanksgiving and an early close on Friday—the S&P 500 reached new all-time highs, closing at 6,032.38, up 0.6%. It felt like November itself wanted to end on a celebratory note—marking a 5.7% gain for the month, the best month of 2024.
The bond market had its own Thanksgiving twist. Treasury yields dropped, with the 10-year yield closing at 4.178%. Traders are increasingly betting on a December rate cut, with the CME Group's Fedwatch tool pointing to a 66% probability.
The dollar, which had shown strength early in the week, reversed course, contributing to the broader sense of easing market conditions.
Bitcoin made its own headlines, proving that even during a holiday week, it can steal the spotlight. Hovering near the $100,000 mark, Bitcoin experienced sharp swings—a steep drop followed by a swift recovery. It’s a reminder of the unpredictable excitement that comes with crypto, like that one dish at Thanksgiving dinner that’s either a hit or a miss, but never boring.
Gold, on the other hand, saw a sharp selloff on Monday, continuing its volatile journey. The yellow metal has been playing its role as a hedge, but the sharp movements this week added to the uncertainty. Investors still see value in gold, especially with inflation and geopolitical concerns not far from mind.
The VIX (Volatility Index) dropped to 13.51, helped by a ceasefire deal between Israel and Hezbollah, which brought some much-needed calm to geopolitical tensions. This drop in the VIX signals reduced market fear—at least for now—as we approach the holiday season.
This week was all about managing expectations and making the most of a condensed trading schedule. The bulls kept control, riding on positive sentiment, and now the question is whether this momentum can be sustained as we close out 2024. Trade Lessons: Letting Trades Work—Microsoft's U-Turn BurstThis week’s market action provided an important lesson in patience and the power of calculated risk—especially highlighted by our recent Microsoft (MSFT) trades. Closed Trade: Microsoft’s U-Turn Burst Trigger Delivers 50% On November 7th, we entered a position on Microsoft using our proprietary U-Turn Burst Trigger. Initially, the stock moved against us, dipping by 2%—a typical move that could cause many traders to panic. But this trade was all about trusting the process. We knew the setup was solid, and we had accounted for the worst-case scenario with a defined-risk strategy. Patience paid off. Over the last few days, Microsoft shares climbed, and we locked in a 50% profit in just 19 days. ... Subscribe to Belanger Trading to unlock the rest.Become a paying subscriber of Belanger Trading to get access to this post and other subscriber-only content. A subscription gets you:
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