Stocks

December 8, 2023

Trading Competitions: Week 2 Recap

Stocktwits’ second week of trading competitions kicked off on Monday and ended today, so let’s recap how it went. 👇

Before we get to this week’s top trader, we want to recognize CtheLightTrading and ricericebaby111, who are both in the top ten for the second straight week. And as a matter of fact, were in the second and third spots with double-digit gains. 👏

But, they were unable to unseat ChipBrommer, who took an early lead on Monday with a bearish options trade on Spotify that he outlined on the streams in real-time. His hot streak continued throughout the week and ended with a nearly 300% gain. 🤩

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December 29, 2023

We’ll have to wait and see how next week’s competition shakes up; make sure to join or follow along before things get started on Monday! 🗓️

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Stocks Reverse From All-Time Highs

For seemingly no good reason, the stock market experienced its first bout of volatility in several weeks today. The sharp turnaround had some latecomers to the party asking how this could happen to them. As such, it seems like a good time to update our handy S&P 500 roadmap we’ve shared throughout the year. 🗺️

The last time we checked in on this was in early November when stocks found support at a confluence of “technical” levels that many market participants were watching. Since then, it’s been quite the wild ride, with the S&P 500 rallying over 16% in about eight weeks and approaching its all-time highs from 2022.

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As our article about the ultra-wealthy showed, 2023 was a great year for assets (especially the publicly traded ones). Let’s take a quick peek at how things panned out. 👇

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