Stocks

December 15, 2023

Trading Competitions: Week 3 Recap

Stocktwits’ third week of trading competitions ended today, so let’s recap how it went. 👇

This week’s competition was a tight one, with CtheLightTrading snagging the second spot for the third consecutive week. HeyShoe also took the third spot where he sat in week one. Clearly, the two of them are in contention for that top spot, so we’ll keep an eye on them in future weeks. 👀

But, they were unable to knock Fritzi off the top spot, with his bullish bets on the tech sector and broader market paying off. Congrats to him on a nearly 80% gain, and extra kudos for posting all of his trades in real time on his stream. 🤩

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

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Stocks

December 29, 2023

How The Markets Performed In 2023

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. 👇

First, let’s start with the tech-heavy Nasdaq 100 index. The chart below shows that the index had one of its best rolling 12-month total returns in decades, rising 55%. The actual total return index also hit new all-time monthly closing highs, reiterating that bulls took back the momentum this year in a big way. 🤩

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Stocks

February 9, 2024

Industrials Sneak To New Highs

While everyone is focused on technology stocks, another market sector has been performing quite well. That sector is industrials, which includes everything from aerospace & defense to machinery, ground transportation, and more. 🏭

The cyclical sector is also a widely-watched proxy for how investors feel about the economy. After all, if the economy is going to grow, these types of companies are needed to help produce, ship, and deliver the goods. And right now, investors are apparently bullish on their outlook because sector ETF $XLI broke out to new highs late last year and hasn’t looked back. 📈

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Stocks

December 29, 2023

How The Ultra-Wealthy Fared In 2023

Just as 2022 was a challenging year across the board, 2023 was a great one. Let’s check in to see how the ultra-wealthy are set up heading into the new year. 👀

The Bloomberg Billionaires Index indicated that the net worth of the wealthiest 500 people soared by $1.5 trillion this year, recovering all of the $1.4 trillion lost in 2022. That came despite fears of recession, elevated inflation, higher interest rates, and geopolitical turmoil as markets (and the economy) climbed the “wall of worry.”

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Stocks

February 12, 2024

Nvidia Tops Amazon

It seems like Nvidia is hitting a new milestone every day, so why would today be any different? 🤷

This morning, we saw a massive squeeze in shares of Arm Holdings, which soared more than 40% before pulling back midday. That led to other semiconductor stocks rising alongside it as investors’ optimism around the sector continued. 📈

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Stocks

January 2, 2024

Traders’ Updated S&P 500 Roadmap

Just because the calendar changes dates doesn’t mean the market’s trends do. As such, now seems like a great time to update the S&P 500 roadmap many traders used throughout 2023. 🗺️

Below is a two-year daily candlestick chart with a few key indicators. The first is the 200-day moving average (blue), which traders use to track the long-term trend in the market. The next two are the anchored volume weighted average price (AVWAP) from the market’s 2022 highs and 2022 lows. Traders use this to track how the average buyer/seller has fared in the market from a specific date.

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Stocks

December 5, 2023

Apples Reminds Us Who’s Boss

If you needed any more evidence that the stock market bulls are back in control, Apple added to the conversation today. 🗫

The consumer tech giant closed back above the $3 trillion market cap line for the first time since August, cementing its place as the only company to do so. 🤩

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Stocks

January 10, 2024

Japanese Stocks Continue Shining

One of the world’s best-performing stock markets of 2023 is starting the new year with fresh highs. As measured by the Nikkei 225 index, Japanese stocks reached their highest since the 1990s as investors speculated that the Bank of Japan would delay plans to end its ultra-loose monetary policy. 🕰️

Recently, a devastating earthquake in central Japan caused widespread damage in the region and will likely weigh on the country’s already slow economic growth. As a result, the government is expected to outline fiscal stimulus efforts to help support the rebuilding process.

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