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Stock Market Santa Rally to S&P 4600+

Stock-Markets / Stock Market 2023 Nov 28, 2023 - 08:01 PM GMT

By: Nadeem_Walayat

Stock-Markets

Dear Reader

It's your lucky day! You got access to my latest stock market brief that are usually only exclusively made available to patrons.


Stock Market Brief 28th November 2023 (12.30pm UK Time)

There is nothing in sight that suggests the Santa clause rally that started before Halloween is not going to continue into the end of the year, probable price pattern is for the next 2-3 weeks to be a bit volatile, i.e. we should see some sort of correction to take the S&P back below 4500 into Mid December with catalysts such as tax loss selling and the CPI report which will act to prime the fuse for the real santa rally spurt higher into the end of the year, likely to a new bull market high i.e. above 4610 over those 2 final weeks of the year, as those bears who shorted the minor dip die, we could even see 4700 breached!

This means Morgan Stanley's Mike Wilson has 5 weeks left to hit his 2023 target of 3900! Can he do it and claim victory just before the clock strikes midnight? I know, I know, they ALL got 2023 very badly wrong just as they ALL got 2022 badly wrong! But they will soon be busy coming out with their forecasts for 2024 as if they have any clue what they are doing, Mike, MIKE! MIKEYBOY! Save yourself a lot of grief and just become a Patron! It's only $5 bucks man! For that you would have been on the right side of the 2022 bear and the 2023 bull and for what's to come during 2024.

Talking about 2024, once "How to Really Get Rich Part 3" is complete that is going to be a ton of work to do to clear the fog that is the future with my target date for posting being Christmas day.

Whilst the mists of time are thick, my current stance is that 2024 should be another bullish year for stocks vs where they are today at 4545. Obviously if the S&P FOMO's to something daft like 4800 then that 2024 bull is going to find it tough to trade much higher than that, but in advance of a ton of work, I see the S&P at least attempting to break above 5000 as being probable, maybe during April, which is as far as I can see through the thick fog that is the future.

Bottom line stock market is overbought, it needs to unwind this state over the next 2-3 weeks before it goes bananas to the upside.

HGR3 is coming so ensure you gave read parts 1 and 2 so that everyone is locked and loaded to GET RICH rich during 2024!

Change the Way You THINK! How to Really Get RICH Guide 2023

Learn to Use the FORCE! How to Really Get Rich Part 2 of 3

Part 3 will follow in a few days time >

For immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $5 per month, lock it in now at $5 as this will soon rise to $7 per month for new sign-ups. https://www.patreon.com/Nadeem_Walayat.

And gain access to my most recent analysis -

Here's what you get access to for just $5 per month -

※ Patrons Get FIRST access to all of my In-depth analysis and high probability Trend Forecasts, usually 2 full months before the rest of the world. Notified by Patreon by email as well as posted on this page and I will also send a short message in case the extensive email does not make it to your inbox.

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Access to conclusions from my ongoing market studies from a total of over 200 conducted studies over the decades. updated whenever the market poses a question to be answered. Also enjoy the fruits of R&D into machine learning such as the CI18 Crash indicator that correctly called both the pandemic crash (Feb 2020) and the 2022 bear market (Dec 2021) well before the fact.

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My objective is to provide on average 2 pieces of in-depth analysis per month and regular interim pieces of analysis as market briefs. So over a 12 month period expect to receive at least 24 pieces of in-depth analysis. Though my focus is on providing quality over quantity as you can see from the extent and depth of my analysis which I deem necessary so as to arrive at that which is the most probable market outcome.

For Immediate first access to ahead of the curve analysis as my extensive analysis of the stock market illustrates (Stocks Bear Market Max PAIN - Trend Forecast Analysis to Dec 2023 - Part1), that continues on in the comments section of each posted article, all for just 5 bucks per month which is nothing, if you can't afford 5 bucks for month then what you doing reading this article, 5 bucks is nothing, if someone did what I am doing then I would gladly pay 5 bucks for it! Signup for 1 month for a taste of the depth of analysis that cannot be beat by those charging $100+ per month! I am too cheap! Hence the price for new signup's will soon rise to $7 per month so lock it in now, $5 per month is nothing for what you get access to so at least give it a try, read the comments, see the depth of analysis, you won't be sorry because i do do my best by my patrons, go the extra mile and then some.

S&P

Targeting 4600 Mid Summer 2023 Top, followed by correction to 4100 into Mid October before a year end rally to 4450+

And ensure you are subscribed to my ALWAYS FREE newsletter for my next in-depth analysis.

Your cryptos accumulating analyst.

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2023 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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