🩻 Week 49, 2024: Secret Inflation Data Revealed: Could One Report Spark a Market Explosion?

$100K Bitcoin Level Crossed: Is This Crypto Gold Rush Just Starting? ͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­ Forwarded this email? [Subscribe here]() for more [🩻 Week 49, 2024: Secret Inflation Data Revealed: Could One Report Spark a Market Explosion?]( $100K Bitcoin Level Crossed: Is This Crypto Gold Rush Just Starting? [𝐉𝐚𝐜𝐤 𝐑𝐨𝐬𝐡𝐢, 𝐌𝐈𝐓 𝐏𝐡𝐃](jackroshi) Dec 8 ∙ Preview jackroshi [READ IN APP]( To Smart Investors, We’re back with fresh, unbiased data for this week's US stock market. Super Important! - As [I predicted in April 2024,]( Bitcoin has crossed the massive psychological resistance point of $100k before the end of this year. - This week, I will publish an in-depth guide on how I use the Telegram Signals and my TradingView Indicator to make massive returns, as shown in the graphs I publish, or like [I made $5k last week in 3 days.]( The free weekly Podcast is here: [🩻 Week 49, 2024, The No-Fluff Sunday Stock Market Podcast]( [🩻 Week 49, 2024, The No-Fluff Sunday Stock Market Podcast]( [𝐉𝐚𝐜𝐤 𝐑𝐨𝐬𝐡𝐢, 𝐌𝐈𝐓 𝐏𝐡𝐃]( · 12:06 PM Read full story New Important Announcements: - [The True Price Indicator Alpha]( version is here. Beta coming out ASAP. - [The Signals on the Telegram Channel]( have been upgraded and now include AI News and Sentiment analysis in addition to Technical Analysis, Institutional Option Flow analysis, and Darkpool/Anomaly detection. - I have shown how I leveraged the [Telegram Signals to make $5k in 3 days.]( Outperformed SPY almost 5x over that timeframe. - I have written [the 4th lesson of the Hardcore Finance]( course this week. The whole 20-lesson course is included in every subscription to this newsletter. - I wrote a popular piece on the [US Economy Failing the Middle Class.]( As Always: - I have written a deep dive into last week’s market recap, my predictions for the next week, and an ELI5 (Explain Me Like I’m 5). - You can also find my typical quant data and the stock insiders’ significant buys/sells with my interpretation. - Every day, I post summaries of news relevant to Investors. I try to post about 30 minutes before the markets open and cover the last 24 hours of news. On the weekends, I post in the afternoon. Get my other daily newsletter for just $1/month or $10/year. [Anti-Clickbait News]( [A daily newsletter delivering news summaries stripped of sensationalism and clickbait. Non-partisan. For decision makers interested in Business, Finance, Technology, and US Politics.]( [By Jack Roshi]( [→ Today’s News ←]( 10-year performance of Fortress of Solitude portfolio of Solitude: 491.2% vs SPY: 203.03% This graph was generated by our friends at TradingView. [Did you know you can get 60% off the Premium plan forever, even though it's not Black Friday?]( [Fortress of Solitude 75 - The S&P500 Killer - My +500% 10-Year Portfolio]( [Fortress of Solitude 75 - The S&P500 Killer - My +500% 10-Year Portfolio]( [𝐉𝐚𝐜𝐤 𝐑𝐨𝐬𝐡𝐢, 𝐌𝐈𝐓 𝐏𝐡𝐃]( · Aug 17 Read full story My main stock portfolios showed fantastic results S&P500 Heatmap over the last week This graph was generated by our friends at TradingView. [Did you know you can get 60% off the Premium plan forever, even though it's not Black Friday?]( [Heatmap explained]( Excel data: [Download]( 20241207 213250 Stocks Discovery Heatmap 34.5KB ∙ XLSX file [Download]( This graph was generated by our friends at TradingView. [Did you know you can get 60% off the Premium plan forever, even though it's not Black Friday?]( *Also, by the way, the chart above shows precisely why you need the Premium TradingView plan in your life. Look into this: 📊 SPY Technical Analysis & Projections Double Bottom Formation (Early November) After a sharp decline and subsequent stabilization, SPY established a double bottom in early November. This pattern—often a precursor to upward momentum—delivered a high-probability entry at the neckline break. Its measured move target was reached with surgical precision, confirming the validity of the reversal. --------------------------------------------------------------- From Double Bottom to Bullish Pennant (Mid-November) In the wake of the double bottom’s realization, SPY consolidated into a bullish pennant, a classic continuation pattern in upward-trending markets. The tight coil of price action, accompanied by a mild volume contraction, hinted that market participants were regrouping for the next push. Upon breaking out from the pennant’s upper boundary, SPY surged. This breakout not only validated the preceding double bottom rally but also met its implied target area. The price respect for these geometric targets suggests the market’s internal logic remains orderly and technically adherent. --------------------------------------------------------------- Rising Wedge & Potential Retrenchment (Late November) As we moved further into late November, a rising wedge emerged—a pattern often signaling waning buying pressure amid a still-elevated price. While still bullish on a medium-term horizon, the wedge’s converging boundaries and moderating volume offered subtle warnings. A downside resolution of the rising wedge would not necessarily break the broader uptrend’s back, but it would likely enforce a meaningful retracement. Key reference points from the double bottom’s neckline and prior consolidation shelves would come into play as structural supports. --------------------------------------------------------------- Momentum & Market Internals Momentum oscillators remained elevated, though divergence on shorter timeframes suggests bulls may be running short on near-term fuel. Volume footprints hint that strong hands took profits near the rising wedge apex. Meanwhile, the Volume-Weighted Average Price (VWAP) from early November’s lows still resides comfortably below current levels, indicating that the longer-term cost basis of many participants remains favorable. These factors imply that while a short-term cooldown may loom, underlying accumulation has not collapsed. If key support zones (e.g., double bottom neckline) hold up, fresh momentum surges could occur as dip-buyers re-engage. --------------------------------------------------------------- Forward Projections & Strategic Considerations Scenario One: If SPY breaks down from its rising wedge, expect a controlled retrace—potentially filling minor price gaps or tagging the 50-day moving average. This would likely reset short-term oscillators and invite new buy-side capital. Scenario Two: If SPY invalidates the wedge’s bearish implications and punches decisively above the wedge’s upper trendline, it could trigger another leg higher, possibly aligning with a test of higher Fibonacci extensions or even year-to-date pivot points. Regardless of direction, the underlying structure suggests disciplined traders should watch the interplay between pattern completion targets, support inflection points, and volume characteristics rather than chase late moves. --------------------------------------------------------------- Bottom Line SPY has delivered textbook technical patterns over the last month, with targets reached and price logic respected. As the market transitions from a double bottom breakout to a bullish pennant realization and now navigates the nuanced signals of a rising wedge, the path forward hinges on how short-term corrections interact with well-defined support levels. Please send feedback and ideas using comments, PMs, or email. I answer all emails and PMs personally. No personal assistant BS here. And, as always — stay informed — and do your own due diligence, Jack the Signals Doctor, MIT PhD Weekly Market Summary: December 2– December 6, 2024 Executive Summary This week’s trading extended the year’s bullish narrative but with increasingly concentrated leadership. The S&P 500 and Nasdaq Composite hit multiple new record highs, largely propelled by a handful of mega-cap tech and growth names, while broader market participation thinned. Despite fading breadth, the Nasdaq surged over 3%, building on a three-week rally, and the S&P 500 rose about 1%. In contrast, the Dow dipped slightly, and mid- and small-cap benchmarks gave back some recent gains. Under the surface, strength in AI-related technology, cloud computing, and select consumer discretionary names offset weakness in cyclical and value-oriented sectors. Several major chip and software names impressed with earnings and guidance—Marvell, Salesforce, and Okta among them—feeding into the persistent enthusiasm for enterprises investing heavily in advanced computing and data center infrastructure. Apple and Amazon deepened their AI collaborations, Tesla’s political endorsements drew speculative interest, and a stunning leap by Bitcoin beyond the $100K mark spotlighted the continued appetite for speculative, growth-centric assets. At the macro level, a not-too-hot, not-too-cold November jobs report suggested the labor market’s resilience without sparking fresh inflationary fears, supporting the view that the Fed is likely to cut rates again at the December meeting. The Treasury curve flattened slightly by week’s end, as short-term yields edged down on rate-cut expectations, while long-term yields remained anchored. Dollar strength was intermittent, influenced by the incoming administration’s rhetorical flare on tariffs and the uncertain global currency landscape. Energy stocks floundered amid volatile oil prices and supply considerations, while financials and industrials struggled to gain traction as the market increasingly gravitated toward tech-driven growth stories. The overarching market tone was one of guarded optimism. Investors broadly embraced the idea of stable growth, contained inflation, and policy support, yet showed a preference for top-tier names, AI narratives, and growth industries with visible catalysts. As a result, volatility measures declined even further, indicating a willingness to stay engaged in risk assets despite stretched valuations and narrower leadership. In short, the market pressed forward into December’s final weeks with a heavy reliance on mega-cap shoulders. Detailed Analysis... 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