Today's Top Trades

[Image] Hey , The official Santa rally continued on Tuesday as the markets moved higher across the board. The IWM led with way with a strong bullish candle which closed at the highest level since April 2022. The DIA has gone straight up since October with little to no retesting along the way. The last time the DIA shot straight up was one year ago in October 2022. After the big move, it consolidated and chopped sideways for 7 months before it made a new high. It would make a lot of sense for something similar to play out once again. If the SPY is able to move the average Santa Rally return of 1.32% over the next 5 days, that will take it almost exactly to the all-time high. With QQQ and DIA already making an all-time high in 2023, it would make sense for SPY to do the same before a larger retest comes in. The larger retest could be pretty volatile and violent but will likely still be a buying opportunity into 2024. SPY [Image]( Check out todays Top Trades Video below for more in depth analasis. [Image] The first stock chart we are going to review is Valaris Limited (VAL). It looks like crude oil put in a short-term bottom on December 13th and is pushing higher. If oil continues higher, oil companies will likely be bullish for the next few weeks or months. VAL, an offshore drilling company, has been consolidating and chopping sideways for the last two months. It just broke out of the consolidation on Tuesday with a strong gap and go. VAL closed above all moving averages on all large time frames and has formed a large double bottom on the daily chart. The double bottom neckline is around $70.48, which also is near the 100DMSA ($70.88) and the 50% retrace of Tuesdays long day candle ($70. 75). There are a lot of bullish patterns all coming together on VAL right now. If it breaks below $67.00, the trade thesis has been invalidated, however the stop could be higher for better risk reward. VAL [Image]( The next stock chart we are going to review is Micron Technology Inc (MU). MU has been trending higher all year long and has made great returns of 72%. MU just had earnings last Thursday, and the market loved them. It formed a beautiful gap and go into a bullish hammer candle on the daily chart. This is just after it had a bullish gap and go out of a bearish hammer on the weekly chart. MU’s chart looks amazing and has bullish momentum behind it. If the market keeps on grinding higher, MU could be a great one to keep your eye on since it still is 12% away from its all time high. MU Daily Chart [Image]( MU Weekly Chart [Image]( The other stocks we reviewed in this weeks Top Trade video were TSLA, DKNG, SGML, FCN, MMC, AJG, NE, OXY, AEHR, CHWY, & AI. Check it out below! [Image]( [Image](mailto:support@thetradersplan.com) Disclosure: You are responsible for your own trading decisions. ALWAYS, do your own research before investing in any of the above securities. This is not a solicitation to buy/sell ETFs or securities. NEVER invest money in ETFs or stocks that you can't afford to lose. You can lose all of your capital by trading any securities mentioned. These ETFs/securities are very volatile and gain and lose value quickly. We reserve the right to freely trade in any mentioned ETFs or securities. We are not compensated by any mentioned companies. We trade ETFs and securities based on our opinion of intrinsic/possible future value only. We are not registered investment advisors, so always do your own research before buying any securities. Unable to view? Read it [online]( If you no longer wish to receive mail from us, you can [unsubscribe]( Sent from: Real Life Trading in Nashville TN 37221