🎅Santa set to Flip the Stock Market?

The indexes held key levels today on the heels of higher than expected consumer confidence. The forecast was for 101 and the actual was 108.3. Consumer confidence is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. Higher readings point to higher consumer optimism. This was the highest reading since April. The increased demand in retail will keep prices steady or elevated. This is the opposite of what we want to being inflation down. Thew indexes rallied on this headline. When we rally on bad news it is usually a sign of bullish sentiment. Tomorrow we have the GDP forecasted at 2.9%. GDP has moved the indexes wildly in 2022. Tomorrow at 8:30 am has the same probability. SPY holding the $380 level is good. We saw several names in the industrial space rally. For key levels on the SPY and several new ideas watch tonight’s video. I cover the indexes, Microns earnings, why the move in TSLA is just beginning and several other names that are setting up to break out such as BA CROX CAT. Let’s do this!

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