Success is a game of choice where you control the odds by your enthusiastic, persistence and drive. — Thom Goolsby
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Here at Charting Wealth, we focus on the reality of price movement by following trends. We teach you a simple and effective method to read stock, ETF and crypto charts, keep your emotions in check and learn when to buy and when to sell. Charting is your road map to the market and the riches it can offer.
Forget the hype you see and hear in the financial news media. They are selling products in print ads and commercials. Focus on what is real, no matter how hard it can be to believe! Otherwise, you become a sucker or worse, a slave, to the delusion someone else wants you to believe.
Use the lessons we teach every day to accurately chart any stock, commodity, ETF and cryptocurrencies. We give you daily, real life lessons with the four ETFs we track: S&P 500, NASDAQ 100, 20-Year Treasury Bonds, Gold and Bitcoin. We have all the tools you need to learn how to trade.
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At ChartingWealth.com, every day the market is open, we chart the S&P 500, NASDAQ 100, Gold & Bonds. In just a few short minutes, we give you a valuable training update and quickly review the trends we see taking place in the market. At the end of every week, we give you an overview of what happened over the last five days and what’s on the calendar for the next trading week.
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Navigating Market Tides: A Reflection on Success and Persistence
As we close another trading week, with a nod to Nelson Mandela’s insightful words, “It always seems impossible until it’s done,” we delve into the nuances of stock market trading. This week’s market activities, though subtle in their variations, underscore the critical role of enthusiasm, persistence, and drive in shaping one’s trading journey.
The S&P 500, marking an uptick of 0.20%, has triumphantly entered its seventh consecutive week of growth, attesting to the robustness of staying power in trading. This steady climb, reaching a new high of 4759 from last week’s 47373, is a testament to the rewards of diligence and a keen market sense.
The NASDAQ 100 also mirrors this sentiment, recording a 0.50% increase for the day and surpassing its previous week’s peak. This consistent upward trajectory, despite the day’s average volume, reflects the resilience and adaptability required in the ever-evolving market landscape.
In contrast, 20-year U.S. government bonds experienced a slight pullback of 0.46%, a reminder of the market’s inherent fluctuations. However, the bonds still managed a higher high this week, reinforcing the importance of a long-term perspective in trading.
Gold, with a modest rise of 0.44%, presents an intriguing scenario. Approaching a previous resistance level, gold’s movement poses a critical question: Will it break through or revert? This uncertainty underlines the importance of strategic thinking and readiness for varied market outcomes.
Bitcoin, though showing a minimal increase of 0.12%, continues to intrigue traders. Its performance over the past few weeks, characterized by highs and subsequent leveling off, exemplifies the volatile nature of cryptocurrency trading and the need for a tactical approach.
As we bid farewell to this trading week and gear up for the final week of the year, the markets offer valuable lessons in perseverance and strategic foresight. The journey in trading, much like life, is about continuously adapting, learning, and persisting through challenges.
On behalf of the entire team at Charting Wealth, we extend our warmest wishes for a Merry Christmas. May your trading endeavors in the coming week and the new year be marked by informed decisions, steadfastness, and success.
