"Study the past if you would divine the future." | Confucius

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Today’s Stocks, Bond, Gold & Bitcoin Trends, Tuesday, December 12, 2023

by Charting Wealth in Daily Chart Review

11

Dec

2023

by in Daily Chart Review

https://youtu.be/c3JAdHt6KR8

Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort. — Franklin D. Roosevelt

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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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We urge you to “Follow the charts, NOT the noise!” and want to help you follow the market and improve your knowledge of stock and ETF movements.

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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.

DISCLAIMER: We offer NO advice and make NO claims to expertise of any kind. This site is dedicated to knowledge and education through our stock chart training, reviews and other information — nothing more.

 

Finding Joy in the Achievement of Market Analysis

Franklin D. Roosevelt once said, “Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of the creative effort.” This quote beautifully encapsulates the essence of market analysis. It’s not just about the financial gains; it’s about the joy and thrill found in the process – the art of understanding and navigating the markets.

For those of us who love the market, it’s about the excitement of tracking and trading, the sense of accomplishment in mastering complex patterns and trends. This passion is crucial; without it, success in this field is fleeting. Remember, it’s not about how quickly you learn, but about sticking with it and embracing the journey.

Looking at this week’s market, we observed a mixed performance. The S&P 500 and NASDAQ 100 were up, with the S&P 500 showing a slight peak above last week’s high. This indicates a potential upward movement, but with caution, as the NASDAQ 100 didn’t reach its previous week’s high and showed more signs of weakness.

Bonds started off the week with an upward trend, but it’s too soon to determine if they’ve reached their peak. The last few weeks have been favorable for bonds, showing the importance of keeping a close eye on these trends.

Gold, however, has started the week on a weaker note, continuing a downward trend from last week. This shift, especially after a strong performance the previous week, highlights the volatile nature of gold and the need for vigilant market analysis.

Bitcoin experienced a significant drop, down by 6.95%. This sharp decline, especially after a strong week, underscores the unpredictable and dynamic nature of cryptocurrency markets. It’s a reminder of the importance of volume analysis, a key aspect we emphasize in our training.

In market analysis, happiness and fulfillment come from the process itself – the intellectual challenge, the learning, and the growth. It’s about finding joy in each step, whether it’s interpreting a complex chart or making a successful trade.

To our Patreon members, we hope you’re finding value in the resources provided, including our weekly vertical crossovers and the three-wave trades. And for all our subscribers, we’re committed to providing insights and training to enhance your market analysis skills.

As we approach the festive season, let’s remember that the true joy in market analysis lies not just in the financial rewards, but in the journey of learning, growing, and achieving.

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