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

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Today’s Stocks, Bond, Gold & Bitcoin Trends, Wednesday, December 27, 2023

by Charting Wealth in Daily Chart Review

26

Dec

2023

by in Daily Chart Review

https://youtu.be/jgtE-Rvg0ns

Success is the child of drudgery and perseverance. It cannot be coaxed or bribed; pay the price and it is yours. — Orison Swett Marden

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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.

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.

 

Embracing Drudgery and Perseverance in Trading for Success

In the world of trading, where success often feels elusive, it’s the drudgery and perseverance that pave the way for achievements. As Orison Swett Marden astutely noted, “Success is the child of drudgery and perseverance.” This week’s market activities resonate with this timeless truth, demonstrating that consistent effort and dedication are the keys to mastering the nuances of trading.

The S&P 500 exhibited a modest but steady growth, marking a slight increase from last week’s 47590 to 47658. This incremental but upward trend, achieved with a balance of enthusiasm and persistence, illustrates the importance of steadfast dedication in trading.

Similarly, the NASDAQ 100 followed suit with a rise of 0.61%, reaching a higher peak than the previous week. This gradual ascent, though not characterized by dramatic spikes, underscores the value of patience and strategic foresight in navigating market fluctuations.

In contrast, 20-year U.S. government bonds showcased a relative slowdown, hinting at a possible plateau. This sideways movement, observed over several days, serves as a reminder of the market’s unpredictable nature and the necessity of adaptability in trading strategies.

Gold, experiencing a slight increase of 0.76%, is currently at a critical juncture, touching previous resistance levels. This scenario presents traders with a potential turning point, reinforcing the need for keen market analysis and informed decision-making.

Bitcoin, displaying a decrease, continues to intrigue with its unique pattern of peaks and troughs throughout the year. Its current trajectory near the weekly trend line presents an opportunity for traders to exercise caution and meticulous analysis in their approach.

As we approach the final days of the trading year, these market movements highlight the essence of Marden’s words. The path to trading mastery is indeed paved with the grit of daily commitment and the resolve to persevere through market ebbs and flows.

In conclusion, as we reflect on the year’s trading journey and look forward to new opportunities in the coming year, let’s remember the invaluable role of perseverance and dedication in shaping our success. Here’s to a fruitful trading journey ahead, bolstered by the lessons learned and the resilience built over time.

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