Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues!

Stock-Markets / Financial Markets 2024 Dec 16, 2024 - 08:23 PM GMT

Dear Reader

Latest Market Brief 16th Dec 2024

Tesla $460 - I sold a big chunk today now down to 11% invested, 2.7% of portfolio, Fomo mania in msm and twit land, I"ll probably have sold 80% by 500! I remember when I bought huge at $166 those who followed were soon crying because it continued to fall to a low of $139, that's the thing, one does not want to try and buy THE low because you won't! At THE low you'll think THE low is much lower. Now folk wish they could turn back time and buy at $166 just as I said they will wish they could in the not too distant future. How to time travel will be a topic in my next article ��

Bitcoin $107k - Patrons asking if I am going to revise my Bitcoin forecast, No my view remains unchanged as of Oct 2023 - $134k primary target as of $27k by which time I will have sold about 80% of my bitcorn.

October 2023 - Last Chance to Get on Board the Bitcoin Crypto Gravy Train - Choo Choo!

Back in Nov 2022 the target was $100k from $16k.

Beyond 134k depends on FOMO MANIA where I can see a bull trap being laid upto $162k though I'm not going to stick around to find out! Intense FOMO mania in the run up to President Pump taking office which is why I refer back to my forecasts as fixed points in time, immune to the subsequent FOMO manias that induce ever higher targets.

Alt coins should continue to out perform bitcoin over the next 2 to 3 months.

MSTR is stoopid. All they do is buy bitcoin REGARDLESS of the price! Michael Saylor is the Cathy Wood of crypto! Looks like a genius when going up but the collapse will be inevitable! In the meantime MSTR as expected has continued to under perform bitcoin since it's blow off top to $550.

Meanwhile Trump and Son have accumulated over $1 million of crypto chainlink. Current $30, 3Xd vs 5 weeks ago, could 2X once more, back at time of crypto gravy train it was about $7. Pump presidency will be all about Make Trump Family Rich Again!

Don't be under any illusion just because I am riding the crypto FOMO trains towards 5-10X's I also at the same time consider Bitcoin as being the mother of all Tulips where one day (don't ask me when) it will be worthless!

S&P 6080 - The bull market continues, a year ago S&P was 4400! A year from now it will probably be well above 7000, yes there will be corrections i.e. we will likely be due for one by the time Trump takes office north of 6200, could even go nuts to something like 6500!

AI Primary stocks what's cheap and what's expensive.

Spreadsheet Columns - R,S,T, W and X lead the way.

Cheapish
Nvidia, Google, AMD, Qualcom

Expensive
META, TSMC

Chernobyl Meltdown Red Hot
Tesla

Whilst AMAT sits at the top of it's buying range.

AMD illustrates it's a lot easier for a stock that's gone from $60 to $230 to next go to $130 than $330..... think about what that means. I'm now 107% invested up from 30% invested by the time AMD topped at $230.

Patrons voted, so next article will include a look at Gold and Silver.

True bravery https://x.com/RyanRozbiani/status/1868023156553998441

My most recent analysis - Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks $100k Barrier

CONTENTS
Global Liquidity Prepares to Fire Bull Market Booster Rockets
Fed December Rate Cut
Stocks Bubble 2025
S&P Big Picture Road Map
Moores Law is NOT Dead, it is ACCELERATING!
AI Stocks Investing Perception
Stocks Portfolio
DOCU - What it Means to Never Sell At a Loss
Riding the AMD Gravy Train
Learn to Be the Man In the Middle
BTC $100k Milestone Achieved
Bitcoin Forgives You!
Bitcoin Seasonal Trend
Bitcoin - How the Bull Market Could End
Bitcoin Dominance Drop Triggers Alt Season
CRYPTO MARKET CAPS
CRYPTO EXIT STRATEGY
COINBASE
MSTR Blow Off Top
MSTR Spectrum
Micro Strategy Ponzi
Trump Ukraine Victory Incoming
Canada Living on Borrowed Time
Hacking Ageing With Supplements
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Stocks, Bitcoin and Crypto Markets Get High on Donald Trump Pump

Bitcoin Break Out, MSTR Rocket to the Moon! AI Tech Stocks Earnings Season

Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump!

Stock Market October Correction Window Into Post US Election Rip the Face Off the Bears Rally

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Your trimming into FOMO mania analyst.

By Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 35 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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