Hey friends! This is your trader buddy, Andy, here, back with another dose of Trade Ideas on this lively Monday morning of December 18th. We’ll be doing a deep dive into the recent trends in the market, predicting some potential big moves and wrapping up with our trade of the week. Let’s dive right in!

Quick Rundown on S&P 500

A quick look at the S&P 500 (Spy) over the past couple of days reveals a couple of perfect dojis, lending the illusion of the index levitating near its all-time highs. It’s intriguing to note the significant move SPY has made over the past month, seemingly mimicking the trend observed in QQQ.

“Perfect dojis are essentially periods of indecision in the market where the high, low, open and close prices are virtually the same. These could signal potential reversals or continued trends, adding to the suspense.”

Holding my breath, let’s see where this one goes!

\n\n [Insert Link Here to S&P 500 (Spy) trends]\n\n

Big Boys Making a Move?

In the grand chessboard that is the stock market, it’s the ‘Big Boys’ that often dictate the game. One such player I have my eye on is Amazon. Already invested myself, and I’m seeing a promising setup forming. The giant is poised to leap, possibly gapping up above a two-day, if not a several-month high.

Nvidia, another market mammoth, might also be uncloaking its cards. Although unable to close above the last two wicks, it is gapping up. Interestingly, this could mean the tech heavyweight taking another shot at the $500 mark.

Our fan favorite, Tesla too, has been playing nicely, wrapping up a good three days on considerable volume. It’s shaping up for a potential ‘Go-Pause-Go’ movement. Highly anticipated, if it takes out its two-day high!

And the Trade of the Week Is…

Our weekly favorite, the trade of the week is Shopify. Currently vested in this one myself, it presents a promising chart. Noting the three wicks coiled right around the top, and the converging moving averages itching to ascend above the ten and the 20, the signs are auspicious.

Watch out for that 425-426 level mark! Shopify has a float of just 32 million, and for those of us privy to trade markets, lower float stocks can be a gateway to high volatility and substantial profits.

One More Underdog Caught My Eye…

FSCO has been hiding in plain sight, and I find myself magnetized by its potential movements. It has demonstrated a commendable performance, especially noting its hustle on volumes. Although it presently portrays a gruesome sideways pattern, a break above its two-day high could open its gates to reach for that tantalizing $6.

\n\n [Insert Link Here to FSCO Trends]\n\n

Conclusion

And there you have it! Our exciting trade predictions and insights for the week. Remember, the stock market can be a risky business, as capricious as it is rewarding, so always keep it tight. Until next time folks, happy trading!

“Keep learning, because the moment you think you know it all, is the moment you lose.”