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HT Weekend Watchlist- S&P ends 2023 up 25%! What’s coming in the New Year?

Humbled Trader's Weekly Stock Picks & Market Update

Author

Humbled Trader
January 01, 2024

Hi traders,

On behalf of the Humbled Trader team, I wish you a very Happy New Year and a prosperous 2024 in the markets!

2023 was an exciting year for the trading community. The S&P ended the year up 25%, an incredible recovery after the previous year. We also saw many oversold stocks and high-growth names start to finally bounce. The year-end rally was made even more exciting with the rise of small caps.

Next week should be an exciting start to 2024! Let’s all have a very disciplined and great trading year. Below are some of the stocks we’re watching for next week.

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SNTG $5.00

  • Former low float runner that has a history of giving back most gains after day 1 spike.

  • Watch for how it reacts to prior day key level $5.5-$6 range.

  • Leaning more short-biased if the stock keeps rejecting the KL. Looking for a first and potentially second red day.

  • Position Disclosure: No Position

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ADTX $6.62

  • Low float pump with no news on Friday. Stock issued private ATM offering after-hours.

  • This one probably won’t have any more meat left next week, but watch for KL 6-6.5s.

  • Leaning more short-biased on this name but that’s only IF it bounces and provides an entry.

  • Position Disclosure: No Position

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MARA $23.49

  • All-day weakness on Friday. SSR also triggered.

  • IF stock can reclaim that 24.9s intraday KL, this can potentially see a bounce to 26-27s

  • Leaning neutral on this until seeing the price action on Monday. Reminder to watch other crypto names such as COIN for reference

  • Position Disclosure: No Position

🗞️ Market movers you might’ve missed:

- Sentage Holdings Inc. ($SNTG) Sentage Holdings Inc shares surged over 500% as the ex-meme stock traded heavy volume on Friday.
- How we traded: FHOD Breakout Long.

- Cytokinetics. ($CYTK) Cytokinetics jumps 43% after reporting results of study of aficamten in HCM.
- How we traded: Reversal Long.

- Coinbase Global Inc. ($COIN) Coinbase shares are trading lower Friday as the crypto markets slows down after an over-extended bullish run.
- How we traded: Extended Daily Short.

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📣 Intel's Leap Forward: A $3.2 Billion Boost Ignites Stock Surge and Tech Advancement in Israel

In an impressive display of market confidence, Intel Corporation's stock witnessed a significant 5.2% rise following the Israeli government's announcement of a $3.2 billion grant. This grant is a part of the funding for Intel's ambitious $25 billion semiconductor plant in southern Israel. This development not only underscores Israel's emerging prominence in the tech sector but also marks a strategic expansion for Intel in the competitive global semiconductor industry.

💡 Market Sentiment: The stock surge reflects investor optimism about Intel's future growth and the potential economic upliftment this new plant will bring to the region. This move highlights the intricate synergy between government support and corporate tech ventures, setting a precedent in the industry and potentially influencing future market trends.

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Email Disclaimer:
The Watchlist Emails are NOT trade alerts to buy or sell. We are not financial advisers. The above information is for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. We are merely sharing our opinion with no guarantee of gains or losses on investments. You accept our Terms and Conditions.