Stay Bullish until this Happens

By Murray Dawes, Saturday, 09 November 2024

There is the chance we see a solid Santa rally heading into the end of the year now that the US election is out of the way. Murray shows you what could derail the party and which stocks are having a major breakout right now.

Market commentators are in a frenzy…

They are all speculating where the markets will head, now we know Trump is back in the White House.

If you read all 1,000 articles, I’m sure you’d end up none the wiser for your efforts.

My advice? Don’t follow the crowd in a knee jerk reaction just days after the election.

I have seen many instances where the market is led up a garden path in the first week or so after a big announcement. Then, all of a sudden, the direction changes.

I’d prefer to sit back and allow traders to fall over themselves, and then step in when things become clearer.

But the first major thing to note is that conditions remain bullish.

Until proven otherwise you should remain invested and looking for opportunities.

The only thing that will derail the bullish picture in stocks is if US bonds continue to sell off as rapidly as they have been over the last few months.

If bonds start to rally again, conditions are ripe for a serious Santa rally into the end of the year that you won’t want to miss out on.

That’s why I start today’s video by giving you the exact interest rate levels that US 10-year bonds need to remain below to keep the bullish vibes alive.

If rates remain below this level it is game on, and stocks can continue their ascent.

I also show you a few Aussie stocks that have seen strong buying and look ready for a major breakout.

They are companies with exposure to US earnings that will benefit as company taxes over there are lowered and growth increases.

I’ve put together insights from my 30+ years of trading that can help you to trade the coming Santa rally.

The key to long-term investing success is a solid trading plan which blends fundamental and technical analysis. I put this into action in my service Retirement Trader.

You can learn more about my approach by clicking here to get access to 30 years of trading knowledge.

Regards,

Murray Dawes Signature

Murray Dawes,
Editor, Retirement Trader and Fat Tail Microcaps

All advice is general advice and has not taken into account your personal circumstances.

Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

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Murray Dawes is our resident expert trader and portfolio manager. He is a former Sydney Futures Exchange floor trader who went on to design custom trading systems and strategies for ultra-wealthy clients (including one of Australia’s richest families). Today, his mission is to help ordinary Aussie investors make profitable investments, while expertly managing risk.

He uses his proprietary system for his more conversative and longer-term-focused service Retirement Trader…and then applies the same system to the ultra-speculative end of the Australian market in Fat Tail Microcaps (this service is strictly limited and via invitation only).

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All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.