I’m showing everyone how to take advantage of “tax-loss harvesting” at 1 p.m. ET on Friday — learn the best stocks to buy in January!
Every year at this time, I project a path for the S&P 500 based on technicals, fundamentals, cycles and patterns.
I’ve done this for years because it helps prepare me for the different twists and turns of the market. If you want to see how well this worked for 2023, take a look at my newsletter from Jan. 25 of this year for an idea.
This year, I have a bit of a twist. And it has me concerned…
You see, aside from the normal inner workings of a market, this particular one is approaching a presidential election year… an abnormal election year.
Regardless of party affiliation, the market follows a particular pattern during these cycles. Knowing this pattern has proved to be quite helpful…
Until you face some pretty major unknowns.
Here’s the deal: The market does not like uncertainty…
Which brings me to my conspiracy theory…
Here are the election year seasonal patterns since 1949.
Source: Stock Traders’ Almanac Hirsch
Note the pattern when a sitting president runs for reelection (the green line). That “should be” what 2024 will resemble given “what we know now.”
Now note the pattern when he has not run for reelection (the red line). That’s the surprise I believe we could receive for 2024.
That’s my conspiracy theory — that our incumbent president will not actually run for reelection.
Do you see what I mean? That’s a significantly different pattern.
People may tell me, “Hocus pocus – that doesn’t work!” as I drive my green to the bank. I don’t listen to them, just like I didn’t listen to them Wednesday when I told my Telegram channel that the VIX was low enough and ready to move.
If you applied that knowledge and took action, here’s what you could have experienced trading the VIX to the upside… an approximate 9% move… in one day… on the underlying alone.
That’s just one day!
What’s even more important is the direction of January and its potential.
It all relates to what I wrote yesterday about the significance of overbought December conditions combined with the pending Santa rally time frame.
If you read that, you’ll know I think we’re in for a January letdown that will put some traders’ New Year’s resolutions to the test… and provide the savvy with opportunity!
If January pulls back like I think it will, guess which above pattern it aligns with for 2024…
Get your list ready! Watch for stocks that buck the trend…
I can hardly wait! Let’s stay in touch!
Think and win!
Celeste Lindman
Celeste Lindman Trading
If you haven’t already, join my Telegram channel here for frequent trading insights and market musings!
*This is for informational and educational purposes only. There is an inherent risk in trading, so trade at your own risk.
P.S. The Biggest Trading Opportunity for 2024 Sets Up Next Week
We’re heading into the final week of the year… A week that sets up what could be one of the biggest trading opportunities for 2024.
During the last week of the year, hedge funds and institutions do something that most folks have no clue about…
“Tax-loss harvesting.”
That’s where the IRS allows everyone to offset capital gains for the year by SELLING their biggest losers before Jan. 1.
This sets up one of the best trading opportunities for when the same big firms pile back into the market in January.
And I want to help you take full advantage of it!
That’s why I’m going live at 1 p.m. ET on Friday, Dec. 22, to show you…
How to identify which stocks could be set to soar when Wall Street piles back into the market in January 2024.
Let Me Help You Take Full Advantage
