It's A BULL MARKET Again!

Author

Bootleg Macro
December 03, 2023

Last week, I wrote, “I must admit, we are VERY CLOSE to flipping to A BULL MARKET 🐃📈 again!”

Well, it happened. It’s officially a BULL MARKET again. Look in the volatility corner below. We are so back, which might be famous last words but I must follow the indicators.

If we get a BULL market for December…let’s enjoy the rallies. You have a big list of big names below: SPY, DBX, SNAP and more!

FYI…I’ll be traveling this whole month in Asia! Very excited but it will change the tone, maybe I write more or less but you’ll get a new list each week.

- Dustin

Market Performance

All indexes were up but none like the DOW Jones. Up over 2.4% for the week. The Nasdaq and S&P500 were up but not as much. Be patient and let your opportunities come to you.

Volatility Corner:

VIX / VVIX improved! Blue up is good, blue down is bad. The blue line has a HIGH CORRELATION to overall markets. You see the up and down…we are back above the 23 Week Moving Average. Which is significant.

This move has been insane to watch and you can see the BULLISH action back in the market. I’ll update you if things change.

MACRO INDICATOR:

Long-term, we are in a BULL MARKET. Daily, we are in a BULL MARKET

  • MACRO SEASON: BULLISH Since 12/1/23🟢***

  • MICRO WEATHER: BULLISH Since 11/7/23🟢

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New Highs $5-$20:

  1. UGP - Ultrapar Participações S.A. - 🛢️ (Energy Distribution) - 🇧🇷 Brazil

  2. UEC - Uranium Energy Corp. - ☢️ (Uranium Production and Exploration) - 🇺🇸 USA

  3. ITUB - Itaú Unibanco Holding S.A. - 💰 (Financial Services/Banking) - 🇧🇷 Brazil

  4. RITM - Rithm Capital Corp. - 🏦 (Financial Services) - 🇺🇸 USA

  5. RPT - RPT Realty - 🏢 (Real Estate Investment Trust) - 🇺🇸 USA

  6. AM - Antero Midstream Corporation - ⛽ (Midstream Energy Services) - 🇺🇸 USA

  7. EGO - Eldorado Gold Corporation - 🥇 (Gold Mining) - 🇨🇦 Canada

  8. SNAP - Snap Inc. - 📸 (Technology and Social Media) - 🇺🇸 USA

  9. COUR - Coursera Inc. - 🎓 (Online Learning/Education Technology) - 🇺🇸 USA

UGP - Ultrapar Participações S.A. - 🛢️ (Energy Distribution) - 🇧🇷 Brazil

UEC - Uranium Energy Corp. - ☢️ (Uranium Production and Exploration) - 🇺🇸 USA

ITUB - Itaú Unibanco Holding S.A. - 💰 (Financial Services/Banking) - 🇧🇷 Brazil

RITM - Rithm Capital Corp. - 🏦 (Financial Services) - 🇺🇸 USA

RPT - RPT Realty - 🏢 (Real Estate Investment Trust) - 🇺🇸 USA

AM - Antero Midstream Corporation - ⛽ (Midstream Energy Services) - 🇺🇸 USA

EGO - Eldorado Gold Corporation - 🥇 (Gold Mining) - 🇨🇦 Canada

SNAP - Snap Inc. - 📸 (Technology and Social Media) - 🇺🇸 USA

COUR - Coursera Inc. - 🎓 (Online Learning/Education Technology) - 🇺🇸 USA

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New Highs $20+:

  1. SPY - SPDR S&P 500 ETF Trust - 📊 (ETF tracking S&P 500 Index) - 🇺🇸 USA

  2. DBX - Dropbox, Inc. - 💾 (Technology/Cloud Storage) - 🇺🇸 USA

  3. WES - Western Midstream Partners, LP - ⛽ (Midstream Energy Services) - 🇺🇸 USA

  4. MCK - McKesson Corporation - 🚑 (Healthcare Distribution) - 🇺🇸 USA

  5. CRM - Salesforce, Inc. - ☁️ (Customer Relationship Management Technology) - 🇺🇸 USA

  6. V - Visa Inc. - 💳 (Payments Technology) - 🇺🇸 USA

  7. EWZ - iShares MSCI Brazil ETF - 📊 (ETF tracking Brazilian Market) - 🇧🇷 Brazil

  8. FLIN - Franklin FTSE India ETF - 📊 (ETF tracking Indian Market) - 🇮🇳 India

  9. PINS - Pinterest, Inc. - 📌 (Social Media/Technology) - 🇺🇸 USA

  10. CCJ - Cameco Corporation - ☢️ (Uranium) - 🇨🇦 Canada

  11. USM - United States Cellular Corporation - 📱 (Wireless Telecommunications) - 🇺🇸 USA

  12. INDA - iShares MSCI India ETF - 📊 (ETF tracking Indian Market) - 🇮🇳 India

SPY - SPDR S&P 500 ETF Trust - 📊 (ETF tracking S&P 500 Index) - 🇺🇸 USA

DBX - Dropbox, Inc. - 💾 (Technology/Cloud Storage) - 🇺🇸 USA

WES - Western Midstream Partners, LP - ⛽ (Midstream Energy Services) - 🇺🇸 USA

MCK - McKesson Corporation - 🚑 (Healthcare Distribution) - 🇺🇸 USA

CRM - Salesforce, Inc. - ☁️ (Customer Relationship Management Technology) - 🇺🇸 USA

V - Visa Inc. - 💳 (Payments Technology) - 🇺🇸 USA

EWZ - iShares MSCI Brazil ETF - 📊 (ETF tracking Brazilian Market) - 🇧🇷 Brazil

FLIN - Franklin FTSE India ETF - 📊 (ETF tracking Indian Market) - 🇮🇳 India

CCJ - Cameco Corporation - ☢️ (Uranium) - 🇨🇦 Canada

USM - United States Cellular Corporation - 📱 (Wireless Telecommunications) - 🇺🇸 USA

INDA - iShares MSCI India ETF - 📊 (ETF tracking Indian Market) - 🇮🇳 India

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