Market Pulse Daily: Stocks, Bonds, Gold & Bitcoin Insights, Tuesday, December 3, 2024

The S&P 500 and NASDAQ 100 experienced upward trends, with the NASDAQ exhibiting a more significant increase. Conversely, 20-year bonds, gold, and Bitcoin showed declines, with gold experiencing downward pressure and Bitcoin's growth slowing. The speaker emphasizes the importance of chart analysis, adhering to established criteria for trading decisions, and suggests a cautious approach to trading certain assets due to low volume and uncertain price direction.

S&P 500 & NASDAQ 100

• 00:00:44 The S&P 500 and NASDAQ 100 both saw increases, with NASDAQ experiencing a greater gain. The S&P 500 had a brief rest period after the 'Trump bump' but resumed an upward trajectory. The NASDAQ has continued its upward movement and surpassed previous highs after a post-election pullback.

20-Year Bonds

• 00:03:09 20-year US government bonds experienced a slight increase, but the speaker is not inclined to trade them due to low volume and a lack of his preferred criteria. The bonds had a short-lived upward movement at the beginning of the week but did not meet the high-volume criteria required for a trade. While there's a possibility of further growth, the speaker will look for other opportunities.

Gold

• 00:04:49 Gold is down for the day and has been experiencing downward pressure. The speaker believes it's likely to continue tracking lower, citing chart patterns including a red spinning top and a doji. The chart shows downward pressure and sideways movement, prompting a wait-and-see approach with a plan to exit with a small loss if the pattern doesn't continue.

Bitcoin

• 00:05:50 Bitcoin is experiencing a pullback after a period of significant growth following the 'Trump bump'. The speaker observes that volume has slowed down over the last three weeks. Despite the recent downward trend, the speaker is monitoring the situation to determine Bitcoin's future direction and suggests a wait-and-see approach to determine its next moves.