Our December 2022 stock and ETF watchlist with entry points, sector analysis, and market outlook.
Market Overview
Welcome back to The Wealth Catchers' watchlist. Hope you all had a great month and enjoyed the Thanksgiving break if you had the opportunity to. This month's opening statement will be very short. The month of November still continued this small bull run that we are on. If you follow the "Fear and Greed" index you can see how we swung from extreme fear to greed over these past few months. Keep in mind, this is posted in every watchlist and is an amazing tool to gauge market sentiment and help with the second guessing that happens to all of us. Usually during this time of year we'll experience something known as a "Christmas Rally". This is an event that we seem to be fully in at this point. You can pull up all of the ETFs for the indices we follow and look at them on a weekly chart and see the momentum on the MACD is pushing to the upside. This is an upward trend on the weekly chart. Remember when looking at larger time frames you get a better idea of what direction the market is heading in. I forgot to mention this in the last watchlist post. Please use this holiday season with your family and friends to discuss financial literary, have open conversations, be vulnerable and understanding, and just do more than eat and watch sports and holiday movies. Introduce one another to new and different topics and help push the family forward
Monthly Performance
At the close of month all the indexes were up. The Dow Jones (5.93%), S&P 500 (5.81%), NASDAQ (5.30%), Russell 2000 (1.90%). At the close of the month of October the VIX was at 20.58. At the close of the month the "Fear and Greed" index was at 70 indicating greed in the market. Z: $29-$35 (Daily Chart) (Finally pushed past the 50 & 100 SMA.
Index Performance
| Index | Performance |
|---|---|
| Dow Jones (Nov 2022) | +5.93% |
| S&P 500 (Nov 2022) | +5.81% |
| NASDAQ (Nov 2022) | +5.30% |
| Russell 2000 (Nov 2022) | +1.90% |
Top Sectors
Bottom Sectors
Stock Entry Points
| Ticker | Daily Entry | Weekly Entry |
|---|---|---|
| NKE | $101 | $83–$96 |
| ABNB | $87–$92 | $87–$117 |
| MSFT | $225–$268 | $212–$245 |
| AAPL | $139–$150 | $135–$151 |
| Z | $29–$35 | $21–$40 |
| SQ | $54–$75 | $54–$80 |
| PYPL | $72–$88 | $73–$94 |
| MCD | $243–$253 | $231 |
| WMT | $131–$142 | $128–$149 |
| TSLA | $178–$223 | $181–$209 |
| SBUX | $83–$93 | $83–$97 |
| V | $187–$211 | $176–$217 |
| PG | $127–$139 | $124–$137 |
| WM | $155–$160 | $140–$160 |
| CHPT | $12–$14 | $12–$14 |
| IIPR | $89–$134 | $89–$137 |
| SHOP | $31–$51 | $31–$49 |
| ADBE | $275–$361 | $256–$353 |
| AMZN | $87–$109 | $87–$115 |
| CRWD | $121–$141 | $98–$143 |
| NVDA | $142–$179 | $121–$163 |
| COST | $461–$506 | $451 |
ETF Entry Points
| Ticker | Daily Entry | Weekly Entry |
|---|---|---|
| ARKK | $37–$39 | $34–$40 |
| VUG | $221–$237 | $214–$235 |
| VGT | $314–$343 | $310–$369 |
| VOO | $352–$370 | $328–$359 |
| SMH | $186–$214 | $175–$218 |
Key Takeaways
- →November 2022: CPI came in cooler-than-expected — Fed pivot hopes emerged.
- →FTX crypto exchange collapsed in November — created broader market uncertainty.
- →WMT strong momentum; MCD overextended — positioning for mean reversion.
- →ADBE continues Mother Bar pattern; needs break above $396.39 to confirm new uptrend.
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