Robert Knight said the Santa Claus Rally was already underway as early as October 18th, 2021. Here we are with an update on November 22. To prove his prediction, Bob Knight chose 7 FAANG stocks. These stocks should be indicative that the Santa Claus Rally is going. Sure enough, over the following thirty days, these seven stocks went up a total of $871, combined. If it’s true that the Santa Claus Rally is going, that should be good for ALL stocks. In Mr. Knight’s opinion, the next leg of the bull market is well underway! His commentary:
$AAPL- Opened at $143.45 on October 18th, closed at a high of $152.57 on October 28th, and closed at $150 on November 15th. It made a $10 move and I still think by February 2022 it will be over $160. New High of 165.70 on November 22, currently around $164.
$AMZN- Opened at $3,386 on October 18th, closed at a high of $3,605 on November 10th, and around $3,551 on November 15th. That move is a whopping $219 in 1 month. By February I would expect to trade another $200 higher from this level. That would be over $400! New high of $3,762 on November 19, currently around $3,629 on November 22nd.
$FB- Open at $329 on October 18, traded to $353.65 and closed at $347.48. It was just $5 short of our $360 target. But still managed an impressive $24 gain. Look for it to trade to $380 and $390 by February. October 18 still holds high at $353.65. Currently around $350 on November 22nd.
$GOOG- Opened at $2,824 on October 18, closed at a high of $3,020 on November 8th, and around $2992 on November 15th. It is already at ATH gaining $196 from our call. But I still think it has another $200 points to go. November 19th it makes a new high at $3,037. Currently around $2,983.33 on November 22nd
$MSFT- Opened at $303.14 on October 18, trading to $339.74 today and closing at $336.31. That is over a $36 gain for the stock since our call. Look for it to add another $20 from this level by February 2022. New high of $349.67 on November 22nd, currently around $348
$NFLX- Opened at $632.10 on October 18th, high of $690.31 on October 29th, and around $681 on November 15th. That move represents a $68 gain trading over our $680 target. Look for $720 by February 2022. New high of $691.69 on November 17, currently around $671 on November 22
$NVDA- Opened at $217.49 on October 18th, high of $323 on November 9th, and around $300 on November 15th. Again, that was a massive $105/share gain. I wouldn’t be surprised to see this at $330 and $350 by February 2022 New high of $346.47 on November 22, currently around $344
This article is part of a series of updates on Robert Knight's October 18th 2021 major market call about the Santa Claus Rally. He posited that the Santa Claus Rally had already begun, earlier than in prior years. This is the 3rd update, timestamped at 12:45 PM on November 22. The 2nd update was on November 15th. The 1st update was on October 28th. Here is a review: