Trading Tips With Jim Stromberg

On Wednesday, Powel and the Fed will give some insights into their thinking for 2024. No big surprises are expected as the forecasted decline in interest rates is pushed to the second half of 2024. But the market will pay close attention to the wording as Nasdaq is at a new all-time high.

The trade into Snap is going slow, but there are signs that things may happen this week. With little resistance before $14, the right mix can make for a strong return.

This and much more in this week's Trading Tips With Jim

In the hunt for the next double, the bet went on SNAP last week, but it has not yielded so far. Is SNAP up for the challenge this week, or will it be a bust?

This is one of the many questions as we go into a week where Nasdaq will test the 16.000 resistance, and LI and Costco will release their quarter results.

Tune in for this week's shortened Trading Tips With Jim podcast.

AEHR sold with 23.18% profit marking the first successful doubling where $1.000 has turned into $2103.55 in the $1000 podcast challenge. This week's bet will be on a re-bounce trade as the hunt for the next double at $4.000 begins.

As the quarter season ends, Nvidia, Walmart, and Home Depot will release their quarter results this week. While the main focus will be on Nvidia, Walmart, and Home Deop will give insight into consumer health and the import CEO statements about the expectations for the future.

This week, the $1000 invested in the $1000 challenge will probably pass the first double at $2000, and the hunt for the second double at $4000 can begin. Last week's bet into Aehr Test Systems (AEHR) has given almost a 15% return.

The forthcoming trading week will mark the end of the first quarter result season as by Friday, more than 85% of the major companies at S&P500 will have released the quarter results. What will drive the market afterward, and will this week's inflation numbers shake the markets?

Tune in for more about the $1000 challenges and the expectations for the week ahead!

The trade in Lucid (LCID) is closed with a 40.75% profit, and a new pick is ready for the $1000 challenge. However, the Nasdaq trading in the upper part of the trend channel and becoming overbought indicates a high chance of a challenging trading week ahead.

Like last week, big companies are releasing their quarter results this week, including Pepsi and Disney. Kicking off the quarter result week is Palantir, with an expected move of +/- 7.85%.

Tune in for this week's trade and much more

This and more in this weeks episode of "Trading Tips With Jim"

Tune in!

Amid Nasdaq's quest for an all-time high, investors are eyeing 'war stocks' as global military spending rises. While well-known companies like Boeing, GM, DuPont, Krupp, Volkswagen, and Hugo Boss historically capitalized on wartime production and transitioned to post-war success, lesser-known firms that produced everything from hermetic seals to shovels emerged as recognizable brands."

"To address last week's $1000 challenge loss, there is optimism for a potential rebound in Lucid (LCID) shares.

In this week's podcast, 'Trading Tips With Jim,' we delve deeper into the dynamics of wartime investments, historical success stories, and the current market landscape.

Content in this podcast:

Market Overview

Index Performance

Buy/Sell Signals

Market Predictions

Economic Indicators

Interest Rates

Quarterly Earnings

Defense Stocks

Investment Insights

Additional Insights

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In this week's episode, we dive into the impact of escalating tensions in the Middle East on global inflation and energy prices. As major tech companies face downsizing challenges, we discuss the implications of their significant layoffs.

📉 Key Highlights:

📈 '$1000 Challenge' Update:

👀 Essential Resources:

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After netting 35% from the bet on Repare Therapeutics Inc in the $1,000 challenge, a new bet will be placed. This time, the focus will be on NIO, anticipating a good week ahead.

The week may start quietly, but by the end, the market will receive the December CPI numbers and the PPI numbers. Both are expected to show a slight increase month-over-month, while the 12-month inflation is on the retreat. The 2023 inflation rate is expected to tick in at 3.2%, well above the Fed's 2% target. To top off the week, quarter results from major companies like Delta Air Lines (DAL), JPMorgan (JPM), Citigroup (C), BlackRock (BLK), Bank of America (BAC), BNY Mellon (BK), Wells Fargo (WFC), and UnitedHealth (UNH) will be released.

Catch all this and much more in this week's episode of 'Trading Tips With Jim.