Trading Tips With Jim Stromberg

This week, new inflation numbers will hit the market as it tries to take a stand on how the war in Israel will impact the markets. Oil prices are roaring back as possible sanctions against Iran could cut supply and put pressure on prices. Everything indicates a very volatile week, but the low number of buy signals suggests a positive week for Nasdaq

The $1,000 Challenge has seen a 12% increase since its inception. Currently, the focus is on Tetra Technologies Inc (TTI), while new potential investments are being evaluated and prepared for consideration

 Stay updated on market trends, insights, and more in this week's "Trading Tips With Jim" episode.

Recent indicators suggest that the Nasdaq might be poised for a rebound. Despite being considerably oversold, its current pivot bottom on the RSI chart and a record-low 12% buy signals hint at a bullish trend. As the week unfolds, key economic data points will be released, including consumer spending figures, GDP growth, jobless claim reports, and quarterly results for leading brands like NIKE, Costco, and Royal Caribbean Cruise Line.

Jim, who accurately predicted downturns for three consecutive weeks, now anticipates a 'green' week for the markets. However, he cautions investors: the current market levels are sensitive, and any adverse news could amplify losses.

Stay updated on market trends, insights, and more in this week's episode of "Trading Tips With Jim".

This week, the Nasdaq is set to test the 13,600-point support level. We're also anticipating insights from the Federal Reserve on Wednesday. Concerns are rising over the escalating situation in Taiwan, which could significantly disrupt the stock markets if it intensifies. Last week, Tetra Technologies Inc (TTI) boosted earnings in the $1000 challenge. The question remains: is TTI still part of the portfolio, or has it been sold?

After two consecutive positive weeks on the Nasdaq, the charts and signals indicate a high likelihood of a weaker market this week. The US unemployment rate is creeping up as more people look to join the workforce, and oil prices continue to rise. Are we potentially heading towards the infamous stagflation?

After experiencing losses, the $1000 challenge is back in the green. The question now is: what comes next?

Jim still prefers to allocate a significant portion of his portfolio to areas like warfare, oil, and gold. However, he believes that the biotech sector will experience an upturn again as COVID-19 cases rise and President Biden calls for vaccination mandates.

All of this and more will be discussed in this week's episode of 'Trading Tips With Jim,' a podcast by Stockinvest.us.

A low amount of buy signals and a significant number of stocks at the lower end of the trend channel indicate a high probability for yet another green week at Nasdaq. The week's primary focus will be PCE numbers on Thursdays, along with job numbers. Several companies are scheduled for quarter updates, and among these are NIO. Signs indicate a new upturn ahead for the EV sector with a potential good buy level for the Tesla stock.

In the one $1000 challenge, last week's bet into Hawaiian Electric is off to a grim start, but is all about to change?

This and much more in this week's episode of "Trading Tips With Jim."

A limited number of buy signals suggest that the Nasdaq could be approaching a turning point, possibly as early as this week. The spotlight this week will primarily be on Nvidia (#NVDA) and the commentary from Powell and the Federal Reserve on Friday.

Intercept (#ICPT) will be exiting the $1000 challenge and will be replaced by a speculative position in Hawaiian Electric Industries (#HE). After selling NIO (#NIO) at $15, a new position has been initiated slightly above $12.

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

FTC Solar Inc., Cisco, and Verizon might offer investment opportunities this week as more stocks appear to be reaching potentially favorable buying positions—either due to being oversold or sitting at the lows of their respective trends. AI and EV sectors are likewise moving into accumulation zones, as recommended in earlier episodes of this podcast series. The $1000 challenge continues to show a loss because the Intercept bet hasn't yet yielded positive results. If the stock doesn't begin to rally, it will be removed from the challenge by week's end.

Tune in for these insights and more in this week's episode of "Trading Tips With Jim."

Websites mentioned in this podcast:

https://getagraph.com

https://stockinvest.us

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This Thursday, we might find a reason to celebrate modest inflation figures. However, the recent increase in oil prices suggests that inflation will not disappear soon. Disney's performance will become apparent as they release their quarterly results this Wednesday. As stocks currently reside at the high end of the trend, there's potential for further corrections. Now is an opportune time to scrutinize the fundamentals of any investments related to Artificial Intelligence.

The $1.000 Challenge is in its 3'rd week, but still, no hefty profits to show for it.

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