Trading Tips With Jim Stromberg

This week, our bet is on the Pinterest [PINS] stock, which is currently oversold. If there is a resolution to the debt ceiling negotiations, Pinterest may experience a short-term upturn. However, economic data continue to fall short of expectations, and stagflation looms ahead. As signs point towards a potentially prolonged and challenging economic downturn, it's crucial to consider how the market may respond and how to approach it. For more insights on this and other stocks, tune in to this week's stock podcast with Jim Stromberg.

YT link: https://youtu.be/2hYCM0I0SSE

Webpages mentioned:

https://stockinvest.us

https://getagraph.com

The charts indicate a possible mini rally on Nasdaq this week, but it will all come down to the fuzz and reports around the US debt ceiling. Getting into Nvidia last week was a good call, and Tesla, as mentioned in the podcast on week 17th, did precisely as expected. With little resistance above, Tesla is poised for a further upturn in the short term.

The favorite commodity, gold, continues to do good, but Jim believes there might be more upside in other commodities as well as the armor race is on. 

Playing it safe, trading stocks with good liquidity and low RSI, or going for oil or recession-proof stocks is still the best strategy to minimize the risk. This and much more are in this week's podcast!

This week will likely be volatile for the market as it faces a series of tests from various events. Firstly, the fallout from First Republic Bank, Powell's, and Feds' speeches on Wednesday could have a significant impact. Secondly, the release of quarterly results by major companies such as Apple will also be closely watched. Additionally, the jobs numbers on Thursday and Friday will provide important indications about the economy's overall health.

Unfortunately, last week's GDP numbers fell below expectations, indicating that the economy may be heading toward a recession and, in the worst case, stagflation. Despite this, the Meta index performed strongly last week, pushing the index into the green zone. Conversely, most stocks on the Nasdaq had a challenging week.

In light of this, investors should remain cautious and continue to monitor the market closely. Jim plans to add Nvidia to his portfolio this week, which may offer potential growth opportunities. Stay tuned for further updates on these market events.

YT Channel: https://www.youtube.com/channel/UCEX_beEqzOK5PHSucVY8dLw

Webpages with content:

Stockinvest.us

getagraph.com

Correlation analysis mentioned in podcast: https://getagraph.com

A double top formation has been identified in the chart, indicating that Nasdaq will fall 12.76% over 40 trading days and hit 10.576 points low. However, if the formation is broken up, it will become false, and that, with little resistance above, indicates a strong upturn. What will it be?

This week NIO will be added to the portfolio that already holds CVX, NOC, and ZOM.

Tune in for this week's trading tips podcast with Jim Stromberg for more information and insights!

Terrible week for the markets last week, where Nasdaq fell more than 4.7%. A new week is here, and with lots of resistance above and weakening support below the risk-reward trading, the oversold markets are not as good as you want them to be. This week will be plagued by the ongoing crisis in the banking sector, and with CPI and PP numbers coming out, we are heading for a very volatile week.

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

This week Jim will pursue a gamble and spend the rest of his 62% profit from the Meta trade into three new stocks: Mullen Auto, JD, and Nio. That will bring the trading portfolio up to 6 stocks this week with a high volatility exposure. Nasdaq shows all technical signs of a green week, but work numbers and Fed talks will decide how it ends. 

Tune in for 35 minutes of pure stock market updates from Stockinvest.us co-founder Jim Stromberg!

This week will strongly indicate what awaits the markets forward as Nasdaq tests the support from the middle of the trend while being low on the relative strength index. To reduce the risk and still have some potential good upside, this week's bet lands on Chevron [CVX]. Last week's gamble into Northrop [NOC] as a stronghold did the job as Nasdaq fell more than -3% last week. This week's trading portfolio is a good mix as both Lumen Technologies [LUMN], and Zomedica [ZOM] cover the high-risk segment. In this week's podcast, Jim explains how to play the market weekly using weights on the bets placed. 

In a world where conflicts continue to rise, it's no surprise that the aerospace and defense industry is in the spotlight. Join us in this week's podcast as we discuss the top suppliers, including Boeing (BA) and Northrop Grumman Corporation (NOC), and share our insights on the current stock market conditions with rising inflation. We also analyze Lumen Technologies Inc (LUMN) and predict a possible 20% upside with a short-term rally to $5. Don't miss out on all the details 

Tune in now!

Get ready for a rollercoaster of a week as crucial inflation data is set to hit the markets on Tuesday and Friday. Will Fed Chair Powell and the Fed's predictions hold true about inflation tapering off, or will we continue to feel the burn? Despite some easing of overbought signals last week, the technical indicators suggest a potentially rough end to the trading week. But don't worry! Correction is a natural part of the market process and can be a healthy sign. With Nasdaq sitting high in its trend, there's a chance we may finally see the confirmation of a bull market - but only if the correction doesn't go too far. Stay ahead of the game by tuning into our podcast, where we'll balance risk by discussing top holdings like Chevron, Barrick Gold, and Zomedica as we wait for the bull market to emerge.