Trading Tips With Jim Stromberg

Is this the week for huge gains in NIO or will GDP and consumer spending numbers tank the market?

Hooters, like so many other restaurants and chains keep closing down stores as consumer behavior is shifting at accelerated speed. Years of negative net growth in inflation adjusted income is finally knocking on the door. Where should you, and where should you not invest next?

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

Nasdaq pushes upwards while most companies fall back, leaving only 15% of buy signals active. The low number of buy signals opens up a possible re-bounce for the broader market as money hunts for the best return. Most EV companies are near medium-term support levels, and this week's bet in the $1.000 challenge will be NIO as FATE is sold with 11.48% profit, leaving the $1.000 challenge at $3.365

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NB: This week's recording has bad sound quality.

Nvidia's new price after the stock split might offer further gains for investors. However, there are indications of potential market downturns ahead. Is now the time to diversify into cryptocurrencies or consider holding a short position or a bear index?

The $1,000 challenge currently stands at $3,188.

Learn more in this week's episode of Trading Tips With Jim.

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Everything indicates increased volatility for the stock markets moving forward. While un-employment rate has been held steady by influx of governmental spending, May will probably mark the last month of low un-employment numbers. Job numbers to be release Thursday and Friday this week.

The $1.000 challenge currently sits at $3.197, and in this week's podcast you will know if last week's bet into Fate Therapeutics still is on, or if a new bet will be placed elsewhere.

Tune into this week's Trading Tips With Jim

After a massive 48.6% profit in SNAP, which brought the $1.000 challenge to $3.124, a new position will be taken in a totally different stock. The week's success will depend heavily on the revised GDP on Thursday and the PCE numbers on Friday. While a few more companies will deliver their quarter results, none are expected to move the market as Nvidia did last week.

Expect more volatile markets ahead as the number of buy signals is getting into overheated territory. With little momentum from quarterly results moving forward, it will be harder to make good picks, and the fun may fade away as the Nasdaq may fail in its push for a new all-time high.

The last upturn for EVs begs the question: is there more to be made? This, alongside an update on the $1000 challenge, where the last buy into Snap has pushed the portfolio over the $3,000 mark, can be found in this week's podcast!

Tune in to ensure you get the insights you need for the week ahead.

The odds are fairly good for another green week on Nasdaq, though perhaps not as strong as last week when the Nasdaq rose more than 4%. In the $1,000 challenge, betting on Snap last week paid off, boosting the $1,000 portfolio to $2,784. We are now on the hunt for the next milestone at $4,000.

The upcoming week will be busy with major quarterly results from companies such as Starbucks (SBUX), Coca-Cola (KO), Marathon Petroleum (MPC), 3M (MMM), Mastercard (MA), Qualcomm (QCOM), Pfizer (PFE), Apple (AAPL), and Novo Nordisk (NVO), to name a few. The highlight of the week will undoubtedly be the Federal Reserve minutes on Wednesday.

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This week, heavy hitters like Meta, Microsoft, General Motors, General Electric, Alphabet (Google), and Tesla will release their quarterly results.

By the end of the week, we'll have more insights into the GDP and inflation, as PCE numbers are set to be released on Friday.

Expect a volatile week where the oversold Nasdaq could bounce back, at least temporarily. In the $1,000 challenge, Asteria (ATXS) has been sold at a loss, setting the portfolio back to $1,944, which will be reinvested into Snap Inc (SNAP) this week.

Tune in for a brief podcast covering the main events of the week.

With minimal resistance ahead, Nasdaq appears poised for further gains following last week's 2.85% increase. While buy signals are on the rise across various markets, they have yet to reach overbought levels.

In the $1000 challenge, the investment in Astria Therapeutic (ATXS) made last Monday at $15.61 is currently experiencing a 3% loss, bringing the challenge balance to $2.148.

Stay tuned for this week's market updates!

This week it will be all about FED and Nvidia as the market is battling for the next direction. First out is Nvidia presentation on Monday, while FED and Powell will give market update on Wednesday. Xpeng to give quarter results on Tuesday and can this spark some fire in EV again?

Snap was sold last week with a profit of 6.73% leaving $2.244 in the $1.000 challenge war chest. This week the bet is into a company that already has had an amazing upturn.

Tune in to this week's trading podcast with Jim to see what this week's bet is.