#03/23 Trading Tips With Jim Stromberg | Red 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. Tune in for more updates!

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.

This week will be all about FED and Nvidia as the market is battling to move in the next direction. First out is the Nvidia presentation on Monday, while FED and Powell will give a market update on Wednesday. Xpeng will give the quarter results on Tuesday. 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 on a company that already has had a fantastic upturn. Tune in to this week's trading podcast with Jim to see what this week's bet is. © 2024 StockInvest.us from UAB "Exigam" 🚨 Disclaimer: This video is for informational purposes only and is not financial advice. Always consult with a professional financial advisor before making investment decisions. #StockMarket #TradingStrategy #nvidia #fed #Inflation #EnergyPrices #GoldmanSachs #MorganStanley #WeeklyJobNumbers #StockInvestment #NIOStock #StockMarketAnalysis #StockMarket2024 #TechnicalAnalysis #CryptoUpdate #BitcoinTrends #Investing #FinancialAdvice #MarketPredictions"

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! Visit StockInvest.us and Getagraph.com for in-depth market analysis and tools. Exciting News! 🌟 New dividend and fundamental pages now live on StockInvest.us! Check them out here: https://stockinvest.us 💸 Special Offer: Use the promo code "PODCAST" for a 25% discount on StockInvest.us. © 2024 StockInvest.us from UAB "Exigam" 🚨 Disclaimer: This video is for informational purposes only and is not financial advice. Always consult with a professional financial advisor before making investment decisions. #StockMarket #TradingStrategy #TechLayoffs #Inflation #EnergyPrices #GoldmanSachs #MorganStanley #WeeklyJobNumbers #StockInvestment #NIOStock #StockMarketAnalysis #StockMarket2024 #TechnicalAnalysis #CryptoUpdate #BitcoinTrends #Investing #FinancialAdvice #MarketPredictions"

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