5 Stocks You NEED To Buy Now: See What's Behind the Inflation & Bank Earnings!
In this newsletter I go over the top setups that I am watching and what to expect this week with the inflation numbers and bank earnings.
Economic Calendar
Inflation Numbers, FOMC Meeting Minutes, PPI & CPI are events this week that will make the market volatile. Expect overnight and pre market gap ups or down because of these events.
Bank Earnings & The Start of Earnings Season
Banks are starting up the earnings season this week. Last time Credit Suisse was going to report earnings the SEC came in to delay the publication of the report. It will be interesting on how these banks report earnings with the recent turmoil of Silicon Valley Bank & Credit Suisse.
S&P 500 - SPY 0.00%↑
SPY 0.00%↑ trading sideways the past couple of months. It is important to watch these key levels to know when the market is breaking its trend. A push above 411 is bullish to 434. Buying calls around 380 and playing it as a support bounce is what I am personally looking at, especially for some scalps on /es futures.
Apple Short
Apple has tested this resistance many times and has testing again this month. I am looking for a short 1-2 week short to fill the gap down below to 158. I made a previous video on this play for the full details —→
Walmart WMT 0.00%↑
WMT 0.00%↑ Symmetrical Triangle on the weekly & daily timeframe. A close above on the weekly timeframe is bullish around 151ish. This looks like an amazing swing for a month out calls. Walmart has also been trading sideways for the past 3 years since 2020. Looking like a great multiple day/week call hold. Stop loss if it closes below 150.
Gold
Gold has a incredible setup on the monthly timeframe! This is a HUGE play and I want to make a whole separate newsletter/video on. This is a long-term play for shares/leaps or just straight up buying real silver and gold. I have already bought some gold & silver and I’ll make a whole update on here!
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