Stock Market Bottom is Here! #29
Is the stock market bottom here? Get prepared for the week ahead with this newsletter on stocks to buy and market analysis.
Earnings Calendar
We got Tesla reporting earnings on Tuesday, Meta on Wednesday and Microsoft on Thursday. We will be seeing a lot of volatility in the markets as these blue chip companies report earnings this week as well as next week.
1. SPY 0.00%↑ Bullish Sentiment
SPY 0.00%↑ is at a critical level of support of $495. The RSI indicator is at oversold level. The SPY 0.00%↑ has been down 5% this month. The market sentiment is bullish since the probability of us bouncing is higher than going lower.
2. QQQ 0.00%↑ Bullish
QQQ 0.00%↑ very similar to SPY 0.00%↑. Massive support of $413 which was a previous resistance. The RSI is at oversold levels.
3. MSFT 0.00%↑- Weekly Calls To Play Bounce
MSFT 0.00%↑ $400 level is a respectable level of support. I want to play weekly call options to play a quick bounce off the support. Just 1 green day for the stock 1%-2% can result in a quick 50%-100% on Weekly Call Options.
4. GLD 0.00%↑ - Weekly Calls To Play Breakout
This is the number 1 play that I am watching this week. An amazing A+ setup with a ascending triangle setup on the daily timeframe. Bullish above $222 Price Target $225 weekly.
5. RIOT 0.00%↑ - Bitcoin Mining Company, 1 Year Hold Shares Play
We just had the Bitcoin halving last week on Friday. Bitcoin is consolidating on the daily and the RIOT 0.00%↑ chart also looks amazing. $9 is a great buy for shares for a 1 year hold.
6. NKE 0.00%↑ - Weekly Support
When was this posted why are the charts old?