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OnlyStonks: Let's Do This 🚀 8 months ago
by: Leddy T
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No Stops Capital 9 months ago
by: Leddy T
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Week Ahead: August 19-23, 2024


  • SPY currently 554.31 and QQQ currently 475.03 
    • SPY/QQQ - daily has all technicals in favor, up we go back to ATH
  • Calendar
    • Some to watch out for, but likely not negative: FOMC minutes/Wed; JPow from JHole/Friday; PMI/Thursday
  • Market Headwinds (just keep an eye out)
    • RE - seeing a lot of houses for sale 
    • Yield curve un-inverting (normally confirms recession)
    • JPY carry trade not over
  • Swings I like
    • love SMCI - market has this one wrong from ER, currently 628
    • love MU - sold out of memory for 2025, currently 108
    • AI trade in general - note how Wall Street kicked up a fuss about cost and suddenly companies are showing how it IS working for them.  This should let the AI trade continue and carry entire market still; plus NVDA earnings coming up on Aug 28
    •  AMZN - currently 177
    • I like GOOGL, but this battle with DOJ brings on uncertainty and market doesn’t like that. currently 163
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Market Overview by TradingView
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