4-29 Pod - $AAPL upgrade, $TSLA boom, a Fed Meeting and Earnings from $AMZN, $AAPL, $LLY and other Core Portfolio companies - a big week
Quite a bit of news and are we going higher? The QQQ ETF seems to be running up against significant resistance at $434 so earnings will need to be strong.
I’ve been posting the QQQ chart quite a bit and went in depth on the weekend’s paid newsletter with some additional trade ideas, but QQQ at $434 is resistance. Once we pass that and hold it, that will turn to support, but right now I’d still be conservative in your trades and buys. I’m investing for the long term and did make a buy on Friday, but trading in this market is more about finding opportunities. That’s where my 4 hour algorithm really helps me. Remember that you have to find tools that give you an edge. My tools are Trendspider and Seeking Alpha Premium which both help me find opportunities and determine entries and exits. Alpha Picks is just a good way for me to help find long term winners with analysis.
Spotify, Apple and YouTube Links
Spotify
Apple
YouTube
Pod Notes
Monday
I will be on vacation Wed - Fri this week - MAYBE newsletter - but I’m going hiking in Utah
Just looked at my portfolio and here’s my largest holdings by rank
AAPL
MSFT - by very little and positions 2-4 could fluctuate based on price
AMZN
GOOG
I bought a bunch of $SMCI on Friday
Traders are looking ahead to a week with more corporate earnings, key labor data and a Federal Reserve meeting.
$QQQ had a weekly inside candle last week - but tech earnings again could push us higher with a fed decision that most likely is a no decision
$TSLA rose because they may launch FSD in China after a surprise Elon visit there.
$10k invested 20 years ago … this is why buy and hold matters
No oil exposure?
Earnings
$SOFI beat
$AAPL upgraded
If you don’t have a custom ability to look, you can use earningshub.com to see a great visualization
$DXCM down - but I might argue this will rebound back
Social requests
SCANS
LLY
AMZN
ETSY
QYLD
MPC - nice pullback before earnings
AMR
UCO
SLB
COP
KOLD
CHRD
MRO - same as MPC
HAL
DRUP
CAH - an alpha pick that will be good to get on a pullback with confirmation
MU - it’s going for a 2nd leg higher
QS
CDNS
Bryce? Enjoy the hike.
Big week indeed!