Looking ahead…and a penny stock?!!
In this week's video, we dive deep into the market's recent performance and discuss our outlook for the upcoming week. Join us as we provide updates on stocks previously covered on this channel and unveil a special treat - a penny stock analysis! 📊 **Market Review:** It's been an eventful week in the markets, with notable sell-offs dominating the landscape. But the real question is, when will the sell-offs cease? In this video, we address this pressing concern and delve into our predictions for the upcoming week. As we discussed in a previous video, we have a couple of possible scenarios playing out. However, keeping a close eye on key indicators and where we stand is crucial. 💡 **Market Analysis:** Let's take a closer look at the market's performance. We'll break down the SPI's journey from October to July and from July to now. The recent drop has been significant, especially considering the Fed's hawkish stance and the release of their minutes. The markets reacted strongly to this, and we'll analyze the intraday charts to dissect the sell-off, the brief rally, and the slightly disappointing close. 📉 **Technical Indicators:** Examining technical indicators such as the RSI (Relative Strength Index) gives us a clearer picture of market sentiment. The SPI seems to be hovering around oversold territory, but what about the Qs? We'll explore how these indicators provide insight into potential market moves. 💰 **Trading Strategy:** Discover how we adjusted our trading strategy based on the market's current state. Learn about our dollar-cost averaging approach with TMF and our call option position on A.Q. Q-on-Q, a triple-leveraged instrument. We discuss our rationale for these moves and how we anticipate a potential rally. 📊 **Stock Updates:** Get the latest updates on the stocks we've previously covered, including Nvidia and Tesla. We explore Nvidia's recent performance, our price predictions, and what to expect from their upcoming earnings report. Meanwhile, Tesla's bounce off the trendline catches our attention. Find out if this trend continues and our expectations for the stock in the near term. 💰 **Penny Stock Potential:** In an exciting twist, we're exploring a potential penny stock opportunity - Rekor (REKR). We provide an in-depth analysis of the stock's recent movements, its short interest, and the potential for a squeeze. While penny stocks come with their risks, we discuss why this one has piqued our interest and what to watch out for. 📈 **Risk Disclaimer:** We always prioritize responsible investing and remind you that penny stocks are highly speculative and not suitable for everyone. Any investment involves risk, and penny stocks can be particularly volatile. Always do thorough research and consider your risk tolerance before making any investment decisions. 🔔 Don't forget to like, subscribe, and hit the notification bell to stay updated with our market analysis and insights. For exclusive content and a chance to join our private Discord community, check out our Patreon page linked below. Remember, learning is earning, and we're here to empower your financial journey. See you in the next video!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Doctor of Education, long-term investor, & stock trading enthusiast researching the markets and making decisions.
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