Trading Tips With Jim Stromberg

A new trading year is upon us, and it promises to be a special one. While the world grapples with inflation, wars, and a divided political climate, Nasdaq roared and gained more than 43% last year. What does this year hold? Will it be the magic year of insane gains, or will the dreadful statistics prove right, causing a second wave of falls that vaporizes previous gains? In the $1000 challenge, RP...

This week, the Federal Reserve (Fed) is scheduled to speak on Wednesday, where it will be announced whether the interest rates will remain unchanged or be adjusted. Before this, on Tuesday, the Consumer Price Index (CPI) figures will be released, providing insights into the current inflation trends. The major bet in the market right now is for Fed's to start cutting rates in 2024. Repare Thera...

Gold is setting new all-time highs as it moves faster and faster upwards to the $2500 target, making the long-term bet into gold a solid investment. Nasdaq remains stubborn in overbought, and NYSE is hitting 55% buy signals. The last time that happened was followed by some rapid falls, but with optimistic markets, a new green week may lie ahead. In the $1000 challenge, Tekay will be replaced by a...

On Thursday, crucial inflation data will impact the market with the release of the Personal Consumption Expenditures (PCE) numbers. This could either boost or sink the market, as it will guide the Federal Reserve on whether to increase interest rates or not. The Nasdaq continues to push into overbought territory, while the number of buy signals is gradually decreasing. Gold is again over $2,000, a...

The Nasdaq index shows signs of being overbought, with its RSI14 (Relative Strength Index) topping a historically high of 91, indicating that investors are anticipating further upward movements. Significant market activity is expected despite the shortened trading week due to Thanksgiving on Thursday. Notably, Nvidia is slated to announce its quarterly results this week, which could further influe...

This week, we're set to receive new inflation data, and major corporations such as Target, Home Depot, Cisco, Advance Auto Parts, and EV manufacturer Xpeng are scheduled to release their quarterly results. The US is facing challenges in selling new debt; we'll explore how this might impact future markets. In this week's episode of the Stockinvest podcast, 'Trading Tips with Jim,&#3...

Last week's bet on a strong performance was a good choice, as the NASDAQ rose 6.6% last week, making it the best week in 2023 for the index. The question remains whether this momentum can be sustained this week as the NASDAQ now approaches the upper boundary of the falling trend. In the $1000 challenge, switching from OXY to NIO has so far yielded an 8.15% profit, but there appears to be poten...

Nasdaq is oversold on RSI, and the buy and sell signals are flagging a short-term buying opportunity where Nasdaq should be able to push back to the 13,000 level. The week will again be packed with quarter results, with Apple numbers coming on Thursday, but before that, FED and Powell will give their speech on Wednesday. In the $1000 challenge, a new bet will be placed, this time on NIO. All in al...

Markets are struggling, with the Nasdaq once again dropping below 13,000 points. Geopolitical tensions are escalating just as US markets approach the significant quarterly results week. Companies such as Microsoft, Meta, General Motors, and Boeing will release their figures. Amidst this turmoil, investments in oil, gold, and war continue to yield returns, offering a relatively safe haven in the ma...

This week, the bet in Occidental Petroleum (OXY) continues. As the market faces the geo-political uncertainties with the war in Ukraine and the brewing war in the Middle East, the bet is that oil prices will continue up and the markets will be very volatile. Mitigating the risk by staying in dividend payers and good trends seems more critical than ever as Nasdaq again is balancing on the edge of a...

This week, new inflation numbers will hit the market as it tries to take a stand on how the war in Israel will impact the markets. Oil prices are roaring back as possible sanctions against Iran could cut supply and put pressure on prices. Everything indicates a very volatile week, but the low number of buy signals suggests a positive week for Nasdaq Stay updated on market trends, insights, and mor...

Nasdaq barely finished in the green last week with a slight increase of 0.05%. Given its oversold status and position at the bottom of the trend, there is a high likelihood of another positive week for Nasdaq. With many companies currently undervalued, selecting the right investment could yield strong returns in a market rebound. The $1,000 Challenge has seen a 12% increase since its inception. Cu...

Recent indicators suggest that the Nasdaq might be poised for a rebound. Despite being considerably oversold, its current pivot bottom on the RSI chart and a record-low 12% buy signals hint at a bullish trend. As the week unfolds, key economic data points will be released, including consumer spending figures, GDP growth, jobless claim reports, and quarterly results for leading brands like NIKE, Co...

This week, the Nasdaq is set to test the 13,600-point support level. We're also anticipating insights from the Federal Reserve on Wednesday. Concerns are rising over the escalating situation in Taiwan, which could significantly disrupt the stock markets if it intensifies. Last week, Tetra Technologies Inc (TTI) boosted earnings in the $1000 challenge. The question remains: is TTI still part of...

This week, the August inflation numbers will be released on Wednesday. For August, the inflation is expected to go up by 0.6%, while the 12-month inflation is expected to rise by 3.6%. Apple will be in focus tomorrow as the company has its yearly presentation. Usually, the event leads to a jump in the Apple stock price. Will that be the case this time? This and more in this week's episode of T...

After two consecutive positive weeks on the Nasdaq, the charts and signals indicate a high likelihood of a weaker market this week. The US unemployment rate is creeping up as more people look to join the workforce, and oil prices continue to rise. Are we potentially heading towards the infamous stagflation? After experiencing losses, the $1000 challenge is back in the green. The question now is: w...

A low amount of buy signals and a significant number of stocks at the lower end of the trend channel indicate a high probability for yet another green week at Nasdaq. The week's primary focus will be PCE numbers on Thursdays, along with job numbers. Several companies are scheduled for quarter updates, and among these are NIO. Signs indicate a new upturn ahead for the EV sector with a potential...

A limited number of buy signals suggest that the Nasdaq could be approaching a turning point, possibly as early as this week. The spotlight this week will primarily be on Nvidia (#NVDA) and the commentary from Powell and the Federal Reserve on Friday. Intercept (#ICPT) will be exiting the $1000 challenge and will be replaced by a speculative position in Hawaiian Electric Industries (#HE). After se...

FTC Solar Inc., Cisco, and Verizon might offer investment opportunities this week as more stocks appear to be reaching potentially favorable buying positions—either due to being oversold or sitting at the lows of their respective trends. AI and EV sectors are likewise moving into accumulation zones, as recommended in earlier episodes of this podcast series. The $1000 challenge continues to show a...

This Thursday, we might find a reason to celebrate modest inflation figures. However, the recent increase in oil prices suggests that inflation will not disappear soon. Disney's performance will become apparent as they release their quarterly results this Wednesday. As stocks currently reside at the high end of the trend, there's potential for further corrections. Now is an opportune time...

This week, industry giants Apple (AAPL), Amazon (AMZN), and numerous other top-tier companies are slated to unveil their quarterly results. Intercept is the chosen stock for our $1,000 challenge, which will announce its results on Wednesday, August 2nd. Tune in to our special holiday edition of 'Trading Tips With Jim' from the picturesque Old Town of Riga. Websites mentioned in today's...

A hectic week awaits the markets, with over 150 companies poised to announce quarterly results. Among them are prominent players such as Meta, Alphabet (Google), and The Coca-Cola Company. In addition to these corporate announcements, we anticipate key Q2 GDP figures and the potential for a new rate hike from the Federal Reserve. While the market speculates this could be the last rate hike, Fed Ch...

This week we're excited to kick off the new "Trader Portfolio" in our podcast series, home of the intriguing $1,000 challenge. Join our host, Jim, as he sets out on a mission to maximize a $1,000 investment. In this week's episode, Jim reveals the first stock he's targeting for a potential 20-30% return. But it's not all smooth sailing. With buy signals veering into overb...

Electric Vehicle (EV) stocks are red-hot, indicating significant long-term growth potential. A few weeks ago, we recommended EV stocks, and indeed, they've performed impressively. One such example is Tesla, which, after forming a head and shoulder formation about ten days ago, achieved the $240 target before bouncing back to the neckline. This week, we'll assess the strength of the necklin...

All signals indicate a red week ahead, and maybe more so for stocks in the AI hype. Tesla has formed a head and shoulder formation (HS) indication of a minimum $20 drop to $240. If this formation is proven false, the stock will jump quickly to $300, so either way, it will be an exciting week for Tesla shareholders. More economic data and some Q-results this week will give a tell-tell on what the n...