Trading Tips With Jim Stromberg

Welcome to episode #25/2023! This time, we're diving into the hot topic of the market's current status. Is a major market correction right around the corner? With all signs pointing to an overbought market, it's time we take a closer look. Join us in this enlightening discussion, where we dissect why the market is in overbought territory. We'll also share practical tips on how you...

Could we finally be witnessing the dawn of a bull market, with the Nasdaq establishing a new footing above the 13,000 points benchmark? The index is currently overbought by both chart and numerical indications, signified by a surging volume of stocks issuing buy signals. Yet, solid support lies beneath, and this fact bolsters the growing optimism that we've likely weathered the worst of the st...

The buy signals are indicating an overbought market condition, which could potentially drive the Nasdaq even higher or serve as a warning sign to reduce risk. Oil has once again come into play, with indications suggesting that its upward trend will continue as Opec+ further cuts production. Chevron (CVX), currently holding the largest position in the trading tips portfolio, stands to benefit from...

This week, we have made the decision to add Foot Locker Inc (FL) to our portfolio. The choice is based on the promising low RSI, indicating the potential for significant upside. Similar to our successful Pinterest pick in week 20, which has already yielded a 13% increase in the portfolio, and the Nvidia pick from week 19, we believe Foot Locker holds promise. However, it is important to acknowledg...

The Nvidia tip in week #19 was a big hit, and last week's Pinterest tip performed exceptionally well. However, there's a concern that this week's release of Nvidia's quarterly results, combined with a volatile market, could have a harsh impact on Pinterest. Additionally, unsettled debt discussions and the impending deployment of F-16 aircraft to Ukraine indicate that we might be he...

This week, our bet is on the Pinterest [PINS] stock, which is currently oversold. If there is a resolution to the debt ceiling negotiations, Pinterest may experience a short-term upturn. However, economic data continue to fall short of expectations, and stagflation looms ahead. As signs point towards a potentially prolonged and challenging economic downturn, it's crucial to consider how the ma...

The charts indicate a possible mini rally on Nasdaq this week, but it will all come down to the fuzz and reports around the US debt ceiling. Getting into Nvidia last week was a good call, and Tesla, as mentioned in the podcast on week 17th, did precisely as expected. With little resistance above, Tesla is poised for a further upturn in the short term. The favorite commodity, gold, continues to do...

This week will likely be volatile for the market as it faces a series of tests from various events. Firstly, the fallout from First Republic Bank, Powell's, and Feds' speeches on Wednesday could have a significant impact. Secondly, the release of quarterly results by major companies such as Apple will also be closely watched. Additionally, the jobs numbers on Thursday and Friday will provi...

Week 17, 2023, is here, and so is a new episode of Trading Tips with Jim, where we bring you the latest market news and insights to help you navigate the complex world of trading. In this episode, we will discuss the upcoming volatile week in the market, which is set to be dominated by the release of crucial GDP numbers and major quarter results. Whether you're a seasoned investor or a beginne...

A double top formation has been identified in the chart, indicating that Nasdaq will fall 12.76% over 40 trading days and hit 10.576 points low. However, if the formation is broken up, it will become false, and that, with little resistance above, indicates a strong upturn. What will it be? This week NIO will be added to the portfolio that already holds CVX, NOC, and ZOM. Tune in for this week'...

Terrible week for the markets last week, where Nasdaq fell more than 4.7%. A new week is here, and with lots of resistance above and weakening support below the risk-reward trading, the oversold markets are not as good as you want them to be. This week will be plagued by the ongoing crisis in the banking sector, and with CPI and PP numbers coming out, we are heading for a very volatile week. This...

This week Jim will pursue a gamble and spend the rest of his 62% profit from the Meta trade into three new stocks: Mullen Auto, JD, and Nio. That will bring the trading portfolio up to 6 stocks this week with a high volatility exposure. Nasdaq shows all technical signs of a green week, but work numbers and Fed talks will decide how it ends.  Tune in for 35 minutes of pure stock market updates...

This week will strongly indicate what awaits the markets forward as Nasdaq tests the support from the middle of the trend while being low on the relative strength index. To reduce the risk and still have some potential good upside, this week's bet lands on Chevron [CVX]. Last week's gamble into Northrop [NOC] as a stronghold did the job as Nasdaq fell more than -3% last week. This week's trading p...

In a world where conflicts continue to rise, it's no surprise that the aerospace and defense industry is in the spotlight. Join us in this week's podcast as we discuss the top suppliers, including Boeing (BA) and Northrop Grumman Corporation (NOC), and share our insights on the current stock market conditions with rising inflation. We also analyze Lumen Technologies Inc (LUMN) and predict a possib...

Get ready for a rollercoaster of a week as crucial inflation data is set to hit the markets on Tuesday and Friday. Will Fed Chair Powell and the Fed's predictions hold true about inflation tapering off, or will we continue to feel the burn? Despite some easing of overbought signals last week, the technical indicators suggest a potentially rough end to the trading week. But don't worry! Correction...

Meta cut by stop-loss last week and is now out of the portfolio after yielding 62% profit! The current overbought status of the US market and stocks suggests a correction is on the horizon, so we're shifting our focus to safer investments in oil and gold. The recent strong job numbers have raised questions about the future of interest rates, with Fed Chair Powell's sitdown on Tuesday being closely...

Can the markets push higher as Nasdaq now has the highest RSI14 and 21 since the last major falls more than a year ago, or will there be a natural correction? This week will be filled with quarter results, and Wednesday, Powell will give the FED decision on the interest rates and the expectation forwards. Volatility should rage the markets this week, as the bear and the bull again will fight for t...

This trading week will be filled with quarter results as Nasdaq flirts in overbought territory. A mix that potentially leads to a very red market or sparks more upturns as volatility again is to hit the markets. Jim's trading tips portfolio is unchanged this week as none of the stocks were taken out by stop-loss last week. Meta is now up almost 21%, while Occidental is up close to 11%. Wild card Z...

As the elite gathers in Davos to discuss global issues, the market may experience a rough week. But don't let that discourage you! A market dip can be a prime opportunity to invest. Tune in to our stock podcast with Jim to discover how understanding trading volume can give you an edge and avoid costly mistakes. Plus, get this week's top trading candidates and insight on what's ahead for investors...

In this week's podcast, Jim focuses on the week ahead and reveals some events that will affect the trading week. Last week's trading tips saw some significant moves: FATE went down 57%, and Mullen and ZOM went into a rally. Meta continued the upturn, while the newcomer Occidental Petroleum (OXY) was a good choice. In this week's podcast, Jim argues why he thinks Tesla may be a good choice at curre...

In this week's podcast, Trading Tips With Jim Stromberg, he reveals some of his 2023 predictions and explains where he thinks the good bets for the year will be. He also gives some insights into the critical topics of inflation and recession and how these will play out during the year. In this extra-long podcast, you will get a summary of the trades made in 2022 and, of course, get the first set o...

The final trading week of 2022 is here, and hopefully, it will end on a better note as a challenging trading year ends. In this last trading tips podcast for 2022, we found some candidates that might do good and described how to find more candidates that generally should have a re-bounce this week. Last week's picks are still open in the trading tip portfolio after some gains and losses.  Thi...

In this week's trading podcast with Jim Stromberg, we are taking a small gamble on a solid final as we put the bets on some high-risk stocks. After a strong year with substantial profits, the stake falls on highly beaten stocks to make a last-minute recovery as 2022 is fading away. Not only do we gamble high this week, but we also try to take a quick look into 2023 to prepare for what will be a tr...

We are getting to the end of the trading year; statistically, this proves to be one of the better parts of the year. With a new week of heavy fundamental data, like CPI and Fed decision, the road ahead can go both ways. Will the statistics be right or wrong? After betting on a red week last week, where Nasdaq lost almost 4%, Jim is betting on a green week this week, with the potential of an end-of...

In this week's episode of trading tips with Jim Stromberg, he shares some of his insights and expectations for the next few months ahead of us. Cold is creeping in from the north over Europe over the next few weeks, and the oil cap on Russian oil may be the one ignitor to push oil and energy into a final rally. A good portfolio should reflect all eventualities, and getting an idea of what awaits i...