News / Uncategorized
[platinum insights] What to expect this week!
[platinum insights] What to expect this week!
August 21, 2023
Stock market futures are flat to up slightly this morning along with oil.
Apple is up slightly in premarket with news that the number of covid cases in China is easing.
Today’s economic reports include the Case-Schiller U.S. home price index and the consumer confidence index.
There are no scheduled speeches by FED presidents today, however Jay Powell, Lisa Cook and Michelle Bowman will speak tomorrow which we expect to hear more hawkish talk about the need for continued rate hikes. Friday will bring us the employment report so volatility will be the name of the game as the market searches for direction.
Yesterday’s market price action decline eliminated many possible swing trading set-ups, however these price action movements are necessary for developing future set-ups and require patience. Swing trading is about hitting singles and doubles and preserving gains.
Today we will continue to watch price action in the S&P to see if price action closes above the 9-day SMA or continues its path toward the 20-day SMA. Have a Great Day! This information is for educational purposes and is not a recommendation to buy or sell a security.
Share this article:
More in Uncategorized:
Hedge funds and banks typically use multiple time frames for intraday trading
Hedge funds and banks typically use multiple time frames for intraday trading, as this allows them to gain a comprehensive...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
August 30, 2024
Nvidia Earnings Call: A Record Quarter with a Twist
Nvidia’s Q2 earnings call was a mixed bag, with the company reporting a record quarter but also revealing a drop...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 29, 2024
Nvidia Earnings: A Critical Moment for Big Tech
As we approach Nvidia’s earnings report, the tech world holds its breath. This isn’t just about one company’s performance; it’s...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
August 28, 2024
The Sleeping Giant: Why Intel is an Undervalued Stock
As the world’s largest semiconductor company, Intel (INTC) has long been a household name in the tech industry. However, despite...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 23, 2024
The Trillion Dollar Addiction...
The Trillion Dollar Addiction That Amazon, Google, Meta and Microsoft Will Be Selling Next Year As I discussed in my...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 19, 2024
What is an AI Agent? What Can It Do For You? Where Can You Get One?
As I discussed with my tribe during our recent stock talk, I’m excited to share with you the concept of...
[platinum insights] What to expect this week!
August 18, 2024