News / Uncategorized
[Platinum Watchlist] (5.16.23)
[Platinum Watchlist] (5.16.23)
August 22, 2023
Good morning.
The futures are slightly down this morning as Home Depot reported disappointing earnings and the market awaits the outcome of the debt ceiling talks later today. Markets continue to trade rangebound.
Today, we will be managing our current positions in the paper trade portfolio. Analysis can be seen in the above post.
Depending on market conditions, there may be an opportunity to re-enter a position in SEDG if there is a significant pullback in price action as all the indicators are still positive with rapidly rising 9 & 20 day moving averages. We will need to wait until after market open to see where price action takes us.
The NDX has been trading slightly above its range over the past several days, however as we look at a wider view of the QQQ chart, we can see an ascending wedge pattern which is considered bearish and can indicate a potential breakout to the downside.
MSFT & AAPL represent about 25% of the weight of the NASDAQ meaning moves in these stocks can affect the index as a whole. Both of these stocks have been trading sideways lately failing to get past key resistance levels, so be aware of this situation.
Swing trading requires patience and discipline, especially during times where the market is rangebound.
We appreciate your support of the Platinum Channel. Have a great day!
This information is for educational purposes and not a recommendation to buy or sell a stock.
Share this article:
More in Uncategorized:
Ultra Clean Holdings (UCTT) July 25, 2024, Earnings Call Summary
Future Price Projections Participants: Rhonda Bennetto – Senior Vice President, Investor Relations Jim Scholhamer – Chief Executive Officer Sheri Savage...
[Platinum Watchlist] (5.16.23)
July 26, 2024
APPLE, MICROSOFT, NVIDIA PRICE TARGET 🎯
Short term, price targets for the top three S&P 500 holdings
Short term, price targets for the top three S&P 500 holdings The following are my price targets for the very...
Trent Grinkmeyer
July 25, 2024
Nvidia's Stake in Serve Robotics: A Game-Changer for AI-Powered Delivery?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in Serve Robotics, a company specializing in autonomous sidewalk delivery robots. This revelation sent Serve's stock soaring an impressive 233% over two days. But what does this mean for the future of AI-powered delivery, and should investors jump on board?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in...
Trent Grinkmeyer
July 24, 2024
The Commercial Real Estate Crash
Its Ripple Effect on the Banking System and The Stock Market
The commercial real estate market is on the verge of a significant downturn, potentially mirroring the infamous 2008 financial crisis....
[Platinum Watchlist] (5.16.23)
July 23, 2024
The Democratization of Compute
A Paradigm Shift in Business and Investment Artificial Intelligence (AI) is undeniably transformative, poised to revolutionize the world as we...
Kerry Grinkmeyer
July 23, 2024
Are Google and Meta Heading for a Stock Price Slump?
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major players. Today, I want to discuss two tech giants that have long been darlings of Wall Street: Google and Meta. While they've enjoyed impressive growth and dominance in their respective fields, there are signs that their stock prices might face some headwinds in the near future.
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major...
Trent Grinkmeyer
July 23, 2024