Your Market News For The Week… (04/28/2024)

If you thought last week was wild…You’re going to LOVE this week

After what felt like relentless selling, stocks were FINALLY able to put in an AMAZING comeback last week! 

Fueled by AI fever, stocks put in the best week of 2024!

But let’s get ready because we have a heavy week ahead.

Let’s begin with the BEST information to get you started. 😎

I’ll divide it into: 

1. Market Outlook

2. Earnings

3. Economic Outlook

4. Top Stocks 🔥

Market Outlook

What a ride! 

We told you last week that if the S&P500 could hold 496, then we could see 510 this last week, and wouldn’t you know it… 

That’s EXACTLY what happened! 

The S&P500 bottomed at, you guessed it, 496 and closed the week higher, topping out at, you guessed it again, 510.

So what now? 

Well, keep your seat belts buckled because we’re not out of the woods just yet…

We still have two heavyweights set to report this week, AMZN and AAPL, on top of arguably the most important economic data point yet to come: Non-Farm Payrolls.

Earnings 

(This will be a very busy week; we will see, with Amazon and Apple both reporting this week.)

Economic Outlook

There is nothing major to report until Wednesday’s FOMC, followed by Friday’s NFP. Those will be major market-moving events… 

Top Stocks 🔥 

TSLA - After a favorable response to last week's earnings report, TSLA has seemingly reclaimed its 20-day simple moving average. Additional upside positions will be evaluated for an upside continuation.

AAPL - Not a typical earnings mover. Short premium earnings trades will be evaluated this week.

HD - With earnings two weeks away and defending its 200-day simple moving average, we’ll be reviewing upside positions for the week  

RBRK - A newly minted IPO, this best-of-breed tech is on HEAVY watch for starter equity positions

There’s something I have to tell you…

Every Monday at 12:00 PM EST, I do a livestream on YouTube going through my Weekly Trade Plan for the week…

Explaining in-depth charts, analysis, and news.

Tune in to the live stream that I’ll be sharing levels. 😎

Join us only if you want to create the best trade plan for next week.

Subscribe To Receive Notification For Weekly Trade Plan

Rooting for you,

Paper Gains.