Insider Tips - Weekly Stock Market Report - Week July 8, 2024

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This week, I'm thrilled to share some exciting updates in the stock market. We're in a green market, and I've seen significant stock breakouts, with a strong bullish momentum driving prices higher. It's a great time to capitalize on these opportunities, but remember to do your homework before diving in.

Market Trends: I hope you had a fantastic 4th of July celebration. This week, we're seeing a strong green market trend. The bullish momentum continues to push stock prices higher, with increased buyer activity likely influenced by the Federal Reserve's policies. The NASDAQ and S&P 500 have reached all-time highs, while the Dow Jones and New York Stock Exchange are performing well above their major moving averages. This indicates a particularly strong performance in the tech sector, which includes companies like NVIDIA, Apple, Microsoft, and Tesla.

Technical Analysis:

NASDAQ: Achieved an all-time high with a gap up from three weeks ago.
S&P 500: Also at an all-time high, showing similar upward momentum.
Dow Jones Industrial Average: Not at an all-time high but above major moving averages.
New York Stock Exchange: Not at an all-time high but maintaining strong performance above major moving averages.
VIX (Volatility Index): Down, suggesting lower market panic and higher investor confidence.

Individual Stocks:

Apple: Recently broke out above the $200 level, currently trading around $225-$226.
Tesla: Experienced a high-volume breakout, rising from $138 to $248 in a few months.
Super Micro Computer: Broke out at $350, ran up to $1200, now in consolidation.
Amazon: In the second week of a high-volume breakout.
Alphabet (Google): Strong long-term uptrend, past its breakout point.
Microsoft: Showing a small but steady breakout.
Meta (Facebook): Starting a breakout, with a strong relative strength rating.
JP Morgan: On a breakout, with potential benefits if the Fed lowers rates.

Key Takeaways:

Current Market Sentiment: The market is bullish, particularly in the tech sector.
Opportunities: Look for breakout stocks, as they present significant potential for gains.
Volatility: With the VIX down, the market is experiencing lower volatility, making it a favorable environment for investment.

Conclusion: We're experiencing a robust bullish phase in the stock market, with significant breakouts in major tech stocks. I encourage you to take advantage of these opportunities but make sure to conduct thorough research before making any investment decisions. Additionally, I'm excited to announce my upcoming "Trade Like a Pro" course, starting on July 17th. This course offers mentorship and live trading sessions to help you identify and capitalize on breakout stocks. I hope to see you there!

Current Market Condition:

This week, we're experiencing a strong GREEN market, marked by bullish momentum and significant stock breakouts. As a reminder, the rule in our systems is you MUST buy/add something at the beginning of a Green market.

Stock Tip of the Week:

In this video, I am showing my Power Screen list. Just OF these stocks could change your life. Which one?

Tesla beat its sales and vehicle delivery numbers this past week. The stock is on a high volume breakout. Are you watching or participating? Did you see the video?

I have been putting out a lot of stock trading videos lately with potential breakouts, covered call opportunities, and ideas for you to research. Have you traded ANY of them? If not, you have left a lot of money on the table. Check out the latest video here.

Bitcoin has dropped about 25%. 3 stocks to sell covered calls on. Check out the video here.

Podcast this Week:

Tune in to this week's podcast episode as Mark and his guest Andrew Einhorn delve into the fascinating intersection of AI and investing, exploring how AI can transform investment decisions and strategies.

Last Few Days To Save:

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Insider Tips - Weekly Stock Market Report - Week July 8, 2024

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