🌯 Debt Ceiling Can't Hold Us

🪙Debt Ceiling - Biden and House Republicans agreed on the debt ceiling, spending cap, and key fiscal measures. 🤖AI Takeover - Check out the top stocks leading the market rapidly higher. 🌮Daily Menu - See the spicy stock movers, the chef's top pick, and more.

We hope you're feeling refreshed and recharged after the weekend, ready to dive into another exciting week with us. 😄

  • 🪙Debt Ceiling - Biden and House Republicans agreed on the debt ceiling, spending cap, and key fiscal measures.

  • 🤖AI Takeover - Check out the top stocks leading the market rapidly higher.

  • 🌮Daily Menu - See the spicy stock movers, the chef's top pick, and more.

🪙 Debt Ceiling Can't Hold Us

In a rare political duet, President "Deal-Maker" Biden and the Debt-Ceiling Dancers (aka House Republicans) agreed on raising the debt ceiling and capping spending. This fiscal fiesta features a two-year debt limit sequel, a well-fed defense budget, and fully funded veterans' medical care. 

It doesn't end there! They're serving up work requirements for food stamp recipients – no free lunch here – clawing back unspent Covid-19 funds, and slimming down the IRS budget. Students, it's time to restart loan repayments – the party's over! And finally, they're keeping Mother Earth grinning with climate and clean energy measures.

🤖AI Takeover

Holy guacamole! Last week, the Nasdaq 100 Index spiced up by 3%, while the Dow Jones Industrial Index played it cool like a cucumber. This wild salsa dance between the two shows investors are feeling uncertain and can't decide where to dip their chips. 

But fear not, amigos! The "Spectacular Seven" stocks – $AAPL, $GOOGL, $MSFT, $AMZN, $META, $TSLA, and $NVDA– are the hottest burritos in town, responsible for the Nasdaq 100's $4 trillion fiesta of market valuation growth this year. Other tasty treats in the AI space include chipmaker $MRVL, cloud-based security maestro $ZS, and $AMD. So, while investors may be unsure of the overall market flavor, they're definitely craving some AI-filled, high-return enchiladas.

Keys to Approaching Your Next Trade

  • Maintain a clear head before every trade

  • Approach each trade with a fresh perspective

  • Let go of emotional attachment to previous trades

  • Focus solely on the present opportunity

  • Avoid making rash choices based on past experiences

📈 Bulls Key Levels: A breakout over 424 could result in an aggressive move into the 430s

📉Bearish Key Levels: As we trade into channel resistance, we can expect sellers to keep the stock down with consolidation or even a reversal to the channel support

⚠️Warnings: Breaking over the channel raises the risk of a false break which would give the bears ammunition to drive $SPY to the channel support

Top Chart of the Week | COST 🛒

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