The Next Bull Market

Check out what is moving the markets

Hey, Extra Guac-ers ๐Ÿฅ‘ What a wild end to the week! The stock market is on a mission, and we have the latest updates so you donโ€™t miss out๐Ÿ‘Š

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  • ๐Ÿ”ฅ The Next Bull Marketย - Check out what is moving the markets

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๐Ÿ”ฅ The Next Bull Market

  1. Dow's Big Jump: The Dow Jones surged over 500 points as investors bet on the end of the Fed's rate hikes. The Nasdaq and S&P 500 also closed higher, with gains around 1.8% and 1.9%, respectively. This rally followed the Fed's decision to hold interest rates steady. Traders are now 85% confident there will be no more rate hikes this year. ๐Ÿš€๐Ÿ“ˆ

  2. Earnings Highlights: Apple's quarterly report was the center of attention, with Starbucks and Shopify also making waves. Starbucks soared nearly 10% after beating revenue and earnings estimates, while Shopify's shares jumped over 20% thanks to its return to profit. Investors are closely watching these reports for insights into consumer spending and tech performance. ๐Ÿโ˜•๏ธ๐Ÿ’ป

  3. American Airlines' Turbulence: American Airlines' stock has plummeted by about 90%, with its market capitalization dropping to $7.1 billion. This stark decline is largely due to soaring debts and investor pessimism. Interestingly, despite the size and scope of its operations, American Airlines' valuation lags significantly behind its peers. The stock market slump for major airlines indicates investors are bracing for lower earnings in the coming years. โœˆ๏ธ

๐Ÿ“…Weekly Recap: The stock market has shown no weakness the past week, pushing to new highs! The last ten days have proved to be one of the most epic rallies in history. While the open gaps below are a reason to worry about a pullback, all lights are flashing green for continuation.

  • โœ… Daily RSI under 61

  • โœ… Weekly RIS 56

  • โœ… Fear greed index at 40

  • โœ… 3% till high of the year

  • โœ… 6% till all-time highs

๐Ÿ“‰Short-Term Levels:

  • 442-444 - major resistance zone with sellers

  • 431-432 and 423-426- Open daily gaps from the past week

Top Chart of the Week | CCJ โšก

This stock looks set to explode (in a good way)! $CCJ looking tasty for a breakout to all-time highs! Energy seems to be the hottest sector for the past 12 months, and the uranium sector appears to have been overlooked. Watch if the next breakout can push CCJ to the 50s OR HIGHER!

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