Cramer's week ahead; market needs obstacles resolved before a rally

Cramer’s week ahead; market needs obstacles resolved before a rally

CNBC’s Jim Cramer warned investors on Friday that a market rally has no chance of sustaining until the causes of the turmoil are resolved. “If we want the market to stage a meaningful comeback, we need China to reopen, Russia to withdraw from Ukraine, and the [Federal Reserve] to curb-stomp inflation with a 100-basis point rate hike,” the “Mad Money” host said. “Unfortunately, only one of those…

View On WordPress

Stocks head for another potentially treacherous week, after S&P 500 falls into bear market territory

Stocks head for another potentially treacherous week, after S&P 500 falls into bear market territory

Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 7, 2022. Andrew Kelly | Reuters If there’s more bad news from retailers in the coming week, that could be a negative catalyst for an already cranky stock market. Market pros are watching for more signs that stocks could be bottoming, though strategists say that is a tricky prospect and there…

View On WordPress

Jim Cramer predicts these 5 Charitable Trust holdings will rebound ‘after the smoke clears’

Jim Cramer predicts these 5 Charitable Trust holdings will rebound ‘after the smoke clears’

CNBC’s Jim Cramer on Thursday told investors that he’s optimistic that stocks of “amazing businesses“ will make a comeback once the stock market faces better conditions, highlighting five names in particular. “Over the long haul, I think the best way to make money is by believing, not disbelieving, by owning, not renting, by taking the pain and engaging. Not slamming the door and hiding in the…

View On WordPress

Retail investors continue to buy dip despite turmoil: TD Ameritrade

Retail investors continue to buy dip despite turmoil: TD Ameritrade

Retail investors have continued to buy the dip in the recent market turmoil, even liking tech despite the sector rout, according to brokerage TD Ameritrade’s AJ Kahling. “Our indicators, TD Ameritrade [Investor Movement Index], just came out this morning indicating indeed that the retail traders are continuing to buy the dip,” Kahling, head of international education at the firm, told CNBC’s…

View On WordPress

Retail investors continue to buy dip despite turmoil: TD Ameritrade

Retail investors continue to buy dip despite turmoil: TD Ameritrade

Retail investors have continued to buy the dip in the recent market turmoil, even liking tech despite the sector rout, according to brokerage TD Ameritrade’s AJ Kahling. “Our indicators, TD Ameritrade [Investor Movement Index], just came out this morning indicating indeed that the retail traders are continuing to buy the dip,” Kahling, head of international education at the firm, told CNBC’s…

View On WordPress

The Dow Jones falls 330 points as the Fed plans to reduce its balance sheet and considers bigger rate hikes

The Dow Jones falls 330 points as the Fed plans to reduce its balance sheet and considers bigger rate hikes

Stocks fell for a second day on Wednesday and rates hit new highs as the Federal Reserve gave more guidance on how quickly it will tighten monetary policy to fight inflation, raising fears of a downturn in the economy. The Dow Jones Industrial Average fell 335 points, or about 1%. The S&P 500 slid 1.5% and the Nasdaq Composite fell 2.7% after losing about 2.3% on Tuesday. The Fed’s release of the…

View On WordPress

Daily update …

Good Morning followers, 

 I am glad to provide you with a less than 2 min read of what’s moving markets.

Technical Trade of the week

Last weeks trade was long GBPJPY which closed on a take profit of +29.64% for us and our copiers.

We entered this trade with the expectation of a more Hawkish Bank of England and a Dovish Japanese Central Bank, they acted as expected, resulting in a successful TTOTW.

This week we like DJ30 if it pulls back to 34,100 (previous resistance levels) opening a long position with a Stop Loss at 32,680 and a take profit at close to previous highs of 37,000.

Yesterday

As expected jobless claims impressed and after a slow start the 3 indices found their gusto and erased the previous days losses. The NSDQ finishing 1.9% higher lead by semi conductors, which is ironic given 90% of Neon and 35% of Palladium used in US semis comes from Russian which finds its self wrapped in sanctions, not to mention looming interest rate hikes that are causing concern for tech. Otherwise it was a day for materials with the Nucor up 3%. Darden (DRI) was a miss reporting 1.93 EPS with expectations of $2.10 however after an initial drop it got swept up and edged out a small gain.

Today

Chinese stocks pulled back early this morning with Oil and Covid weighing on traders outlook but given the recent rally it may not be best to read too much in to this. President Biden finds himself on the border of Poland and Ukraine and pending home sales are released from the US. FED speak is also on the agenda but most eyes will be on Europes War and the apparent losses being suffered by Russia. Young men and women are needlessly dying because of the whims of those that sit behind desks in palaces. We may also hear from China and any light the black box (BA) can shed on yet another tragedy.

Stock of the day.

Nvidia, Marvel and AMD (9.82%, 6.99% & 5.8%) out performed yesterday but are still down for the year. With yesterdays leader Halliburton taking a breather and erasing some of those gains down 1%.

Thought for the day.

Whatever you do, important or not so, just do it well and with joy. 

 Enjoy your weekend!

For more information go to Connolly Capital Investments https://connollycapital.co/ or find us on eToro at https://www.etoro.com/people/paulcon33

as a broken retard bf, this cheap pc set up could help my gf for some purposes of hers :< ,,, imma currently slowly building her first pc

Chip giants are ramping up spending by the billions as semiconductor demand booms

Chip giants are ramping up spending by the billions as semiconductor demand booms

Signage for Taiwan Semiconductor Manufacturing Co. (TSMC) is displayed at the company’s headquarters in Hsinchu, Taiwan, on Wednesday, June 5, 2019. Ashley Pon | Bloomberg via Getty Images Semiconductor companies around the world are preparing to make major investments in their research and development facilities, in an effort to meet growing demand as the global chip shortage rages on. The…

View On WordPress

Tech stocks just had their worst week since March 2020 as Peloton and Netflix scared investors

Tech stocks just had their worst week since March 2020 as Peloton and Netflix scared investors

A man walks in front of a Peloton studios on May 05, 2021 in New York. John Smith | VIEW press | Corbis News | Getty Images Peloton fell below its IPO price, Netflix suffered its steepest drop in a decade, and chip stocks continued to struggle. Add it all up and the Nasdaq just closed out its worst week since the beginning of the pandemic. At Friday’s close, the Nasdaq was down 7.6% for the…

View On WordPress

U.S. chip giant Nvidia is finding success in China by riding the country's EV boom

U.S. chip giant Nvidia is finding success in China by riding the country’s EV boom

A sign is posted in front of the Nvidia headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan | Getty Images Several Chinese electric carmakers are turning to U.S. chip giant Nvidia to power their semi-autonomous driving systems, as they ramp up competition with Tesla in the world’s largest car market. Chinese start-ups Xpeng and Nio are using the Nvidia Drive Orin chip in…

View On WordPress

Chipmakers are set to be 'winners' as the metaverse takes off

Chipmakers are set to be ‘winners’ as the metaverse takes off

Baidu’s metaverse concept on XiRang starts with a “Creator City” with a tall skyscraper at its center, according to this visualization shared with reporters on Dec. 21, 2021. Baidu The metaverse, which requires a massive amount of computing power, is set to benefit global chipmakers— but other tech-related industries could also gain from it, analysts say. Widely seen as the next generation of…

View On WordPress