Long and STRONG!!! 3 plays for Bulls!
In this video, Dr. Stock, a Doctor of Education, discusses the economic calendar and the upcoming Michigan University Consumer Sentiment survey. Dr. Stock believes that three stocks are currently opportune for long-term investments, as hedge funds and institutions are expected to rotate out of plays like big tech. These stocks are not commonly talked about but offer excellent trading opportunities.
Dr. Stock mentions that the retail sales numbers are reasonable, and while they can be volatile, the trend suggests normalized inflation. The Federal Reserve's pause in June is also discussed, and Dr. Stock encourages viewers to watch his previous video on the topic.
The focus then shifts to initial jobless claims, which have been trending upward since September 2022. Dr. Stock explains the importance of considering the pandemic's impact on the data and highlights the significance of the trend. The manufacturing indices are also analyzed, with some areas experiencing contraction.
Consumer sentiment is mentioned as an important factor that can influence the markets. Dr. Stock notes the potential impact of the debt ceiling crisis and treasuries refunding on consumer sentiment. The markets are expected to show some volatility due to the upcoming three-day weekend and options expiration.
Dr. Stock introduces the trading platform Moomoo, which offers up to 17 free stocks for new users who deposit $100 or more. He shares insights into the Qs and SPY (S&P 500 ETF) charts and suggests that the market may experience some softness before a potential rally.
Three stocks are recommended for researching. The first is CrowdStrike (CRWD), which recently had a golden cross and is expected to show bullish momentum. ADP (Automatic Data Processing) is mentioned as a stock nearing a potential bottom, with the 50-day moving average acting as support. DDOG (Datadog) is also on the list of bullish stock plays. Dr. Stock advises viewers to be cautious with their trades and set appropriate stop-loss levels.
Overall, this video provides valuable insights into the economic calendar, stock market trends, and potential investment opportunities.
Dr. Stock mentions that the retail sales numbers are reasonable, and while they can be volatile, the trend suggests normalized inflation. The Federal Reserve's pause in June is also discussed, and Dr. Stock encourages viewers to watch his previous video on the topic.
The focus then shifts to initial jobless claims, which have been trending upward since September 2022. Dr. Stock explains the importance of considering the pandemic's impact on the data and highlights the significance of the trend. The manufacturing indices are also analyzed, with some areas experiencing contraction.
Consumer sentiment is mentioned as an important factor that can influence the markets. Dr. Stock notes the potential impact of the debt ceiling crisis and treasuries refunding on consumer sentiment. The markets are expected to show some volatility due to the upcoming three-day weekend and options expiration.
Dr. Stock introduces the trading platform Moomoo, which offers up to 17 free stocks for new users who deposit $100 or more. He shares insights into the Qs and SPY (S&P 500 ETF) charts and suggests that the market may experience some softness before a potential rally.
Three stocks are recommended for researching. The first is CrowdStrike (CRWD), which recently had a golden cross and is expected to show bullish momentum. ADP (Automatic Data Processing) is mentioned as a stock nearing a potential bottom, with the 50-day moving average acting as support. DDOG (Datadog) is also on the list of bullish stock plays. Dr. Stock advises viewers to be cautious with their trades and set appropriate stop-loss levels.
Overall, this video provides valuable insights into the economic calendar, stock market trends, and potential investment opportunities.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Doctor of Education, long-term investor, & stock trading enthusiast researching the markets and making decisions.
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