Best Trade Ideas for April
I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
S&P 500, Nike, Apple, Tesla: action plan
Information is not investment advice
S&P 500: a battle at the frontier
3960 is an all-time high and a four-week high for the S&P. The index is challenging this resistance currently, and it’s not yet clear whether it’s going to cross it or will bounce downwards instead. Very likely, it will hang in there for a while as the first bullish attempt to cross it was reversed forcing the S&P to drop to above 3900. That means bulls don’t have enough momentum to make a one-leap march towards 4000 – optimism needs more time to move the index through to the next all-time high.
Apple: new horizons
Fundamentally, Apple is on the brink of opening a whole new market for itself. As it’s marching into the EV-production industry together with Hyundai-KIA, millions and billions of sales profits are just around the corner for the IT-giant. That said, currently, it trades at local lows of $116. Together, both statements make this stock a potentially very worthy buy right now.
Nike: awaiting results
Nike is at its all-time highs. Although it ceded the gains dropping a few dollars from the mark of $147, strategically, it’s around the highest point it has ever traded. On Thursday, it will report its quarterly earnings for the fiscal quarter ending February 2021. If the figures are impressive – which they very likely are, given that the reported quarter includes holiday season – the stock will likely make a break through the current resistance to make a new all-time high. Therefore, it potentially present a very handy buy opportunity.
Tesla: very intriguing
The famous EV-maker has a couple of problems now. First, there was a fire at one of the plants. It was put way, obviously, but sometimes, we get a feeling that important fundamentals are not properly addressed in Tesla business, don’t we? Second, one of Tesla investors sued Elon Musk for violating the SEC settlement with one of his tweets. Not just one, in fact – most of them are pretty vague – but the one suggesting that Tesla stock was “too high” particularly made investors worry about the shrinking value of the stock resulting from the tweet. Finally, upbeat economic outlook presses on growth stocks like Tesla indirectly through higher rates and yields. Therefore, the local stop at the round resistance of $700 makes Tesla quite suspicious. Wait a while and give it some time to act more decisively before you make a decision to open a position on it. However, if an uptrend starts forming, it may result to be a very impressive gain: from the current $700 to $900, it's more than 25% of potential rise.
Similar
CAD Might Weaken As Oil Market Plunges
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Bitcoin & Gold - Safe Haven Amid Bank Crisis
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
Popular
What Will Happen with the Euro? An Economic Perspective.
eurusd-is-falling-what-to-expect-from-the-future-price-movement
Will Australia's "Rampant Inflation" Prevail in May?
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
How Will BoJ Meeting Affect the Yen
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus
Choose your payment system
