🔥 MONDAY PREDICTION!! TSLA, SPY, NVDA, AAPL, AMD, COIN, META, GOOG, MSFT, AMZN, & VIX PREDICTIONS! 🚀

Summary

In this financial analysis video, Ray J discusses market trends, focusing on stocks like SPY, Tesla, NVIDIA, and Bitcoin, and their potential movements based on upcoming economic data releases and earnings reports. He emphasizes the importance of watching key support and resistance levels, while noting the overall bullish sentiment despite some stocks showing signs of weakness or consolidation. Ray J also highlights significant events for the week of July 8th, 2024, and advises viewers to stay informed and cautious in the volatile market environment.

Takeaways

• 📈 The markets are pushing towards new all-time highs, with the S&P 500 (SPY) showing strong bullish momentum.
• ⏰ Important economic data releases are scheduled for the week, including the Consumer Inflation Expectations report, CPI, PPI, and Jerome Powell's speeches, which could cause market volatility.
• 📊 The upcoming earnings season for Q2 2024 is expected to bring significant market movements, especially with major banks releasing their reports.
• 📊 Market sentiment is currently neutral with a slight lean towards greed, which could indicate potential for further market upside.
• 📊 Momentum indicators suggest the market is still in a strong bullish trend, akin to a locomotive with significant power.
• 📊 Puts and call option positioning is at extreme greed, with volatility remaining neutral as the VIX has not broken past its 50-day moving average.
• 🚗 For Tesla, the stock is consolidating around $250 with an inverse head and shoulders pattern suggesting a potential push towards $260.
• 💻 NVIDIA is experiencing some weakness and may consolidate around $125, with a risk of dipping further if support levels are lost.
• 💡 Bitcoin is attempting to rebound, with a potential retest of $59,000 if it can maintain above $56,000.
• 📊 QQQ is showing strong bullish signals on the 4-hour time frame, with key supports at 494 and 492, and a potential push towards 500.
• 🍎 Apple is on an uptrend, favoring a test of $227, with the potential to reach $230 if the bullish trend continues.

Q & A

What is the main topic of Ray J's video?

The main topic of Ray J's video is an analysis of various stock tickers including SPY, Tesla, NVIDIA, and others, along with an overview of the economic calendar and market sentiment.

What disclaimer does Ray J provide at the beginning of the video?

Ray J clarifies that he is not a financial planner and advises viewers to not take his commentary as financial advice.

What important economic data is Ray J expecting on July 8th, 2024?

On July 8th, 2024, Ray J is expecting the Consumer Inflationary Expectations report for June, as well as 3-month and 6-month Bill auctions.

Which days of the week does Ray J highlight as significant for market-moving events?

Ray J highlights Tuesday, Wednesday, and Thursday as significant days for market-moving events, with speeches by Jerome Powell and the release of CPI and PPI data.

What is the potential impact of Jerome Powell's speeches on the market?

Jerome Powell's speeches could provide insights into the economy's health and may cause significant market movements if he discusses economic outlooks or policy directions.

What is the current market sentiment according to Ray J's analysis?

According to Ray J, the market sentiment is currently neutral, leaning slightly towards greed, with strong momentum indicating a bullish market trend.

What technical indicators does Ray J refer to when discussing market momentum?

Ray J refers to the position of the market relative to the 125-day moving average and the volume of trading, indicating a strong momentum shift in the market.

What is Ray J's prediction for the SPY stock if it breaks past 555?

Ray J predicts that if SPY breaks past 555, it could easily rise to about 556 and 557.5, indicating a bullish continuation.

What is the potential support level for Tesla's stock according to Ray J?

Ray J identifies the 20 EMA as a key support level for Tesla's stock, suggesting a potential drop to 244 if this level is lost.

What is the main target price for NVIDIA's stock that Ray J discusses?

Ray J discusses a main target price of 130 for NVIDIA's stock, suggesting a potential rebound if the current support level holds.

What is the potential impact of the earnings season on the market?

The earnings season, particularly with major banks releasing their Q2 2024 earnings, could lead to high volatility and significant market movements.

What does Ray J suggest about the QQQ stock's technical outlook?

Ray J suggests that the QQQ stock has a strong bullish outlook on the 4-hour time frame, with key supports at 494 and 492, and a potential resistance at 496.5.

What is the potential bullish scenario for Apple's stock according to Ray J?

Ray J suggests that Apple's stock is on a nice uptrend, with a potential to test the 227 level, and if broken, could get very close to 230.

What is the potential bearish scenario for the Russell 2000 (IWM) according to Ray J?

Ray J indicates a potential bearish scenario for the IWM, suggesting a dip back down towards 199 if it fails to get back above its 200 EMA, with further downside risk.