Stock Market Watchlist for Tomorrow 🔥 ✚ Hot Crypto Take

Summary

In this financial analysis video, the host discusses the market's anticipation of the Federal Reserve's monetary policy easing and its impact on investment sentiments. They highlight the market's reaction to unemployment data, the S&P 500's performance, and the importance of watching daily and hourly charts for trading insights. The host also shares successful swing trades from their 'Chart Goat University' community, emphasizing the value of education in trading. They provide an outlook on specific stocks like Apple and Clean Spark, and a special guest offers insights into Bitcoin's market trends and potential future movements.

Takeaways

• 📈 The excitement from watching money being printed is due to its representation of spending power and opportunity, but there's a contemplation about how this perception might change in the future.
• 💹 The markets are expecting the Federal Reserve to stimulate the economy by easing monetary policy, with expectations fluctuating significantly, especially regarding the FED funds rate cut in September.
• 📉 Market crashes were triggered by unemployment data, but recent positive news has somewhat reversed this trend, although there's skepticism about the accuracy of the reported data due to potential revisions.
• 📊 The S&P 500 rarely records four consecutive weeks of decline, and the current expectation is for a green candle this week, indicating a potential upturn in the market.
• 📝 The speaker emphasizes the importance of daily and hourly chart analysis for traders to make informed decisions and stay updated with market movements.
• 🎓 Chart Goat University is highlighted as a valuable resource for traders, offering guidance and a supportive community for both experienced and new traders.
• 🚀 The speaker had a successful trading day with multiple profitable swing trades, one of which yielded a 100% return, showcasing the potential for significant gains in the market.
• 🔑 The video mentions Paramount Global's decision to cut 15% of its US workforce, yet its shares rose on second-quarter earnings, indicating market reactions to company-specific news.
• 📊 The speaker predicts a continued uptrend for the market the next day, with a focus on Apple stock and its potential movements, including the possibility of a test of strength and a reversal.
• 📉 Clean Spark is discussed as a potential investment opportunity, with the speaker expressing a bullish outlook despite short-term volatility, and setting specific price targets for entry and exit.
• 🔑 Micron Technologies and Apple are identified as stocks of interest for potential swing trades, with the speaker providing technical analysis and price targets for both.

Q & A

What is the general feeling when watching money being printed?

The general feeling when watching money being printed is a bit of excitement because the green pieces of paper represent spending power and opportunity.

Why is there a fluctuation in expectations regarding the Federal Reserve's monetary policy?

Expectations fluctuate because the markets want the Federal Reserve to ease monetary policy and stimulate the economy by firing up the printing presses again.

What was the market's initial reaction to the Federal funds rate for September?

People were asking for a 75 basis point cut right off the bat, indicating they were looking for deep cuts immediately.

What caused the market crash mentioned in the script?

The market crash was triggered by some data regarding unemployment that came out, causing a negative reaction.

How did the morning's report impact the market's downturn?

The morning's report, which was positive, cancelled the capitulation downturn that had been ongoing.

What is the significance of the S&P 500 not giving a red candle four weeks in a row?

It signifies a potential market recovery or at least a temporary halt in the continuous downtrend, as the market rarely goes down for four consecutive weeks.

What was the successful trading day outcome mentioned in the script?

The successful trading day involved entering a number of swing trades that worked out well, including one that gave a 100% return.

What is the purpose of the 'Chart Goat University' mentioned in the script?

The 'Chart Goat University' is a community where members, including seasoned traders, provide guidance and help to each other, making it a pro trading community with a positive environment.

What is the current stance on CleanSpark according to the script?

Despite some volatility, the stance on CleanSpark is bullish overall, with the belief that it will perform well if Bitcoin and altcoins push up towards the end of the year.

What is the importance of watching the charts in trading as per the script?

Watching the charts is crucial in trading as it helps to react to market movements rather than guessing or trying to jump ahead of the market, allowing traders to follow the market's direction more accurately.

What is the current view on Apple stock according to the script?

The view on Apple stock is that it may see bullish days ahead, but there is also a potential for a bearish scenario if the market corrects and goes down, with true support for Apple stock being between $192 and $182.

What is the significance of the 200 EMA in Bitcoin trading according to the guest in the script?

The 200 EMA is significant as it has historically indicated local bottoms and good buy opportunities in a bull market. If Bitcoin stays above this moving average, it is seen as a bullish signal.

What is the potential next move for Bitcoin according to the guest's analysis in the script?

The potential next move for Bitcoin is to watch for a close above the 200 EMA on the daily chart. If it happens, it could indicate a bullish trend, but if not, the price might bounce around, and there could be more accumulation in the altcoin market.