This Week Will Be HISTORIC For The Stock Market

Summary

In today's financial analysis, the S&P 500's performance was mixed with 75% closing in the red, yet big tech stocks like Microsoft, Nvidia, Apple, Amazon, and Tesla had strong days, influencing the market positively. The short holiday week holds potential for a green outcome. Roaring Kitty's new position in Chewy, which initially spiked the stock, later declined due to market skepticism. Tesla's anticipated delivery numbers have investors optimistic, despite recent demand concerns. Historical data suggests a strong start to July for the market, with individual stocks showing significant volatility and opportunity for traders.

Takeaways

• 📉 About 75% of the S&P 500 closed down, but major tech companies like Microsoft, Nvidia, Apple, Amazon, and Tesla had strong days, supporting the market.
• 📈 Despite being a short week due to the holiday, the market has potential to end positively with significant events and announcements expected.
• 🔥 Roaring Kitty, known for his role in the GameStop squeeze, has taken a 9 million share position in Chewy, initially causing a 30% pre-market surge, but the stock eventually closed down.
• 🚨 Roaring Kitty is facing a class action lawsuit related to a potential pump-and-dump scheme concerning GameStop, indicating a shift in market reaction to his actions.
• 🚀 Tesla's stock price surged, closing up over 6%, as investors anticipate positive delivery numbers, which could be a pivotal focus for the stock's performance.
• 📊 Historical data suggests that July has been a strong month for the market, particularly the first half, which may influence trading strategies.
• 👀 The market's focus should be on individual stocks showing strength rather than broad market indices, as they have been the primary source of volatility and opportunity.
• 📈 Bank of America and other banking stocks are being watched for potential upward movement, especially if they can break through certain resistance levels.
• 📊 The speaker highlights the importance of trading with a plan, including stop losses, and emphasizes the need to adapt to market conditions and follow money flow.
• 📅 The week is a short trading week due to the holiday, with the market closing early on Wednesday and being closed on Thursday, which may affect trading volumes and strategies.
• 🎤 The script concludes with a promotion for the StockedUp trading floor, offering resources for short-term traders, and a shout-out to a member who had a successful first day of trading.

The video is abnormal, and we are working hard to fix it.
Please replace the link and try again.