@Basssem666 I think it’s actually quite honest and deep to realize this and make a conscious decision and not just have kids for the sake of having kids.
@1769_alex Already gone. Same as the the pump right after the market closed. Something weird is going on in the market. Some fund got liquidated or something’s breaking
Challenge Account Week 3 Preview: $500 → $2.5k → coming for $100k.
Strait of Hormuz remains closed going into the week with negotiations in Switzerland between the US and Iran appearing to have stalled. Crude up +3% on the weekend market. Where crude futures open will tell the tale.
Wednesday $MU earnings after the bell (Expected range $950-$1,300)
$MU priced to perfection or just getting started? HBM sold out, AI demand vertical, guidance elevated. Anything less than perfect and the stock takes a hit.
Thursday GDP + Core PCE before market open
Confirmation of hawkish tailwinds for the Fed or an opening to reconsider the direction of inflationary pressures? Keeping an eye on headline PCE. Anything above a 4.0% annual rate supports the case for rate hikes.
Leaning bearish into the week. Current positioning SPXW 7475/7375 put spread expiring 6/26. Looking for for a weekly close down 1.7% to hit max profit.
High headline risk in this market.
Stop above 7520. Likely to see some chop at the beginning of the week. $VIX holding above 17.5 could lead to a quick move to 20.0.
Goal for the end of the week is $10k. Bookmark it 👇
Weekly plan for $SPX:
Looking for a test of the 7425–7430 support area, followed by a bounce. Below that, the next support levels are 7400–7405 and 7365–7370.
Key resistance levels are 7520–7525, followed by 7550–7555 and 7605–7610.
Please retweet.
@vandy_trades I think we see a small pullback to retest last weeks lows on Fed hangover/PCE/GDP and semis taking a small breather on Micron earnings and then a consistent grind up until end of summer
A few things that have stuck out to me in this vein: There was some bad hail in my area a couple months ago and still seeing many cars with unrepaired broken windows. A few restaurants consistently busy but a lot of others not seeing much traffic. Have some family in retail that had a big cash component and they’re seeing a big swing to credit and BNPL purchases.