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#19/2023 Mini Rally On Nasdaq?
Manage episode 362722735 series 3241853
The charts indicate a possible mini rally on Nasdaq this week, but it will all come down to the fuzz and reports around the US debt ceiling. Getting into Nvidia last week was a good call, and Tesla, as mentioned in the podcast on week 17th, did precisely as expected. With little resistance above, Tesla is poised for a further upturn in the short term.
The favorite commodity, gold, continues to do good, but Jim believes there might be more upside in other commodities as well as the armor race is on.
Playing it safe, trading stocks with good liquidity and low RSI, or going for oil or recession-proof stocks is still the best strategy to minimize the risk. This and much more are in this week's podcast!
207 episoder
Manage episode 362722735 series 3241853
The charts indicate a possible mini rally on Nasdaq this week, but it will all come down to the fuzz and reports around the US debt ceiling. Getting into Nvidia last week was a good call, and Tesla, as mentioned in the podcast on week 17th, did precisely as expected. With little resistance above, Tesla is poised for a further upturn in the short term.
The favorite commodity, gold, continues to do good, but Jim believes there might be more upside in other commodities as well as the armor race is on.
Playing it safe, trading stocks with good liquidity and low RSI, or going for oil or recession-proof stocks is still the best strategy to minimize the risk. This and much more are in this week's podcast!
207 episoder
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