#39/2023 - Nasdaq Forecast: A 400-Point Surge?

Trading Tips With Jim Stromberg

Recent indicators suggest that the Nasdaq might be poised for a rebound. Despite being considerably oversold, its current pivot bottom on the RSI chart and a record-low 12% buy signals hint at a bullish trend. As the week unfolds, key economic data points will be released, including consumer spending figures, GDP growth, jobless claim reports, and quarterly results for leading brands like NIKE, Costco, and Royal Caribbean Cruise Line.

Jim, who accurately predicted downturns for three consecutive weeks, now anticipates a 'green' week for the markets. However, he cautions investors: the current market levels are sensitive, and any adverse news could amplify losses.

Stay updated on market trends, insights, and more in this week's episode of "Trading Tips With Jim".

Websites mentioned in today's podcast: https://stockinvest.us https://getagraph.com 📌 Podcast Special Promo at StockInvest.us: Get 50% off Premium Subscription for a limited time! Don't miss out on this exclusive offer: https://stockinvest.us/order/podcast. 📢 NEWS📢: New AI-Powered Trading Strategy is already available on StockInvest.us. Check it out: https://stockinvest.us © 2023 StockInvest.us from UAB "Exigam" Disclaimer: This video is intended for informational purposes only and should not be considered financial advice. Always research and consult a professional financial advisor before making any investment decisions. Remember the 50% discount on StockInvest.us using promo code: "podcast"