#47/2023: Nasdaq Hits 91 On RSI14 – Precipice Of Heaven Or Descent Into Hell? Trading Tips With Jim Stromberg podcast

Artwork

Trading Business Jim Stromberg

Indhold leveret af Jim Stromberg. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Jim Stromberg eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

Trading Tips With Jim Stromberg « »
#47/2023: Nasdaq Hits 91 on RSI14 – Precipice of Heaven or Descent into Hell?

7M ago 26:04

Del

MP3•Episode hjem

Indhold leveret af Jim Stromberg. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Jim Stromberg eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

The Nasdaq index shows signs of being overbought, with its RSI14 (Relative Strength Index) topping a historically high of 91, indicating that investors are anticipating further upward movements. Significant market activity is expected despite the shortened trading week due to Thanksgiving on Thursday. Notably, Nvidia is slated to announce its quarterly results this week, which could further influence the trajectory of the market's top performers, often referred to as the 'magnificent 7.'

In the commodities sector, oil prices show resilience, gradually climbing from $75. The upcoming OPEC+ meeting will likely contribute to this trend, especially if oil production cuts continue. Given the current market dynamics, investors might contemplate whether oil could be a more stable investment option, particularly if the Nasdaq undergoes a natural correction before experiencing further increases."

… continue reading

207 episoder

#Trading #Business #Jim Stromberg

Artwork

#47/2023: Nasdaq Hits 91 on RSI14 – Precipice of Heaven or Descent into Hell?

Trading Tips With Jim Stromberg

12 subscribers

published 7M ago

Del

MP3•Episode hjem

Indhold leveret af Jim Stromberg. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Jim Stromberg eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

The Nasdaq index shows signs of being overbought, with its RSI14 (Relative Strength Index) topping a historically high of 91, indicating that investors are anticipating further upward movements. Significant market activity is expected despite the shortened trading week due to Thanksgiving on Thursday. Notably, Nvidia is slated to announce its quarterly results this week, which could further influence the trajectory of the market's top performers, often referred to as the 'magnificent 7.'

In the commodities sector, oil prices show resilience, gradually climbing from $75. The upcoming OPEC+ meeting will likely contribute to this trend, especially if oil production cuts continue. Given the current market dynamics, investors might contemplate whether oil could be a more stable investment option, particularly if the Nasdaq undergoes a natural correction before experiencing further increases."

… continue reading

207 episoder

#Trading #Business #Jim Stromberg

Alle episoder

×

Velkommen til Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

Lyt til 500+ emner