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- Stock Market = A place where Anything Is Possible 🤝
Stock Market = A place where Anything Is Possible 🤝
Sunday Stock Market Updates & Education
Simplify Wall Street
April 14, 2024
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Table of Content
Insights
Bullish or Bearish This Week? |
News Explained
Israel & Iran War Update
Israel will not attack Iran. This appears to be an agreed-upon response to save “face.” The fact that it occurred on a Saturday, when markets were closed, is telling.
Now the score is 1-1, and it will remain that way for now.
— HZ (@MFHoz)
10:37 AM • Apr 14, 2024
UK PRIME MINISTER SUNAK: "WE STAND BY THE SECURITY OF ISRAEL AND THE REGION"
— FinancialJuice (@financialjuice)
11:03 AM • Apr 14, 2024
Here are a few key details I want to focus on.
Why did they release this news on a Saturday?
The market ended very bearish last week, and leaving certain news to the weekend increases the probability that those hoping for a market crash on Monday will lose money.
Why does the war even matter?
The conflict between Iran and Israel matters due to its potential to escalate into a wider regional war, impacting stability in the Middle East and global security.
Smart move by Elon. Changing the narrative.
It seems like Elon is changing the focus from delivery numbers to affordable FSD technology. (Full Self-Driving)
This is extremely clever, in my opinion. Car sales worldwide are down, but Elon knows he will attract the most scrutiny. Therefore, replacing the bad news with other news that customers and investors will appreciate is a great start.
Even if deliveries and earnings are down in this next earnings report, it may not necessarily mean bearishness.
sws
This Week’s Calendar
Full calendar here.
Watchlist
Insights?
Watchlist
$SMCI
$TSLA
$AMZN
$NFLX
$SPY
What stocks are you watching? |
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Roadmap
Back to the Iran Topic:
The fact that Iran and Israel will not further escalate issues for now leaves an opportunity for bullish activity.
We do not have any major data until Thursday.
Last week, my pivot was 5190, and we traded down to the 5150s to close at 5166. If 5190 is not treated as support by Wednesday, we could trade lower into the 5090s.
What is my upside-long target? Find out.
Edu
What to do when the market is dropping hard?
Let it drop. If you aren’t trying to open a short downside scalp when it gives a fake bounce, just let it drop.
Every Investor should write down buy levels for their favorite stocks. This way, you can check your notes whenever a company’s share price reaches a certain level.
If you are trading and are leaning bullish, wait for support zones to form.
What do you do when the market drops fast? |
Trade Ideas
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