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#19/2023 Mini Rally On Nasdaq? episode artwork

EPISODE · May 8, 2023 · 36 MIN

#19/2023 Mini Rally On Nasdaq?

from Trading Tips With Jim Stromberg · host Jim Stromberg

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!

What this episode covers

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!

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Frequently Asked Questions

How long is this episode of Trading Tips With Jim Stromberg?

This episode is 36 minutes long.

When was this Trading Tips With Jim Stromberg episode published?

This episode was published on May 8, 2023.

What is this episode about?

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...

Can I download this Trading Tips With Jim Stromberg episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.
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