Hey traders, it’s Bryce here.
There’s A LOT going on in the market right now.
And a proper understanding of these catalysts can reveal SOLID profit opportunities for traders.
First of all … The market is trying to find a bottom after a two-week dip.
There’s a rally on the horizon, it’s just a question of when. Take a look at the S&P 500 ETF Trust (NYSE: SPY) chart below, every candle represents one trading day:
SPY chart multi-month, 1-day candles Source: StocksToTrade
Three out of four stocks follow the market. Meaning … When the market rallies, there will be more opportunities for traders to profit on the “long” side.
Now … Is there a market rally coming this week? Nobody knows for sure.
But there ARE key catalysts scheduled that could cause a massive price resurgence.
Pay attention to these specific catalysts to stay ahead of the market … And to find profit opportunities early!
More Tech Earnings
Last week, poor earnings reports from Alphabet Inc. (NASDAQ: GOOG) and Tesla Inc. (NASDAQ: TSLA) caused the market to sink.
Tech-stock performance is still a major catalyst for the overall market.
The AI sector is still at the front of everyone’s mind. And the massive tech spikes this year add a lot of volatility to these earnings announcements.
- “Can it keep going?”
- “Where will it go from here?”
- “Is it way overextended or is this spike still at the beginning??”
This week there are more tech stocks on-deck to announce earnings …Â
- On Tuesday (today) after the bell we learn financial data from Advanced Micro Devices Inc. (NASDAQ: AMD) and Microsoft Corporation (NASDAQ: MSFT).
- On Thursday we learn data from Apple Inc. (NASDAQ: AAPL) and Amazon.com Inc. (NASDAQ: AMZN).
Pay attention to these announcements and the immediate reaction from major indices!
New Interest Rate Decision
On Wednesday, the FED is scheduled to announce their next step in monetary policy to tame inflation.
The market expects the FED to hold interest rates steady. But even if there isn’t a change in interest rates, Jerome Powell’s tone and the rhetoric he uses in his speech can hint toward interest rate cuts in the short term.
How to Find the Biggest Breakouts in the Market
Do you recall HOLO gaining $1,565 in 12 hours… or when BMR gained 784% in 2 hours?
Those were “Dark Breakouts” and unfortunately, most investors don’t see them until it’s too late.
Want to know the secret to spotting (and trading) these breakouts?
Ignore the stocks most investors are focused on and…
That’s the main factor to pay attention to when it comes to Powell’s speech on Wednesday.
Now, if there’s a surprise interest rate cut … All bets are off. That’s when we take advantage of the resulting bullish volatility.
Inflation HAS been cooling recently …Â
The June PCE inflation data showed rates below 3%. And June’s CPI data showed inflation sitting directly at 3% … (our goal is comfortably between 2% and 3% inflation before lowering interest rates).
Get ready for Powell’s speech tomorrow!
Jobs Report
On Friday, August 2, we’ll learn the jobs report for the month of July.
There’s two ways that this could go …Â
- A resilient labor sector shows America’s ability to fight recession fears despite high interest rates.
- A slowing labor market that could force the FED to lower interest rates.
There’s a lot going on right now …Â
Don’t get lost!
We’re covering the hottest stocks in the market LIVE everyday right here.
Traders who don’t know how to capitalize off of larger market momentum …Â
Tune in for our next live trading session!
You can watch as professional traders, like Matt and myself navigate this market while trading the hottest runners.
Cheers,
Bryce Tuohey
*Past performance does not indicate future results