Stock Market Deep Dive and analysis review for Saturday, April 11, 2020. Today, we discuss the S&P 500 Index and Dow Jones Industrial Average Best Week Since 1974 After Fed Acts and the outlook for the week ahead.
Featured Stocks: SPY, SPX, DIA, NDX, CRON, CGC, SPCE, BA, CCJ, WPM, CSPR, GO, ZM
0:00 Intro, Biggest market gains since 1974
2:10 SPY overview
3:20 Marijuana stocks Justin likes this week, CGC, CRON
3:50 Justin's watch list, Bull/Bear
4:15 What weekend deep dives are for
5:50 Headlines for the week, SPY best weekly gains since 1974
7:27 Fauci slashes death projection
8:50 Economic Data, Job losses
9:30 $2.3T in programs for the economy
11:00 What's driving inflation? (USO)
12:05 Mnuchin says US could be open in May
14:20 Ray Dalio's prediction
19:20 U.S corporate losses could climb up to $4T
21:40 To understand the wild U.S rally, forget about 2020
26:55 SPY monthly chart technical analysis
38:50 SPY weekly chart technical analysis
41:10 SPY daily chart technical analysis
45:25 SPY smaller timeframes technical analysis
49:20 If we hold 275 you don't want to be short
50:00 We need your feedback!
51:28 Thank you; Blaze Capital appreciates you!
52:25 Justin's XLF position
52:39 Earnings preview
50:00 Indices XLF, IWM, XLU, NYSE, DIA, XLV, TLT, QQQ, FXI, XLE, VIX
55:20 Banks are going to need big earnings
55:50 Blaze Capital weekly videos will be shorter
56:05 Marijuana Stocks
56:10 VLNS, ACB, YOLO, CURLF, HRVSF, CRLBF, HMMJ, APHA, GTBIF weekly charts
58:15 LABS, TCNNF, CGC, TLRY, LHSIF, CWBHF, CRON, ITHUF weekly charts
59:01 CGC, CRON, CURLF, TCNNF Daily charts
1:01:50 Stocks on Justin's list last week
1:02:05 SPCE technical analysis
1:02:55 CCJ technical analysis
1:03:50 Actionable setups
1:04:00 CGC, CRON, TCNNF, CURLF trade ideas
1:05:05 BA trade idea
1:06:10 GDX, WPM trade idea
1:08:25 CSPR trade idea
1:09:30 MSFT trade idea
1:09:50 DIS, NFLX trade ideas
1:10:45 AMZN too hot
1:10:55 GO, ZM bear trade idea
1:12:50 Algo review SPY, XLF, QQQ
1:14:30 Algo review for trade idea stocks BA, GDX, WPM, CGC, CRON, MSFT
1:18:30 How the algo can protect us from making bad bear trades, ZM
1:19:00 Sign Off, What you get by joining
U.S. stocks posted the biggest weekly gain since 1974 as investors looked past staggering jobless numbers when the Federal Reserve released new measures to cushion the fallout from the virus. Oil fell as investors saw a supply-curb proposal as insufficient.
The S&P 500 Index rallied for the third time in four days, bringing this week’s increase to 12%. The Fed announced another series of sweeping steps to provide as much as $2.3 trillion in additional aid just as data showed the number of claims for unemployment benefits surged for a third week. Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Diseases, said U.S. fatalities from the virus may be far fewer than earlier projections.
“The Fed news is really bullish (along with global fiscal news) if we have confidence on ways to deal with the virus bounce-back and ultimate vaccine solution,” said Dennis DeBusschere, head of portfolio strategy at Evercore ISI. “So positive outcomes on that front lead to fair value estimates going up, improving the risk reward from this level.”
Daily stock market analysis and deep dive with a focus on the S&P 500 Index, Dow Jones Industrial Average and Nasdaq, marijuana pot stocks, tech stocks, and momentum stocks. We utilize price and volume analysis, fundamental analysis and technical analysis.
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