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
Timestamps
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.”
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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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I like you reading the news because I read it and appreciate hearing your interpretation and how its the same or different from what I was thinking in respect to where the markets will go.
Glad it was helpful Ken, thank you!
the first couple times you you said “deep dive”, I had a small heart attack😂😂😂👌🔥🔥🔥 Great upload
We dive Deep! Soo deep!
Would totally be interested in the video about the FED printing money and expectations of their balance sheet and impacts!
Feedback: Like the positioning of the mic so I can see your face! Love the synthesis of the news — as a new trader, it’s difficult to know which news sources are best to look at, which info is actually important, and I’m often confused as to how to interpret it — an experienced trader’s analysis tells me key points to look for in news and their meaning. And remember to cough into your elbow!!!;)
Keep up the great work, thank you!!!;)
i smile sometimes =) I washed my hands before coughing too. check check cehck!
Great video. I like you reading the news. Helps for me.
Thank you Alex!
Thanks for walking us through your process J! Personally I like that you factor in news and technical. I also find it very helpful when you go through and show the options chain.
Please keep up the amazing work!
Your efforts are greatly appreciated 🙂
My pleasure JD!
@Blaze Capital Oh and when you go over stockwatch, and decipher who is making individual stocks move…
Thanks again!
Love the format. Following your thought process great teaching points.
Glad you enjoy it Robin!
great work ! reading news and analyzing market conditions and then doing charts is a great way of approaching the market at this time around !
It gives better understanding, and builds confidence in trading, something we really need at the moment as its extremely confusing time now.
Boom! cheers Sylwia =)
Good work. Please keep it up.
One feedback: More coverage of $AMZN $AAPL $FB $NFLX $NVDA $TSLA would be awesome..
Sounds much better now. Good call on repositioning the mic. Thanks for the great content and guidance!
Great to hear! Thank you for confirming Tim =)
Awesome video Justin! I really enjoyed all aspects of this video. It was long but I think you spent a sufficient amount of time covering everything! This was helpful to me as I’m not sure how to posture myself right now with where the market currently is. I believe we will eventually re-test the bottom, but not sure when that will occur. This week will be telling. Thanks again!
Glad you enjoyed it John! appreciate the feedback
Maybe it will go up,maybe it will go down,maybe it will go sideways! Thanks for the helpful info!
i like seeing you worrying about the quality of the video thru content, id say your doing a great job with this content so keep at it.
I appreciate that!
For a weekly synopses a deep dive in news seems appropriate. Charting seems apropos as well. A rollover at 290 on a daily 9 hitting the 50 period MA seems ideal for any short-term bullish move. Personally, I’m acquiring shorts on the way up as I am simpatico with your monthly analysis. Thanks for your time and effort, in any event.😎
cheers Buck =)
Thank you for all the hard work you put in Justin! I really like the new style for the videos, particularly the very detailed timestamps. I always use the weekend deep dive as a reference for the upcoming week and with the timestamps I can quickly reference the part that I am looking for. I would be very interested in the video about the FED printing money and how the balance sheet would be affected.
My pleasure!
I was thinking about something from the video from last week when you said that, they need to pump this up as fast as they can to a level of distribution, I was wondering why that is? Is it because they want to squeeze the shorts as quickly as possible before the next leg lower? Can’t wait to get back in the group, losing my job then the sickness these past 2 months has really been challenging but these daily videos you do keep me motivated and optimistic, cant thank you enough for all your help!
distribute as high as possible, not lower =)
I like the detail and explanation. I like seeing the process. Seeing someone else’s interpretation of the news is good. Dont mind the video length since its informative throughout. The only thing I would personally like is some “dumbing down” of some of the terms and what your indicator lines are based on and just things that someone newer to trading may not understand fully yet. Great video
Cheers and thank you for feedback, i do try to provide context but will make more of an effort
Feedback: Great improvement of the mic! Deep dive into the way you analyze SPY and your detailed perspective is extremely valuable. The 40-minute details are perfect to me. And you looked not so stressed, frustrated and interrupted by poor live chat comments 🙂 At least for the weekend deep dive I would keep it as you just did – without chat. Thanks for investing your time in teaching others!
Cheers, appreciate the feedback!