Stock Market Today and stock chart technical analysis review for Tuesday, April 7, 2020. Today, we discuss the S&P 500 and Dow Jones Industrial Average as they continue to be volatile.
Featured Stocks: SPY, SPX, DIA, NDX, CRON, CGC, SPCE
Timestamps
0:00 Intro & SPY rally!
1:00 Baseball slowly starting again
2:00 SPY technical analysis
6:50 NVDA technical analysis
7:45 USO technical analysis
10:00 Market is on a preset course
12:05 ZM technical analysis
12:45 US Dollar still reserve currency
13:30 Opening up some parts of economy is bullish
15:30 Global Markets
17:30 Where are we going next week?
18:40 SPY buying pressure into yesterdays close
22:00 Trump tweet and algo triggers
24:05 X technical analysis
25:50 Do the big guys know what's going on?
26:40 Plateauing over weekend
28:00 BA technical analysis
29:30 What to watch for end of day SPY
32:25 RNG, MSFT technical analysis
32:50 Market psychology
34:20 V shaped recovery only happened once
36:15 VTR technical analysis
37:00 Bull case, bear case, final thoughts
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Daily stock market news update 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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This market does not make sense just rally based on slow of CV … earnings will be devastating IMO …. we do have many bull boosts during next few months but downward trajectory.
Isn’t the FED buying up equities (stocks) in exchange for loans right now? Like a few trillion or something? Also the government recently lobbed another defense contract at BA (Boeing) so that tells people the government has it’s back. Buyer sentiment with artificial pumping?
fed cannot legally buy stock (yet) but they can buy bonds =)
@Blaze Capital yeah, you were/are right for now. I was hearing/reading about a private entity they are creating to do just that. I would imagine it will add onto this stampede we are seeing.
Just got in TSLA earlier this morning. Looking for a move higher by tomorrow.
Dude, I just subscribed. You have touched on a lot of my portfolio. I appreciate your charting and analysis. Don’t let these jerks ruffle your feathers. Just keep doing it your way. If you let them get in your head it will muddle you. Much love and recent long time fan.
Welcome aboard and thank you for commenting!
Puts are like 3x more expensive than calls for the same percentage move down and up, for 1.5 years out. Same is true for shorter term too. Is this any sort of indicator?
It’s largely because of the VIX =)
Just watched this, a day later, my first time watching you, Liked and Subscribed. Really helpful and really appreciate what you said about not trading what you don’t understand.
Glad it was helpful! Cheers Ken =)