🔥 POWELL SPEECH TOMORROW!! TSLA, SPY, SMCI, MSFT, AMZN, META, NVDA, AAPL, AMD, & QQQ PREDICTIONS! 🚀

Rey-Jay Invests
5 Mar 202418:57

TLDRIn this video, Rayj discusses the market's reaction to Tesla's recent activities and upcoming events that could impact stocks. He emphasizes the importance of Jerome Powell's speech and the release of the Fed Beige Book, which could cause significant market volatility. Rayj also reviews earnings reports from companies like CrowdStrike and ChargePoint, and provides technical analysis on various stocks, including Apple, Nvidia, and Amazon. He advises viewers to be cautious and prepared for potential market movements.

Takeaways

  • 📉 The market, particularly the SPY, experienced a sell-off, with the SPY dropping to around 505.
  • 📅 Key market events for March 6, 2024, include Jerome Powell's speech at 10:00 a.m. EST, job openings and quits data, the FED beige book at 2:00 p.m., and speeches from other FED officials.
  • 💡 Jerome Powell's testimony could cause significant market volatility, and investors should be cautious during his speech.
  • 📈 Earnings reports from companies like Neo, Target, CrowdStrike, ChargePoint, and Ross Stores have varying impacts on their stock prices.
  • 📊 Technical analysis suggests that the SPY might experience a pop and drop, with potential support and resistance levels to watch.
  • 🚗 Tesla's stock performance will be closely watched, with potential price movements depending on market reactions to Powell's speech.
  • 💻 Tech stocks like Apple, Nvidia, and Microsoft are expected to influence the market, with Apple possibly leading a bounce if Powell's speech is positive.
  • 📊 The QQQ index is attempting to rebound, with potential resistance levels to watch for market direction.
  • 🔄 Earnings and market reactions will be crucial for stocks like Rivian, SoFi, Arm, and Super Micro, with Powell's speech being a significant factor.
  • 📉 The Russell 2000 index appears bearish, with potential for a bounce depending on Powell's influence.
  • 📊 The VIX index is being watched for potential market bounce or continued downward trend, influenced by Powell's speech.

Q & A

  • What is the main focus of Rayj's video?

    -The main focus of Rayj's video is to discuss the recent market trends, particularly the sell-off of the S&P 500 (SPY), and to predict how upcoming events, such as Jerome Powell's speech and economic data releases, might affect the market.

  • What is the significance of Jerome Powell's speech on March 6th, 2024?

    -Jerome Powell's speech is significant because as the Chair of the Federal Reserve, his comments can cause major volatility in the markets. Investors will be closely watching for any hints about the Fed's monetary policy plans and reactions to employment data.

  • What economic data is Rayj expecting to influence the market on March 6th, 2024?

    -Rayj expects the Job Openings and Job Quits numbers, Jerome Powell's speech, the FED Beige Book, and speeches from other Fed officials to influence the market on March 6th, 2024.

  • How did the earnings announcements from Neo, Target, CrowdStrike, ChargePoint, and Ross affect their respective stock prices?

    -Neo and Target had positive earnings, with Neo's stock price remaining balanced and Target's holding up nicely. CrowdStrike beat on EPS, revenue, and guidance, leading to a 21% increase in share price. ChargePoint had a mixed earnings report with a drop in share price due to weaker guidance. Ross also had mixed earnings, with the share price barely down.

  • What is Rayj's prediction for the S&P 500 (SPY) in the short term?

    -Rayj predicts that the SPY might experience a pop and drop, with potential support at 505 and resistance around 508. The exact movement will depend on Jerome Powell's speech and other market data.

  • What is the current status of Tesla's stock according to the video?

    -Tesla's stock is showing some life in the after-hours trading and could potentially push to 182.5. However, the stock's movement will be heavily influenced by Jerome Powell's speech and the overall market sentiment.

  • What does Rayj suggest about the QQQ (NASDAQ-100 Index)?

    -Rayj suggests that the QQQ might retest 438 and if it breaks past this level, it could push towards 438.8. However, the direction will depend on Jerome Powell's speech and the market's reaction to it.

  • What is Rayj's view on Apple's stock performance?

    -Rayj believes Apple's stock has a good chance to bounce and might try to push for 171. The stock's movement will be influenced by the overall market sentiment, particularly Jerome Powell's speech.

  • How does Rayj describe the current market condition?

    -Rayj describes the current market condition as weak, with potential for a bounce. However, the market's direction is uncertain and will be heavily influenced by upcoming economic data and Jerome Powell's speech.

  • What advice does Rayj give to viewers regarding their investment strategy?

    -Rayj advises viewers to be cautious, prepared, and responsible. He suggests waiting and seeing how the market reacts to the upcoming events before making any significant investment decisions.

Outlines

00:00

📈 Market Overview and Upcoming Events

The video starts with a brief introduction by the host, Rayj, who emphasizes that his insights are not financial advice. He announces promotional offers related to Moon deposits, then transitions into a detailed analysis of recent market trends, focusing on the SPY's sell-off and potential for a bounce. Rayj highlights upcoming events likely to impact market volatility, including Jerome Powell's speech and the release of job data on March 6, 2024. He points out specific times when market volatility is expected to peak, primarily around Powell's speech and the release of the FED beige book, and emphasizes the importance of being prepared for the potential market shifts these events could trigger.

05:02

🔍 In-Depth Stock Market Analysis

Rayj provides a comprehensive breakdown of the stock market's performance, focusing on individual tickers like Tesla, QQQ, and others. He discusses the implications of Jerome Powell's upcoming speech and other economic indicators on the market. This section also covers recent earnings reports from companies like Neo, Target, CrowdStrike, ChargePoint, and Ross, highlighting their impact on stock prices. Rayj uses technical analysis to predict market movements and emphasizes the importance of Powell's statements in determining market direction. He offers specific predictions on how various stocks might react to market conditions and upcoming economic speeches.

10:04

🚀 Potential Market Movements and Stock Predictions

Continuing the analysis, Rayj predicts potential movements for various stocks including Apple, Nvidia, AMD, and others, in relation to Jerome Powell's speech. He speculates on how these stocks might react to market volatility and provides detailed technical analysis for each. Rayj emphasizes the significance of Powell's testimony and its potential to either trigger a market rally or a sell-off. He also discusses the expected impact on other stocks and sectors, suggesting that Powell's speech could be a critical factor in determining market direction in the short term.

15:05

🔮 Preparing for Market Volatility and Final Thoughts

Rayj concludes with an overview of expected market volatility, focusing on the impact of Jerome Powell's speech and other economic data releases. He emphasizes the importance of being prepared for potential market movements, whether bullish or bearish. Rayj also recaps the significant points of his analysis, urging viewers to approach the market with caution around Powell's speech. He stresses the unpredictability of market reactions to Powell's comments and suggests staying informed and ready to adjust positions as necessary. Finally, Rayj encourages viewers to stay tuned for further updates and analysis.

Mindmap

Keywords

💡Tesla

Tesla is an electric vehicle and clean energy company known for its innovative electric cars, solar products, and energy storage systems. In the video, the speaker discusses Tesla's stock performance and potential market movements related to the company's after-hours activity and upcoming events that could influence its stock price.

💡Jerome Powell

Jerome Powell is the Chairman of the Federal Reserve, the central banking system of the United States. His speeches and testimonies are closely watched by financial markets as they can provide insights into the Fed's monetary policy, which significantly impacts stock and bond markets. The video emphasizes the potential market volatility due to Powell's upcoming speech.

💡Market Volatility

Market volatility refers to the rate and magnitude at which the price of a financial instrument (such as stocks) changes over a period of time. High volatility indicates a market with large price swings, while low volatility indicates a more stable market. The video highlights the anticipation of increased volatility due to economic data releases and Powell's speech.

💡Earnings

Earnings, in a financial context, refer to the profits a company makes over a specific period. They are a key indicator of a company's financial health and are closely watched by investors. The video discusses the earnings reports of various companies like Neo, Target, CrowdStrike, ChargePoint, and Ross, and their impact on the stock market.

💡Fed Beige Book

The Fed Beige Book is a report published by the Federal Reserve that provides a summary of current economic conditions by region. It is considered an important economic indicator because it offers insights into the U.S. economy's health. The video mentions the release of the Beige Book as a significant event that could influence market movements.

💡Stock Market

The stock market is a place where the shares of publicly-traded companies are issued, bought, and sold. It serves as a platform for capital raising for companies and investment for individuals. The video's main theme revolves around the stock market's performance, with discussions on various stocks and the factors affecting their prices.

💡Technical Analysis

Technical analysis is a trading discipline used to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume. The video uses technical analysis to predict potential movements in stock prices, mentioning indicators like the 50 EMA (Exponential Moving Average) and support/resistance levels.

💡Investment Advice

Investment advice refers to recommendations or guidance given by financial advisors or experts on how to invest money. The video script includes a disclaimer that the speaker is not a financial planner and that the content should not be taken as financial advice, emphasizing the importance of individual research and responsibility in investment decisions.

💡Economic Data

Economic data consists of information about a country's economy, including employment figures, GDP, inflation rates, and more. These data points are crucial for understanding market trends and influencing investment decisions. The video mentions specific economic data releases, such as job openings and quits, which are expected to affect market movements.

💡VIX

The VIX, or Volatility Index, is a measure of the stock market's expectation of volatility over the coming 30 days. It is often referred to as the 'fear index' because it tends to rise when investors are more fearful of market declines. The video discusses the VIX's movement and its potential implications for market sentiment.

Highlights

Rayj discusses the recent sell-off in the market, particularly focusing on the SPY.

Jerome Powell's speech is anticipated to cause significant market volatility.

The release of job openings and quits data is expected to impact the markets.

The FED beige book's release is highlighted as a key event for market watchers.

Earnings reports from companies like Neo, Target, CrowdStrike, ChargePoint, and Ross are discussed.

Tesla's stock performance is analyzed, with potential price movements predicted based on Powell's speech.

The QQQ index is expected to retest certain levels, with Powell's speech potentially influencing its direction.

Nvidia's chart is analyzed, with potential reactions to Powell's speech considered.

Apple's stock performance is discussed, with potential bounces or drops predicted.

Rivian's stock is expected to retest certain levels, with Powell's influence on its movement noted.

SoFi's stock is approaching critical support levels, with potential bounces discussed.

Arm's stock is analyzed, with potential bounces or continued downward movement considered.

Super Micro's stock is showing bullish signs, with potential reactions to Powell's speech.

The Russell 2000 index is bearish, with potential bounces or further declines predicted.

Microsoft's stock is expected to react to Powell's speech, with potential bounces or drops.

AMD's stock is analyzed, with potential bullish movements predicted.

The VIX index is watched for potential downward movement or spikes due to Powell's influence.

Coinbase's stock is at support levels, with potential movements based on Powell's speech.

Google's stock is attempting to bounce, with Powell's speech potentially influencing its direction.

Amazon's stock is weak, with potential movements based on Powell's speech and technical indicators.

Meta's stock is stuck between support and resistance levels, with Powell's speech expected to determine its direction.

Create Stunning AI Art Instantly

No login. No cost. Just incredible AI images !

Create Stunning AI Art InstantlyGenerate Now