Week 39, 2024: Telegram Signals are Almost Here, The Stock Market Hitting All-Time High Again, Job Market Strong
Big Things
Hello Investors,
We’re back with fresh, unbiased data for this week in the US stock market.
This week’s podcast is here:
My podcast will be forever free.
This is What Everyone Is Waiting For
If everything goes according to plan, this week the Telegram channel with buy/sell signals will be online. Maximum 2 weeks. I don’t want to ship an unfinished product.
Everyone will be notified by email and chat here.
This will be included in all paying subscriptions.
My quant system is analyzing 2,580 $1B+ companies from NYSE and Nasdaq 24/7. You will be getting signals in real time. Not only for SPY like I was planning before, but for all of the tickers.
Here is a sneak peek from right now:
SLB 0.00%↑ PSX 0.00%↑ SNOW 0.00%↑ ZBH 0.00%↑ QXO 0.00%↑
In the final product – The Telegram Channel – you will get graphs and detailed data and reasoning for the signal.
Lifetime price will go EXPONENTIALLY up once this is online.
Other Important Announcements:
I am in the process of restructuring and rebranding this Substack. New topics will include: reducing taxes, creating generational wealth, swing trading using signals, and learning how to create a successful Substack newsletter. I’m hiring a team. All of this will be in addition to other content I’ve been creating before.
On Wednesday I will publish a Hyper-Growth ETF portfolio.
I have published my 3-ETF Dividend portfolio last week that also got very nice responses:
I published a very controversial piece on why I denounced my US citizenship:
The Tesla Giveaway draw happened on Friday. I have already contacted the person who won and they responded. Video proof here. We are currently discussing everything and she is very open to showing proof on her side after she receives the money, but at the same time we have to protect her identity as much as possible. I will keep you updated about this.
As always, I have also written a deep dive on last week’s market recap and my predictions for the next week.
You can also find my typical quant data and the stock insiders’ significant buys/sells with my interpretation. Very interesting sales this week, including a single sale of over $2B.
Every day I am posting summaries of news that are relevant for investors. I try to post about 30 minutes before the markets open and cover the last 24 hours of news. On the weekends I post in the afternoon.
10-year performance of Fortress of Solitude portfolio
This graph was generated by our friends at TradingView. Did you know you can get 60% off the Premium plan forever even though it's not Black Friday?
S&P500 Heatmap over the last week
This graph was generated by our friends at TradingView. Did you know you can get 60% off the Premium plan forever even though it's not Black Friday?
Excel data:
How Spy is Looking Over The Last Month
This graph was generated by our friends at TradingView. Did you know you can get 60% off the Premium plan forever even though it's not Black Friday?
SPY Performance Analysis (30-Min Chart) - Past Month
Summary:
SPY (SPDR S&P 500 ETF Trust) has been consolidating within a defined rectangular price range for most of the past month, between $540 and $565. It recently broke above $565 and is currently trading at $571, with a potential target of $588. The current price action suggests that SPY is either preparing for a sustained breakout or could face resistance around $575.
Key Observations:
Range-bound Trading and Breakout:
SPY has been moving between $540 (support) and $565 (resistance) over the past month.
Recently, SPY broke out of this rectangle pattern and is now trading at $571, signaling bullish momentum.
Resistance at $565 and $575:
The $565 level, previously a major resistance, has been breached. However, SPY may face additional resistance around $575, as price action could consolidate before moving higher.
Target and Next Move:
The chart marks a target of $588, which is the next key level to watch if SPY maintains its upward momentum. A break through $575 could trigger a rally towards this level.
Downside Risks:
If SPY fails to break above $575, it could retrace back towards the $565 level, which may now act as support. A break below $565 could send the price back to the $540 range.
Conclusion:
Watch for strong volume and momentum around $575—this will likely determine whether SPY 0.00%↑ heads towards $588 or pulls back to retest support.
Please send feedback and ideas using comments, PMs, or email. I answer all emails and PMs personally. No personal assistant BS here.
And, as always — stay informed — and do your own due diligence,
Jack Roshi from the Daily Moat
Market Recap: September 23-27, 2024 and Predictions for Next Week:
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