ASIAN STOCK MARKETS CRASHING! ARE US STOCK MARKETS NEXT? – Top Stock Picks for Wednesday, July 27, 2021
Hi guys it’s stock curry and there’s a lot that you need to know before the market to open on wednesday we’re going to talk about the fed meeting we’re going to talk about earnings we’re going to talk about more signs the new market crashes coming up and i’ve also got a few stock picks for you so let’s get into it okay the first thing that you need to know for
Wednesday is that the fed is speaking on wednesday now they’re wrapping up their meeting that they had tuesday and wednesday and we’re going to get a press release from jerome powell on wednesday now i don’t expect the fed to make any policy changes this month but what i’m looking for is any information on whether they’ll be cutting back on their bond buying
Anytime sooner than expected or if they’re going to be raising interest rates any sooner than expected the fed if the fed says that inflation is higher than they thought it would be that’s going to be bad for the stock market because that means that the fed is going to have to raise interest rates sooner than they want to do in order to combat the high inflation
At the same time if the fed says that they’re concerned about the new delta variant and how that might affect the economy or affect the reopening of the economy then that could also be bad for stocks because that means that growth just isn’t there the economy isn’t doing as well as we thought it would and that could also cause the stock market to go down on the
Other hand if the fed reiterates their current stance on the economy and they don’t see any warning signs in the economy then that will be good for stocks it could also cause the 10-year treasury to drop even further which is going to be great for high growth stocks the next thing we need to talk about are earnings now on tuesday apple amd google microsoft and
Starbucks all reported earnings and across the board they blew earnings out of the water earnings were really really great and we did see amd microsoft and google all up about one percent after hours apple and starbucks on the other hand both fell two percent after hours now this is really concerning to me because i really would have thought that giving the
Huge earning beeps that we would have seen these stocks rise a lot more than one percent so really i mean especially given the fact that these stocks were down pretty much all day on tuesday it really just is not good after hours action for companies that are beating earnings i mean on the daily charts these companies are overbought they are due for a pullback
And despite the earnings beats it still looks like these large cap stocks are going to pull back so just be careful of that because when large cap stocks pull back that in turn is going to draw the indices overall down and speaking of stocks going down we are getting more signals that a market correction and possibly a crash are on the horizon we had another big
Red day today whenever we get volatility in the markets that is the markets move up or down more than one percent day to day that is often an early warning sign that a correction or crash is about to happen the other thing to look at are the asian markets now the asian markets will often sell off before the us markets do and lately the asian markets have been
Getting absolutely crushed hong kong’s hang seng index is down more than eight percent in the last two days alone chinese stocks are also down and that is affecting a lot of the high growth stocks that retail traders are invested in such as neo and alibaba and jd.com and stocks like that now another thing i look at to determine when a market correction or market
Crash might happen are valuations and right now valuations especially on large cap stocks are very high the p e ratios are incredibly high and the rsi is also pointing to over bots so that is another indicator that we’re about to get a correction or pullback in the markets now even though we have a lot of signs that are pointing to an upcoming market correction
Or market crash i want to be clear that you cannot time the market nobody knows when the next correction or crash is going to come it’s possible we look back on this period and we say wow there were so many warning signals everybody should have known that a huge market correction was going to come in august or september of 2021. on the other hand we could look
Back at this time period and say oh everybody said the market was going to correct and nothing happened so don’t worry about it you know this time and so i don’t know what’s going to happen nobody knows all i can say is we have a lot of signals and a lot of signs that are pointing to an upcoming market correction or market crash so what i would do right now is
I would just start preparing i would maybe think about selling some of your large cap stocks that are at all time highs right now sell them right now and then also maybe start loading up on some cash if you sell those don’t rebuy something else just put your money into cash another thing you might want to start thinking about doing is some hedges think about
Things such as sqqq uv xy things like that one warning about hedges though is just be careful because these are designed to go down over time and so i never recommend holding a hedge longer than about one week another thing that you could do that might help you out a little bit longer term is to sell some vertical call spreads vertical call spread options make
Money when the market goes down now again you can’t time the market nobody knows when this is going to happen so in summary just don’t panic but do prepare just take this time to start closing out some of your stocks that are at all-time highs and take this time to start loading up some cash so that you can buy the dips once the market correction is over okay
The last thing i want to talk about before we get into our stock picks is a little bit of training now if you’re a new investor and you’re trying to learn how to invest in the stock market you’re trying to figure out how to invest profitably so that you’re not just constantly losing money i recommend you take a trading course and by far the best trading course i
Found is something called ziptraderu now i reached out to ziptrader and i negotiated a 15 discount off of ziptrader you for you that’s actually better than what ziptrader is offering his own viewers right now so what i would recommend is if you’re trying to learn how to trade you want to learn how to trade profitably go check out ziptraderu i have a link for it
In the description of this video along with the instructions on how to get 15 off the other thing i’m looking into right now for you guys is possibly a discord server with a whole bunch of analysts and other people that can jump on there say 24 hours a day just help you out any time day or night where you can just get together with people and learn about stocks
And options and crypto i do have a facebook group right now that is completely free uh if you want to check that out it’s facebook.com groups we profit day and night but i’m trying to find something even if you’d have to pay just trying to find something that we can bring in a lot of other analysts that can get on there and be able to help you out right away
Because i’m not always available sometimes i’m doing other things or i’m you know sleeping sometimes or i’m watching videos or i’m doing my own training and i’m not always there for you guys throughout the day during the market open hours and so hopefully i can find something for you guys where you’ll be able to get help right away immediately if you’re like hey
You know what do you think about the stock is somebody who might be able to jump in and within an hour just answer your question so that’s what i’m looking for uh but for the time being you can go to the we profit day and night facebook group which is completely free yeah go over there sign up join and post whatever questions you have and we have a lot of great
People in that community that will help you answer those questions we’ve got almost 2 000 people in that group already so it’s amazing it’s going great okay guys let’s get into our stock picks now for those of you who are new this channel my name is stockhurry i used to work as an analyst for some large investment banks and now i analyze stock picks on youtube
Every day i watch hours of videos from the top youtubers and then i consolidate all of their stock picks into a single video i give you the cliff notes on their stock picks as well as my analysis on their stock picks now if anything i talk about today piques your interest make sure you listen to who i say talked about that stock and then go watch their video to
Get the full details on what they said now all i ask for putting all of this together for you guys is that you hit that like button subscribe and follow the page so that you can get notified when i release my next video in fact i’ll give you five seconds to do that right now okay before we get into our stock picks i just want to remind everyone that i am not
A financial advisor nothing i talk about today is a recommendation to buy sell or hold these are just my opinions which may or may not be accurate please do your own research before investing in any asset now if you’re wondering what you’re looking at right now you’re looking at the weeble desktop app weeble is the app that i use for my trading and it’s also the
App that i use in all of my videos if you’d like to get two free stocks worth up to two thousand three hundred dollars you can sign up for weeble using my link in the description below when you sign up using my link in the description below and deposit just one hundred dollars weeble’s gonna send you two free stocks worth up to two thousand three hundred dollars
And if you’re not a us resident or if you’re looking to trade otc penny stocks then i recommend interactive brokers i have a link to interactive brokers in the description of this video as well if you’d like to check that one out and just a reminder i do have material connections with both weeble and interactive brokers so when you sign up for either one not only
Are you getting a great broker or trade with you’re also helping me to continue to produce these great videos for you okay let’s get into today’s stock picks and the first thing we’re going to talk about is bitcoin the traveling trader thinks this most recent run up on btc is actually a dead cat bounce he sees a lot of similarities between the chart now and the
Chart back in 2017 and 2018. we’ll have to see if this is in fact a dead cat balance or the start of a new bull run given how many countries are jumping into the blockchain bandwagon though i do think the environment today is very different than it was back in 2017 and 2018. i’m still leaning towards a new bull run but the similarities and the chart patterns cannot
Be ignored as of the recording of this video bitcoin was back over 40 000 so that adds weight to this being a new bull run and next up is aapl this is apple the traveling trader said that aapl always beats earnings the problem is that aapl drops after earning 75 of the time and in fact that’s what we saw with aapl today the traveling trader recommends waiting
For aapl to drop further before buying in aapl usually bounces off of the 100 day ema post earnings therefore i’m going to reiterate my 140 by under price and my 135 dollar ideal buy in price i am going to lower my stop loss price down to 125 just in case aapl pulls back too much for a day or two and next up is amc this is amc movie theaters keenan grace let
Us know that the sec announced that they had charged 27 firms for failing to file their customer relationship summaries in a timely fashion the customer relationship summary or crs is a new form that the sec required starting two years ago the sec gave broker dealers two years to complete their form and deliver it to customers by june 30 of this year none of the
27 institutions charged yesterday filed their crs forms by the june 30th deadline now missing the crs form deadline in and of itself is a minor infraction but it is a sign of a larger issue in that the sec finds are often so small that institutions just ignore the rules and we’re not talking about just a few institutions here we’re talking about 27 brokers and
Advisory firms who ignore the june 30th deadline keenan grace and others are concerned that large institutions are just going to ignore other roles that are put in place also like rules designed to stop naked shorting and make the markets fair for retail investors so the concern is that even if the sec steps in and creates new rules to help out retail investors
That large institutions are just going to ignore the rules it looks like the real problem is not the fact that there aren’t enough rules it’s the fact that the fines are so small that large institutions are ignoring the rules next up is amzn this is amazon the traveling traders said that while amzn almost always beats earnings the stock price almost always goes
Down after earnings only one out of the last six times did amzn rise after earnings now amzn doesn’t report until thursday after the close so you still have time to set up a play if you want to the one thing that does make amzn a little different this time is that amzn just broke out of a year-long consolidation pattern so amzn might not follow history this time
And might actually rise after earnings it’s really hard to say the traveling trader is planning on playing a neutral position on amz and earnings that means he’s looking at opening an iron condor option or something similar next up is chpt this is chargepoint they are the largest charging station company in north america with 73 of the total market share they
Are also starting to expand globally chris sane likes chpt at the current price and i do too it looks like it might have found a bottom at around 22.50 the macd histogram is rising and the rsi remains very close to oversold chpt might drop a little bit further but i do think this would make a great swing trade as well as a great long-term hold next up is cls
K this is clean spark and they’re a solar energy company chris zane said clsk is in a buy zone now technically clsk is showing divergence the rsi and macd are both rising and the macd is about to form a golden cross but the candles are dropping when you have divergence in the technicals the candles will almost always catch up to the rsi and macd at some point
So i really like the idea of buying cls k here cls k reported a profit last quarter and if they can report another profitable quarter then the stock price should do really well clsk is expected to report earnings on tuesday august 3rd next up is ftnt this is fortinet and their cybersecurity firm tom nash first covered ftnt back in february the stock has run up
Massively since then ftnt is up over 100 over the past year tom nash now feels like ftnt should be valued at around 260 dollars it’s currently at 271 dollars so tom nash thinks it’s time to sell ftnt and move on to another play if you want the details on how tom nash came up with this valuation you can go watch tom notch’s video that he uploaded tuesday next up
Is jmia this is jumia and they’re an african e-commerce company similar to amazon chris sane said jmia is in a buy zone jmia is approaching oversold in the rsi and the macd histogram is rising those are both good signs that a bottom is near my only concern is that the candles are still below all of the emas longer term jmia is very bearish on the weekly chart jmia
Is below all of the emas and the macd is still dropping along with the rsi and on the monthly chart the macd histogram continues to follow along with the rsi as well and the candles are below all of the emas on the monthly chart too so technically jmia is very bearish on the weekly and monthly charts but does look like it might be near a bottom on the daily chart
I would personally recommend waiting a few more months before buying in i think jmaa might be a better buy in october or november next up is nio this is neo and their chinese ev manufacturer stock mo feels like 38 dollars is the bottom for nioh the 200-day ema is 39 and that’s pretty much where nio closed on tuesday we’ll have to see if nio bounces from here or
If it continues to drop if nao continues to drop then it looks like 35 dollars will be the bottom today was an anomaly technically so it’s really hard to say if nio is bottomed out or if it will start going back up and last we have pltr this is palutear and there are data analytics company christine reiterated his 18 ideal buy-in price on pltr although he said
Buying in in the 20 to 21 range would still be good i will reiterate that i do not think pltr will drop down to 18 again i will reiterate my 24 by ender price my 21 dollar ideal buy in price and my 19 stop loss price okay i hope you enjoyed this video and get a lot out of it if you’re looking for a broker to trade with you can sign up for weeble using my link
In the description below when you sign up using my link in the description below and deposit just five dollars weeble’s gonna send you two free stocks worth up to two thousand three hundred dollars they’re also going to give me one free stock so it helps you out and it also helps the channel out finally remember to hit that like button subscribe and follow the
Page if you haven’t already i hope you have a lot of success trading and i will see you tomorrow so you
Transcribed from video
ASIAN STOCK MARKETS CRASHING! ARE US STOCK MARKETS NEXT? – Top Stock Picks for Wednesday, July 27 By Stock Curry – We Profit Day and Night
