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Broad Market Analysis July 1, 2024

Every day, Tr3ndy Jon provides you with trading plans to prepare for the day, live streams throughout the trading day, and real-time alerts directly from his broker.

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From Last To First?

End of quarter could see new money flow into July. Let’s review the reasons why.

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Raghee Simpler Futures

Peak NVDA?

With end of quarter in the books, what are the prospects for semiconductors and the NASDAQ?

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The “Reversion Trade” Worked Great, AGAIN

Playing neutral 0DTE spreads into events works well, as traders like to flatten by the close.

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The Calm Before The PCE

May’s core personal consumption expenditures price index (PCE), which is the Fed’s preferred measure of inflation, is expected to rise 0.1% month over month and 2.6% annually.

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A Weekly Chart on LRCX

In this video, Allison walks through a Weekly Chart on LRCX, looking for a possibility of a move higher, along with a couple of trade ideas to consider.

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The NVDA Rally leading to Big Divergences, Again

Today the NDX showed great strength, led by NVDA, while other sectors like the YM and DJT slumped.

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Sector Rotations Setups

This is the last week of the quarter and setups can be aligned to profit taking and bargain hunting opportunities. Here’s how to do it.

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A Bullish Setup In Spotify

Danielle is eyeing Spotify for a buy due to the previous gaps post-earnings, daily squeeze, bullish trend, and proximity to previous highs.

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Fundamental Data DOES Matter

Imbalance data can matter, as the XLK rebalance led to a huge sell-off in AAPL and AVGO.

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