Trading Tips With Jim Stromberg Jim Stromberg

The odds are fairly good for another green week on Nasdaq, though perhaps not as strong as last week when the Nasdaq rose more than 4%. In the $1,000 challenge, betting on Snap last week paid off, boosting the $1,000 portfolio to $2,784. We are now on the hunt for the next milestone at $4,000.

The upcoming week will be busy with major quarterly results from companies such as Starbucks (SBUX), Coca-Cola (KO), Marathon Petroleum (MPC), 3M (MMM), Mastercard (MA), Qualcomm (QCOM), Pfizer (PFE), Apple (AAPL), and Novo Nordisk (NVO), to name a few. The highlight of the week will undoubtedly be the Federal Reserve minutes on Wednesday.

Tune in for more updates!

This week, heavy hitters like Meta, Microsoft, General Motors, General Electric, Alphabet (Google), and Tesla will release their quarterly results.

By the end of the week, we'll have more insights into the GDP and inflation, as PCE numbers are set to be released on Friday.

Expect a volatile week where the oversold Nasdaq could bounce back, at least temporarily. In the $1,000 challenge, Asteria (ATXS) has been sold at a loss, setting the portfolio back to $1,944, which will be reinvested into Snap Inc (SNAP) this week.

Tune in for a brief podcast covering the main events of the week.

With minimal resistance ahead, Nasdaq appears poised for further gains following last week's 2.85% increase. While buy signals are on the rise across various markets, they have yet to reach overbought levels.

In the $1000 challenge, the investment in Astria Therapeutic (ATXS) made last Monday at $15.61 is currently experiencing a 3% loss, bringing the challenge balance to $2.148.

Stay tuned for this week's market updates!

This week it will be all about FED and Nvidia as the market is battling for the next direction. First out is Nvidia presentation on Monday, while FED and Powell will give market update on Wednesday. Xpeng to give quarter results on Tuesday and can this spark some fire in EV again?



Snap was sold last week with a profit of 6.73% leaving $2.244 in the $1.000 challenge war chest. This week the bet is into a company that already has had an amazing upturn.



Tune in to this week's trading podcast with Jim to see what this week's bet is.

This week will be all about FED and Nvidia as the market is battling to move in the next direction. First out is the Nvidia presentation on Monday, while FED and Powell will give a market update on Wednesday. Xpeng will give the quarter results on Tuesday. Can this spark some fire in EV again?


Snap was sold last week with a profit of 6.73%, leaving $2.244 in the $1.000 challenge war chest. This week, the bet is on a company that already has had a fantastic upturn.


Tune in to this week's trading podcast with Jim to see what this week's bet is.

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On Wednesday, Powel and the Fed will give some insights into their thinking for 2024. No big surprises are expected as the forecasted decline in interest rates is pushed to the second half of 2024. But the market will pay close attention to the wording as Nasdaq is at a new all-time high.



The trade into Snap is going slow, but there are signs that things may happen this week. With little resistance before $14, the right mix can make for a strong return.



This and much more in this week's Trading Tips With Jim