15 min
Trading Charts with Tim Knight - May 10, 2024 - Lessons from Netflix and Sweetgreen The tastylive network
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- Investing
In the discussion, Tim Knight reflects on the current state of the financial markets, noting a mixed day with variations in market indexes like the RTY, NQ, and ES. The upcoming week promises more activity with scheduled releases of the PPI and CPI reports, which are expected to influence market movements. Attention is drawn to NVIDIA's earnings as a significant event. The dialogue includes a review of various stocks and ETFs, emphasizing their performance, potential, and setups. Specific mentions include the S&P ETFs, IWM for small caps, Netflix with a bearish setup, and sweetgreen showing recovery signs. Additionally, the conversation covers oil prices, energy stocks, the gold miners' resistance levels, and the bearish outlook on Bitcoin. Knight also shares personal investments, mainly in long puts, highlighting the simplicity of their strategy amidst more sophisticated portfolios. Finally, the importance of watching bonds and interest rates is mentioned, alongside a reflection on CPI data suggesting a decrease in purchasing power over time.
In the discussion, Tim Knight reflects on the current state of the financial markets, noting a mixed day with variations in market indexes like the RTY, NQ, and ES. The upcoming week promises more activity with scheduled releases of the PPI and CPI reports, which are expected to influence market movements. Attention is drawn to NVIDIA's earnings as a significant event. The dialogue includes a review of various stocks and ETFs, emphasizing their performance, potential, and setups. Specific mentions include the S&P ETFs, IWM for small caps, Netflix with a bearish setup, and sweetgreen showing recovery signs. Additionally, the conversation covers oil prices, energy stocks, the gold miners' resistance levels, and the bearish outlook on Bitcoin. Knight also shares personal investments, mainly in long puts, highlighting the simplicity of their strategy amidst more sophisticated portfolios. Finally, the importance of watching bonds and interest rates is mentioned, alongside a reflection on CPI data suggesting a decrease in purchasing power over time.
15 min