Summary
Highlights
The next two weeks are crucial with the Fed's rate cut decision, preceded by the PPI and CPI data. These reports will significantly impact market direction. The host reviews successful September stock picks, BABA and Google, both of which have seen significant gains since his recommendations. He emphasizes the importance of timely action based on technical analysis.
The August PPI report will be released on Wednesday at 8:30 a.m. EST, followed by the CPI on Thursday. Traders should make decisions the day before these releases. The host invites viewers to join his live trading community on Discord for real-time reactions and A+ scalp setups, noting a high success rate on recent alerts.
The host introduces Intel as a stock with significant potential. He highlights four key fundamental aspects: government ownership through the CHIPS Act funding (9.9% passive shares), a $100 billion investment to expand US chip manufacturing capacity (canceling European projects), current trading at 1.1 times book value (with potential to reach 3x, or $75-$80 per share), and leading R&D spending, exceeding Nvidia by 28% and AMD by 156%.
The video details several bullish technical indicators for Intel's chart. The first is a 'golden cross,' where the 50-day moving average crosses above the 200-day moving average, historically leading to significant price surges (e.g., 73% in a past instance). The second indicator is a 'pennant flag' pattern, which typically breaks to the upside 80% of the time, with a potential price target of $32-$35. Lastly, the current price is sitting on the monthly anchored VWAP from its IPO, historically a good buying opportunity.
The trigger for a significant upward move in Intel is a daily close above $25, followed by a high-volume continuation move the next day. The profit zone is projected between $30 and $35. A stop-loss consideration is advised if the price drops below $22, indicating a pause in the bullish trend. The video encourages viewers to apply their own due diligence.
The host concludes with a review of the Moomoo Investment app, highlighting its limited-time offer of up to $1,000 in Nvidia stock for a deposit. He also notes its 8.1% APY on uninvested cash for the first three months (4.1% thereafter), a useful earnings calendar, and zero commission fees on US stocks, ETFs, and options.