Robin Hood is at -1 on the Hill Conviction Index, moving closer to the creator's buy territory, and is being watched for potential future purchases.
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Stocks Are About To Fall Into Chaos (Here’s My Plan)
The creator anticipates a volatile week in the stock market due to geopolitical events, tech and AI earnings, and chart battles. Monday's focus will be on the escalating Iran conflict and its potential impact on oil prices and inflation, though the market's reaction may not be straightforward. Tuesday will feature several earnings reports (GM, Northrop, 3M, Danaher, Halliburton), but the creator believes they will have minimal market impact in the current climate.
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Tickers discussed in this post
Nvidia has moved down to a +2 on the Hill Conviction Index, and while not yet in buy territory, the creator is watching it as it moves towards potential purchase levels.
AMD is currently at -3.1 on the Hill Conviction Index, and the creator is watching it as a potential purchase candidate if the index falls further.
SoFi is being watched as sellers could push it down to $15.65 or $14.93 if conditions worsen, and it's currently at -2 on the conviction index, halfway to the buy territory.
Micron is currently falling through buyer zones with sellers in control, and the creator is watching it closely, noting it's already in buy territory based on their conviction index.
IBM is mentioned as one of the companies whose performance and supply/demand data are relevant to understanding Intel and the broader AI market.
Intel is pivoting to AI with dedicated accelerators and the AI PC revolution, making its earnings report crucial for understanding the AI market's health.
Tesla's earnings are important due to its volatility and focus on robo-taxi and AI, serving as a gauge for the future of the industry.
Alphabet's upcoming earnings are a major event, with investors focused on Google Cloud revenue as a proxy for AI demand and capital expenditure on AI infrastructure.
The S&P 500 rallied through escalating geopolitical conflict in April, suggesting that market reactions to current events may not be straightforward.
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