Morning Scoop
Good morning, traders! It’s been a great rally lately, but the question is: do we hold onto our positions or are we just being set up by the bears? 🤔 It’s hard to say, but that’s what makes the market so exciting! We’ll have to keep a close eye on things this morning and see what’s really going on. So buckle up and let’s get ready for some action!
Markets
🧠Brain Game
What comes next in the following sequence?
1, 1, 2, 3, 5, 8, 13, 21, _
Take a few seconds to think about it before scrolling down for the answer.
📈📉 S&P 500 Futures Update
Price is still pushing higher today, and we’ve had a great run over the last few days. It’s almost the end of the quarter, and some traders are saying that this could be some window dressing to finish out the first quarter of the year. I’m hoping for another push higher today so I can catch some good trades, but I’m staying flexible and ready to catch the wave no matter which direction it goes.
🔮 Forecast
Stocks have been rallying higher lately and it’s been a good opportunity to catch some trades with relatively low risk. We’re still hovering around those important levels that need to be broken. If we can maintain this momentum, there’s a chance we could see the market push towards the $4000 range. But, as traders, we know better than to guess what the market will do. We have to look at things probabilistically and weigh the potential outcomes. Remember, it’s not about being right all the time, it’s about following the market and making informed decisions based on what we see.
Chart Analysis
TSLA is looking like it’s setting up for a nice move. Price has been holding above the 200 period moving average and forming a clear channel. If we can break out above the top white line, we could see a nice push higher. You know how it is with Tesla, when it moves, it moves fast. That’s why I’m keeping a close eye on it and I’m sure others are too. Let’s see how this plays out!
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🧠Brain Game Answer
The next number in the sequence is… 34.
This is a well-known sequence called the Fibonacci sequence, in which each number is the sum of the two preceding numbers. So, starting with 1 and 1, we get 2, then 3 (1+2), then 5 (2+3), then 8 (3+5), and so on. Therefore, the next number in the sequence must be 21+13=34.
Wrap-up
Hey, traders! It’s important to protect your capital, because without it, you can’t make any trades! Today, I’ll be keeping a close eye on AMD, TSLA, and META. I’ve been trying to stick to just these three names and really get to know how they move. Each stock has its own personality, and it helps me avoid FOMO and jumping into trades just because everyone else is doing it. So, let’s enjoy the day and make some smart trades!
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