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The article discusses the upcoming week's market outlook with a focus on the S&P, Nasdaq, DXY, and Bitcoin. It also provides an analysis of several stocks including Apple, Tesla, Google, Marathon Digital Holdings, Amazon, and Advanced Micro Devices. The author suggests potential bearish movements for the S&P and DXY, while Bitcoin might see a move towards 32k. The stocks mentioned are analyzed based on their recent performance and potential support and resistance levels.
July 10, 2023 | 7:50 pm
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NEUTRAL IMPACT
Apple's stock bounced from support created Thursday morning up to the 192.50 level. Below support at 190.50 could lead to lower prices.
The stock has been bouncing off the support level, but if it falls below 190.50, it could lead to lower prices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Advanced Micro Devices' stock is at a critical spot to hold here if bulls want that push back to 118.
The stock is at a critical level. If it holds, it could push back to 118.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Amazon's stock had a strong day on Friday, but is still in the range it has been stuck in for quite some time now. Bulls would have to defend the 129.50 level for a push higher.
The stock had a strong day but is still in a range. The key level for bulls to defend is 129.50 for a potential push higher.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Google's stock ran into resistance formed on Thursday at 121, before falling back down into support. The biggest area to hold on Google is 118.40 support.
The stock ran into resistance and fell back to support. The key level to watch is the 118.40 support.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Tesla's stock is in a critical spot. A hold here could lead to a bounce and challenge the high of 284.25. Taking out the low of 272.88 could lead to a downward trend.
The stock is at a critical level. If it holds, it could bounce back. If it falls below 272.88, it could start a downward trend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Marathon Digital Holdings' stock is still following trend, with a run into resistance and setting a new short term high. If the Bitcoin idea plays out, Marathon has some more room to the upside.
The stock is following the trend and has hit a new short term high. If Bitcoin moves as predicted, the stock could rise.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80