Charles Green here, Senior Market Analyst here at Traders Agency.
Here’s today Market Pulse 360.
Market Pulse 360 for May 1, 2023
This week will be the most important week this year!
NASDAQ retested 11,800 last week, bouncing off of it and forming a double bottom, which was very bullish going into this week with the Fed likely to increase interest rates and could pause, giving the continuing downtrend in inflation and the weak (1.1%) Q1 GDP Report last week.
The Fed discussed a pause at the last FOMC meeting in March, but the weak GDP report last week makes it even more likely he will pause this week.
A pause is what the market wants to hear to allay recession fears, and it will take another big leg up, assuming the Fed pauses on Wednesday.
NOW is the time to get positioned for the next big leg up.
The market has shown incredible resilience with a bank scare and recession fears over the past few weeks and has come back strong! The market has been grinding higher, and a Fed pause this week will be the catalyst to facilitate the next move up.
Recommended Strategy
Insider Effect – When the next big leg up happens, its stocks that have select “inside catalysts” that could see the biggest gains.
A Bit More About Me
My specialty is understanding financial markets and the drivers that influence longer-term direction. I’ve been an active trader focusing primarily on stocks for over 20 years.
I’ve also:
- Been an adjunct finance professor for nearly 20 years
- Worked as a financial consultant with Merrill Lynch managing millions of dollars
- Earned a Master of Science Degree in International Business and Finance from Georgetown University and a Bachelor in Arts Degree in International Studies from George Mason University.
- Spent 14 years as a Marine (I enlisted at age 17) traveling all around the world
My education, work and life experience gives me a broad view of the world, financial markets, and life in general that informs my trading and investment decisions.
My passion is helping others to take advantage of the best market opportunities to achieve their financial goals.
This gives me the greatest satisfaction, and it’s the reason why I continue to teach in the classroom and outside of it today with every activity in which I engage. I believe that I succeed only if clients succeed.
I am a very unlikely success story. And this is only because I believe that anything is possible with the right knowledge, focus, and winning mentality! When you have that, success is just a matter of time.
Charles Green
Senior Market Analyst, Traders Agency
