META, AMZN and MSFT On The Move! Here's How To Pinpoint Entry

06.07.24: Mary Ellen McGonagle, author of the MEM Edge report, reviews what drove the markets to new highs. She highlights S&P 500 sectors, and points out good entry points on stocks that have reversed their downtrends. Mary Ellen also takes a close look at why stocks did not respond to today's spike in interest rates.

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00:00 - Welcome!
00:33 - NEWS: Weak Economic Data, Employment Report, FOMC
01:47 - S&P 500 ($SPX)
02:10 - SECTORS: Comm. Services (XLC), Healthcare (XLV)
03:42 - Technology (XLK), Discretionary (XLY)
04:38 - Industrials (XLI), Energy (XLE)
05:39 - ETFs: Nasdaq Comp ($COMPQ), Semiconductors (SOXX)
06:46 - US Medical Devices (IHI), Biotech ETF (IBB)
07:48 - 10-Year Yield ($TNX), Homebuilders (XHB), Regional Banks (KRE)
09:18 - MEGA CAP: Amazon (AMZN), Meta Platforms (META)
13:17 - Nvidia (NVDA), Microsoft (MSFT), Software ETF (IGV)
14:56 - BOTTOM FISHING: Expedia (EXPE), Illumina (ILMN)
15:56 - Uber (UBER), Abbott Labs (ABT)

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❗️DISCLAIMER
Past performance is not indicative of future results. Neither the Show Participants
Strategies or investments discussed may fluctuate in price or value.

Investments or strategies mentioned in this show may not be suitable for you and
you should make your own independent decision regarding them. This material
does not take into account your particular investment objectives, financial situation
or needs and is not intended as recommendations appropriate for you.

You should strongly consider seeking advice from your own investment advisor

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[StockChartsTV]

👀 See what better financial charting can do for you!
👍🏻 If you enjoyed this video be sure to hit the THUMBS UP

[randyshelton]

The very best weekly channel available, perfect! Thank you

[IrinaSuvorova-gkod]

A trader who knows and focuses on what he is doing; the king of BO. I think on a question, you answered it before I asked it. Wow, shine more !!!

[nanalu]

Thank you for the weekly market reports with insight for what to pay attention to in the week ahead. You are very much appreciated.

[SarkisKlinik]

Hi Mary, do you have a video about how to interpret the MACD indicator ?Thanks

[Superflow]

Awesome video 🙏🏼
The market was wild this week.
Boot barn finally had a Red day also.