Market Update: Strong Performance and Fed Speakers

TLDRThe market is flat in the morning, with positive figures for the NASDAQ and S&P. Economic indicators and multiple Fed speakers are expected. Tesla and Fisker face challenges. AMD is set to break $200. Bitcoin is nearing $64,000. Kodak shows potential.

Key insights

💼The market is off to a flat start, with positive figures for the NASDAQ and S&P.

📈Economic indicators and multiple Fed speakers are expected, which may impact market sentiment.

🚗Tesla is facing challenges, while Fisker's bad news raises concerns for investors.

💰AMD's stock is poised to break $200, presenting a potential trading opportunity.

Bitcoin is nearing the $64,000 mark, indicating strong momentum in the cryptocurrency market.

Q&A

What economic indicators are expected today?

Today's economic indicators include the S&P Global Manufacturing PMI and ISM Manufacturing PMI, as well as the Michigan Consumer Sentiment with an inflation expectation component.

Are there any challenges for Tesla and Fisker?

Yes, Tesla is facing aggressive selling pressure, while Fisker is facing concerns over its viability as a going concern.

What is the potential trade opportunity with AMD's stock?

AMD's stock is nearing the $200 level, which could trigger a breakout, providing a potential opportunity for traders.

What is the current price of Bitcoin?

Bitcoin is currently trading near $64,000, showing continued strength in the cryptocurrency market.

Which company is showing potential in the market?

Kodak, with its recent announcement of a $1.2 billion pension surplus, is attracting attention in the market.

Timestamped Summary

22:26The market is off to a flat start, with positive figures for the NASDAQ and S&P.

29:34Economic indicators and multiple Fed speakers are expected, which may impact market sentiment.

30:32Tesla is facing challenges, while Fisker's bad news raises concerns for investors.

32:19AMD's stock is poised to break $200, presenting a potential trading opportunity.

35:16Bitcoin is nearing the $64,000 mark, indicating strong momentum in the cryptocurrency market.

36:03Kodak's announcement of a $1.2 billion pension surplus is attracting attention in the market.