Sunday Night Weekly Recap June 30, 2024

Here we are, the 2nd half of the year begins tomorrow. The first half saw some good gains. NVDA though it took a hard hit this past week briefly held the worlds #1 spot at 3.3 Trillion. Now down to a measly 3.2 Trillion. Not to shabby. AMZN which we have been watching diligently just entered the 2 Trillion dollar club. And with the July 19, 2024 AMZN 200 Call Options being one for the record books we are only weeks away from learning who will make all of that money and who will not. Not all Calls are bought, some are sold ( or shorted ) meaning that the seller intends for the price to stay below the Strike price ( 200 in this case ) to make a profit. Situations like this one are the ULTIMATE Bull VS Bear Battle. Options traders do have ways to navigate that but that is another topic for another time.

In Fridays post I spoke about “Portfolio Rebalancing.” Currently I’m in the process of doing that. And another thing that is changing is I am moving investingwithfaith.com to a different hosting site. You will still receive the same great content at no cost but I will also be offering a premium service that is coming soon. Through the upcoming investingwithfaith.com premium service you will be able to access illustrated charts with stocks that have not only broken from their current bases for actionable trades but for ones that are forming bases to be added to your Watch Lists. I will also be adding links to the YouTube videos I’m making on market education. Also included will be lists of upcoming earnings and news events to watch for. There’s more in the works, and you are hearing it here first.

As we do every Sunday night lets take a look at the Heat Maps for the past week, the past 4 weeks, and the past 12 weeks in that order.

Invest wisely, live charitably and be well

Brother Bill