The Week Ahead (Patreon)
Content
Looking ahead to the coming week, the focus will be on the release of the Federal Open Market Committee (FOMC) minutes on Wednesday. The Federal Reserve is expected to convey their commitment to maintaining current interest rates.
Observing the market, the S&P 500 made an unsuccessful attempt to breach the 4600 level and subsequently dipped below 4500. This dip may potentially extend further to the 4400 level. It's worth noting that trading volume remains notably low across various asset classes, including Bitcoin, and this trend is anticipated to persist.
Anticipating market movements, retail sales data is scheduled for release in the upcoming week. Its impact on triggering a market rally remains uncertain at this point.
My strategy is centered on identifying favorable opportunities. In particular, I am looking to secure
- more MicroStrategy (MSTR) shares under 375 USD, building upon our recent successful purchase that yielded a 10 USD increase.
- Additionally, I am eyeing Tesla (TSLA) within the low 230s range
- Solana (SOL) in the 23s
- and Bitcoin (BTC) cautiously due to its position above 28500 USD. My preference leans towards leveraging the volatility of MSTR.
Wishing you a pleasant evening ahead.