Hey Traders,
The S&P 500 (SPX) had a standout week ending April 17, gaining roughly 4.5% and closing above 7,100 for the first time, marking its best weekly performance in the past year. The rally was driven by strong momentum in tech, highlighted by a 13-day winning streak in the Nasdaq, along with improving sentiment around a potential Middle East ceasefire and falling oil prices.
Adding to the bullish tone, solid early Q1 bank earnings helped ease concerns around the health of the consumer and broader economy, giving markets additional confidence to push higher.
⚠️ What I’m Watching This Week
Even with the strong move, markets remain headline-driven.
· Geopolitics: Developments around the Iran conflict will continue to play a major role. Any resolution could provide clarity and potentially support continued upside, while renewed tensions could quickly shift sentiment.
· Earnings Season: This remains a key driver, with major reports coming from:
- UnitedHealth (UNH)
- Tesla (TSLA)
- Intel (INTC)
These earnings will give us insight into multiple parts of the economy — healthcare, consumer demand, and tech/semiconductors.
After a move like we just saw, the big question becomes: can the market sustain momentum, or do we see some consolidation?
🎥 New Video: Top 4 Stocks With the Biggest Upside Right Now
If you’re looking for high-upside opportunities in this market, I just dropped a new video you’ll want to check out.
In this one, I break down:
- My top 4 stocks with the biggest upside right now
- The catalysts driving each name
- How I’m thinking about entries and positioning
👉 Check it out here :
|
🚀 Want Weekly Trade Ideas & Market Guidance?
If you want a structured approach instead of reacting to every move, that’s exactly why I built The Launchpad.
Inside The Launchpad, you get:
- High-probability trade ideas
- Weekly market updates
- Options income strategies
- Real-time alerts and discussion
The goal is simple: help you stay consistent and profitable — no matter what the market is doing.
If you’re ready to trade with a plan instead of emotion, The Launchpad is built for you.
Talk soon,
Gautam
⚠️ Disclaimer: Options involve risk and are not suitable for all investors. Returns are not guaranteed. This message is for educational purposes only and not financial advice.
