"Yes, No, Maybe So!"

Hi There! The Rhoda Report has reached another remarkable milestone – Issue #40. Gratitude overflows as I extend my heartfelt thanks: Thank you! Thank you! Thank you! This is just the beginning of an incredible journey, and I welcome you to join me every step of the way. Let's find inspiration in each moment and encourage each other to persevere and progress. Together, we can create a story of determination and accomplishment that inspires others.

Okay, let’s dig in!

The stock market's surprising response to a weak jobs report took center stage last week. Investors saw the silver lining as the employment data painted a somewhat complex picture of slower job growth yet sustained low unemployment and robust wages. The notion that sluggish job numbers could prompt the Federal Reserve to ease off on interest rate hikes sparked a rally, propelling stocks higher initially, only to see them retract later that week. The Nasdaq felt the sting, experiencing a nearly 3% decline. Amidst this backdrop, Advanced Micro Devices (Nasdaq: AMD) made its mark with a Q3 2023 revenue projection ranging from $5.40B to $6.00B, an optimistic outlook. Riding this momentum, AMD's stock price surged to $117.60, boasting impressive gains - up 30.90% over three months and up 18.44% in the last twelve months. While a mix of positive and negative EPS (Earnings per share) revisions kept the scene dynamic, AMD's solid financial health score stands as a testament to its overall performance.

Here are other key highlights from last week:

• Bank of America joins Feds in reversing recession call

• Oil rises for 6th straight week as global supplies tighten

• Bitcoin continued to range around $29,500

• Amazon Prime subscribers get free NFTs for Mojo Melee

• Reebok and VeeFriends step up with a joint sneaker collection

• Polygon News: Inflation and blockchain projects in Latin America

This week is a busy one in the markets:

Investors are poised for a week of key market insights. The unveiling of the consumer price index (CPI) and producer price index (PPI) promises a clearer glimpse into the trajectory of inflation, hinting at a possible ongoing descent. Yet, caution is advised, as the potential impact of rising oil prices remains to be factored in. Additionally, the US Michigan Consumer Sentiment report holds the potential to offer valuable consumer sentiment data. Meanwhile, the week will be punctuated by the perspectives of Fed policymakers, with Bostic, Bowman, and Harker taking the stage. Their insights and remarks could steer market sentiment and offer valuable clues about the future direction of monetary policy. As the week unfolds, investors will be closely monitoring these events to make informed decisions in an ever-evolving economic landscape.

Global events this week include Japan's Producer Price Inflation (PPI) and the UK's Gross Domestic Product (GDP).

This week's earnings began with the much-talked-about Palantir (NYSE: PLTR) and AMC (NYSE: AMC). Be on the lookout for other companies throughout the remainder of the week, particularly Walt Disney (NYSE: DIS) tomorrow (8/9/2023), and Alibaba Group (NYSE: BABA) on Thursday (8/10/2023).

This week's anticipated bias (not financial or investment advice):

• Monday (08/07/23) - Bullish

• Tuesday (08/08/23) - Buy the lows after 11a CST

• Wednesday (08/09/23) - Neutral - market expected to be 50/50

• Thursday (08/10/23) - Unexpected news - no trading from 8a -11a CST

• Friday (08/11/23) - Take Profits - Expect the stock market to be mixed

Trading Tip: Monday, August 14, 2023, is a special day to buy!

Week 07/30/23 - 08/05/23 Recap

Special Tools and Strategies

Market In/Out is a robust tool for traders and investors. This platform offers a Stock Screener tool with a wide range of technical and fundamental criteria, aiding in finding suitable investments aligned with your strategy. Users can explore various technical indicators and advanced screening methods, including support and resistance levels, trend lines, channels, and scoring techniques from experts like Warren Buffett and Peter Lynch.

Additionally, the Strategy Backtester empowers you to test trading ideas using historical data. The Formula Screener tool adds even more flexibility, enabling customized screening criteria.

For crypto enthusiasts, the Cryptocurrency screener is a standout feature. To use it:

• Navigate to the Active Trading section (left menu)

• Select "Cryptocurrency" and click on the "Strong" tab

• Take note of the coins with high relative strength Index (RSI) values (97 and greater all the way across)

• Analyze these coins further on your preferred charting tool and decide if they align with your trading strategy.

This comprehensive platform provides you with the insights required to improve your trading decisions and stay well-informed in the dynamic financial landscape.

Disclaimer: This newsletter is strictly educational. The information this report provides does not constitute investment, financial, trading, or any other advice. You should not treat any of the report’s content as such. Please be careful and do your research.