Oil reversal, gold super cycle, and a Tesla trade setup – Stock Market Analysis for October 18, 2024

Welcome back everyone to Stock Market Weekly Episode #753 for Friday, October 18, 2024 where we will be breaking down the most important trends, price action, and noteworthy moves across financial markets.

As always, we will share extensive analytics on the S&P500 (SPX), Nasdaq 100 (NDX), Russell 2000 (RUT), and current volatility environments.

In this week’s episode:

• Big reversal down in crude oil
• ASML lower than expected sales
• TSMC beats expectation on heavy demand
• Bitcoin testing on YTD high range
• Small caps kicking into gear
• Gold now up over 30% YTD & Silver Breakout
• Time to buy the dip in China?

Markets covered: USO GLD SLV IBIT KWEB SMH

Stocks covered: TSLA

We hope that you enjoyed this week’s episode!

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