April 15th Stock Market Update - Indices head lower on Israel / Iran Conflict

$CRM AAPL

Author

Mukund Mohan
April 15, 2024

Market

“All 3 indices retreated dramatically lower after a strong overnight move, heading lower on uncertainty about Israel / Iran conflict and the US response. Salesforce took a beating on news it is trying to acquire Informatica” 🫢 😬 

All 4 indices headed lower, but NASDAQ was worst hit

As I mentioned Friday, our short trades are now working better than long. The NASDAQ moved below the 50 day MA on the daily and will help us get the best short plays.

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Since the QQQ is below the 21 day MA our short positions are yielding better results

Insights from the portfolio

$FTNT Fortinet Inc Deep Dive and 2024 Outlook

The Cybersecurity company is one of the best value stocks in a hot space

stocksmarts.substack.com/p/ftnt-fortinet-inc-deep-dive-and-2024

Video of the day

Today’s video is on Broadcom $AVGO, the software and semiconductor conglomerate with strong growth thanks to VMWare acquisition.

Deep dive of the day

Today’s write up is on Tidewater $TDW, a oil offshore logistics company.

Tidewater Inc $TDW Deep Dive – Investment Literacy Coach

Offshore oil drilling and logistics

blog.mukundmohan.online/index.php/2024/04/15/tidewater-inc-tdw-deep-dive

Good setups for swing

Short $CRM to $265 then $250

$AAPL should retest $169