The Shakedown 4-27-25

by Shake P
What a rip we got last week as we got our typical headline filled week, but the market reacted much differently than what we've seen. The big news of the week was the "He said, Xi Said," back-and-forth out of President's Trump and Xi. The Chinese consulate said the US was lying about having any contact regarding trade negotiations. With what we've seen the past month, we would expect the market to dive lower on such a headline, right? Well we saw stocks categorically change how they react to tariff news this week as stocks were not able to selloff on the negative headline, but continue to gain. This is a very important psychological development for the market.
 
We finally broke above the 20ema in both SPY and QQQ this week. We continued to extend into the weekend and are stretched to the upside so I would expect 'backing and filling' type action to start the week. I'm now looking at that 20ema as the line in the sand for the current uptrend. I want to see us continue to hold to have confidence in this market.
 
Huge week of earnings on tap as I'll go over below. The heavy hitters MSFT AMZN AAPL and META report Weds/Thurs after the close. We also have reports coming from some of our favorites like RDDT, HOOD, RBLX and many more. Lots of economic numbers this week with PCE being the biggest headline Wednesday.
 
Let's get into the report.

 
 
 
 
 
 

 
Economic Data This Week

 
Upcoming Earnings
 
 
Biggest week of earnings yet as lots of tech names begin reporting. MSFT and META Wednesday along with AMZN and AAPL Thursday as far as heavyweights go. Some other reports I'm looking forward to this week are HOOD, RBLX, RDDT, ABNB, TEAM, SPOT, SHAK & FSLR.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
HIMS Long
 
 
 
 
 
 
HIMS is coiled up to really pop this week. Love how when you zoom out, the stock is retesting a very important support level dating back to Jan 2021. It was a few cents off from going back to back inside week at this huge support level. It's been guided down by sellers by its 20ema since it topped in March. Now it's consolidated so tightly that if it can break above that 20ema resistance, we can look for the stock to really pop. Watching 28.75/29 for the entry.
 
This stock has a 33% short float so if it does break that resistance I anticipate it to squeeze sellers and run.
 
Earnings only 6 trading days away after the close on Monday, May 5th, so will likely be inclined to sell into strength if this does trigger. We will see how it sets up.
 
Trigger: $28.75/29
Stop: $26.89
Target: $36+

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