Weekend Market Report
In this week's jam-packed newsletter, we discuss Crowdstrike (CRWD), the iShares Russell 2000 ETF (IWM), the Fat Whoosh effect, a possible top for NVDA, and some coming changes to the gold and silver price forecasts. As always, if you have any comments, drop me a comment below. Happy hunting.
Crowdstrike is getting added to the S&P500
Remember all that noise about a Crowdstrike server back in 2016? Well, Crowdstrike is a real company that went public in 2019 and now it's about to be added to the S&P500. On top of that, it's trading near all-time highs. This is one to watch as the price might "pop" as the indices and mutual funds start buying CRWD.
![](https://www.neuralmarkettrends.com/content/images/2024/06/_2024-06-23-CRWD.png)
Tinyletter was shutdown by MailChimp, so this guy built Letter Drop
I used Tinyletter on this site for years before settling on a good email newsletter. Many people got frustrated with MailChimp (Intuit) for shutting it down.
Here's a neat repository on how to build your own TinyLetter called LetterDrop.
The fat whoosh effect
A Reddit discussion on The Whoosh Effect for those Keto people.
Good article overall, but when it refers to a "cheat" meal to break a stall, it's best to take that to mean a higher calorie meal rather than a higher carb one.
Moreover, even if your long-term goal is weight loss, eating at maintenance calories every once in a while can be good for the soul anyway. At least, I've found that past a certain point slower weight loss is happier weight loss.
The original link on Reddit discussion is dead but found it via Internet Archive
General market commentary
This was a fun week in the markets. For the most part, all the indices including the Russell 2oo0, closed higher. That said, the Nasdaq was the only one that barely closed higher this week because tech stocks got hammered. The chatter in the market is wondering if NVDA peaked?
Was Jensen signing a woman's breast the top for this tech stock?
![](https://www.neuralmarkettrends.com/content/images/2024/06/Jensen-Boob-NVDA.jpeg)
It's interesting to read the commentary on StockTwits for NVDA, it's a free-for-all of Bull and Bear cases. Some believe the stock is consolidating before another run higher and others think the boob signing is the top.
The reality is, we don't know. So what should you do? Keep your stops not too tight and not too loose. How's that for an answer?
Gold and Silver price forecasts 1 week ahead
Gold and Silver had another volatile week but closed higher from the week before. Forecasts for the metals is mixed for the next week with forecasts for a month ahead looking flat to lower.
Right now the forecast model for both metals is directionally correct 67% of the time. I will continue to update how well it does with each weekend market report.
The price forecasts for gold and silver are below the fold as well a discussion on why I built these models. Plus I write about IWM too! This stuff is below the fold and you'll need to sign up for a FREE membership if you want to read further. Thanks!