JR28 Weekly Market Insights
Week of April 28th, 2025, thru May 2nd, 2025
🗓️ JR28 Weekly Newsletter: April 28 – May 2
✨ Weekly Inspiration
"Success is not final, failure is not fatal: it is the courage to continue that counts." – Winston Churchill
📈 Market Recap
Earnings Spark a Rally
TSLA and GOOGL both reported earnings and delivered upside surprises:
TSLA finished the week up 18.06% 🚀
GOOGL finished up 7.14% 📈
SPX closed up 4.59% 📊
Both SPX and NDX ended the week just above the 50% retracement level between the recent highs and lows — an important pivot spot heading into May.
🔎 SPX Recap
Last week, we highlighted the 5491 level as critical.
SPX failed at 5491 multiple times, causing a dip back towards 5100 during the week.
However, strong buying pushed SPX to close at 5525, slightly above 5491.
Key Levels for This Week:
If 5491 fails to hold, expect a move back toward 5280. I would like to buy that dip at 5280 for a move back to 5491.
If 5491 acts as support, we could rally towards 5646 next.
📅 Economic Calendar: Key Events This Week
💼 Earnings to Watch
🚀 Trade Recap Last Week
SPY 514C APR 22: Alerted at 2.32 ➡️ Ran to 14+ 🤑 (+500%+)
SPY 560C MAY 16: Alerted at 3.32 ➡️ Ran to 7.5 📈 (+125%+)
TSLA 325C MAY 16: Alerted at 1.17 ➡️ Ran to 6.75 🚀 (+470%+)
SPY 520P MAY 1: Alerted at 2.22 ➡️ Ran to 4.7 🔻 (+110%+)
🔥 Upcoming: JR28 Copy Trading + Small Account Challenge
We’re getting ready to launch something powerful:
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💪 Small Account Challenge – $5K → ??
We’ll be running this with full transparency — showing how to manage risk, position size, scale in/out, and trade like a pro even with a small balance. Stay tuned for full details dropping this week inside the Discord and Substack.
🧠 Sentiment Check
CNN Fear & Greed Index:
3 weeks ago: 4/100 (Extreme Fear)
2 weeks ago: 13/100 (Extreme Fear)
1 week ago: 21/100 (Extreme Fear)
Now: 35/100 (Fear)
AAII Sentiment Survey:
Bearish sentiment has been the majority for 4 consecutive weeks.
Peak bearishness was reached on 4/2/2025.
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QQQ & IWM
Watching potential head & shoulders developing on QQQ. IWM basically flat for the past 3 years,
QQQ: I gave 408.71 as the long spot, we are now at 472 and close to forming the right shoulder. Urge caution if 450 gives up, raise the stops, they should be around 450 now.
IWM: I gave 173.39 as the long spot, we are now at 194 and close to overhead resistance of 198-200 zone. Raise stops to 190.
Trade Ideas: Stocks to Watch
Refer to last week ideas which are still in play:
Will share new ideas after the earnings for AAPL 0.00%↑ META 0.00%↑ AMZN 0.00%↑ are posted.
For real-time insights and deeper analysis, join our JR28 Discord community. Let’s navigate the markets together!
At JR28, we’re committed to helping you capitalize on realistic, achievable trades without gambling on high-risk plays.
As always, stay disciplined, and keep your eye on the bigger picture.
Best of luck this week, traders!
Happy trading!
Jovan & the JR28 Team