Sunday Stock Talk

In this video Umar Ashraf breaks down some day trading setups, news and plays for the upcoming week!

Here's my game plan for tomorrow:

1. The markets ignored all the political drama last week as they're expecting a bigger stimulus checks after the democrats took control of both chambers of the US Congress
2. Joe Biden said that he will propose an economic package that includes unemployment benefits and stimulus checks. The package is supposedly going to push Trillions into the economy
3. Entering earning season — Starting off with banks this week
4. Wall Street will be focusing on banks earnings, primarily the loan-loss provision, which will indicate whether the lender is coming back to normal after the pandemic-driven hit on earnings
5. Wall Street will also be focusing on airlines to see progress of recovery

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Open Position Updates

1. CLOV
2. NIO
3. SKLZ
4. WMT

Names on Watch for this week

1. MARA | RIOT
2. NIO
3. TSLA
4. MU
5. NVDA
6. ASAN
7. BIDU
8. PDD

✅Umar's Instagram: http://instagram.com/umarashraf
✅Umar's Trading Instagram: https://www.instagram.com/umarashraftrades
✅Umar's Twitter: https://twitter.com/umarashraf28?lang=en
✅ Stock Market Lab Instagram: https://www.instagram.com/stockmarketlab

**DISCLAIMER** I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and my personal experience. You should always understand that with investing there is always risk. You should always do your own research before making any investment.