The U.S. economy has been presenting mixed signals, with varying data including divergent job reports. Federal Reserve Chair Jerome Powell emphasized the overall strength of the labor market, citing low hiring rates and initial jobless claims, and noted the return to pre-pandemic normalcy with wage growth stabilizing. Despite robust hiring, Powell stated that strong job growth alone would not deter interest rate cuts, as inflationary pressures are not being driven by wage increases. However, recent inflation data for the early months of the year has been higher than expected, though Powell suggests seasonal effects may be a factor and maintains that the trajectory is towards the Fed's 2% target, albeit with potential fluctuations.

1. AMD (Advanced Micro Devices) 

AMD has experienced a loss of momentum in the past two weeks, influenced by CEO Lisa Su's stock selling and the buzz around competitor Nvidia's GTC 2024 conference. The stock touched the support line and closed with a hammer candlestick at $179. On the daily chart, AMD is currently in an upward trend tunnel, and the recent candlestick has crossed both the 50-day SMA. If shares bounce back from the key support level, it could present a good entry point for mid to long-term investors. However, a break below this level could signal a short-term trend reversal.

Technical Indicators:

• MACD: Bearish crossover, indicating the strength of the downward trend.

• RSI: At 28, suggesting the stock is oversold and a trend reversal may be imminent.

2. Disney (DIS)



Shares of Disney have experienced an upward trend following the company's announcement of a significant increase in capital returns for FY 2024, alongside a substantial reduction in losses within its direct-to-consumer (DTC) business. Disney's CEO, Bob Iger, has announced a 50% increase in the company's dividend and a $3.0B stock buyback plan, supported by aggressive cost-saving strategies that aim to deliver $7.5B in annualized savings.  Looking at the weekly chart, shares have touched the previous resistance level of 118-119. Breakout of this key level might help DIS stock make a comeback in 2024. 

Technical Indicators:

• MACD: Bullish crossover, indicating the strength of the upward trend.

• RSI: At 83, indicating the stock is overbought and may see a pullback before climbing further.

3. Coinbase (COIN)



Coinbase stock has formed a flag breakout on the daily chart, benefiting from a bounce in Bitcoin prices. As a dominant player in the Bitcoin ETF market, Coinbase holds a 90% market share in ETF asset custody, with potential for substantial revenue growth from custody fees and trading volumes. Despite facing legal challenges from the SEC, the outlook for Coinbase remains positive.

Technical Indicators:

• MACD: Approaching a bullish crossover, indicating the potential for an upward trend.

• RSI: At 66, suggesting the stock has room for gains before reaching the overbought threshold of 70.

Conclusion: As the market continues to navigate through economic uncertainties and corporate developments, AMD, Disney, and Coinbase stand out as stocks to watch. Investors should keep a close eye on technical indicators and market news to make informed decisions in the ever-evolving financial landscape.