Hello everyone! Today i want to share some trading ideas with you! TRADE PLAN for Wednesday 📈 Another consolidation day today as expected before PCE data premarket tmrw + NVDA earnings after hours. SPX needs 7700 and $Invesco QQQ(QQQ)$ above 715 to trigger more bullish movement. Wait for these levels to align. If SPX fails to hold 7600 and QQQ breaks 700 after Jackson Hole we can see the market make a deeper correction. $Robinhood(HOOD)$ closed up 8% today, it's been basing for almost a year. If it holds 100 into September we can see a push to 120-125 next. Calls can work above 110 this week. $Micron Technology(MU)$ an
Hello everyone! Today i want to share some trading strategies with you! TRADE PLAN for Tuesday 📈 $S&P 500(.SPX)$ 7 days of consolidation since touching the ATH at 7816. Let's see if SPX tests the 7620 level before a bottom forms. I don't see any real signs of strength in SPX or $Invesco QQQ(QQQ)$ yet. QQQ can fill the gap near 701 next. If we see a quick flush to 693 this week, this should mark a short term bottom. BE patient and wait until after Core PCE/NVDA earnings before taking any bigger trades this week. $SanDisk Corp.(SNDK)$ dropped 200 points from last night's highs at the open on Sunday. SNDK held at 14
Hello everyone! Today i want to share some option strategies with you! 1 $S&P 500(.SPX)$ TRADE PLAN 📈 📉 SPX bullish plan: SPX above 7700 | SPX Aug 25 7750C 📈 T: 7759, 7800 SL 7661 SPX bearish plan: SPX under 7620 | SPX Aug 25 7550P 📉 T: 7578, 7550 SL 7661 SPX dropped 150 points from last week's highs. SPX almost dropped to the previous all-time high near 7620 this past week. If SPX can start to carve out some higher lows above 7660 this week and reclaim 7700 we can see a push back to 7800 again. Fed Chair Warsh is speaking at Jackson Hole on Friday. This can be the big catalyst for the week. 2 $Strategy(MSTR)$ Trade Idea: Aug 28 125C Trigger: 120 ✅ Targets: 127, 137 🎯 S
TRADE PLAN for LOTTO Friday 📈 Next is OPEX. Expect to see more volatility. SPX failed at the 7700 level and dropped 50+ points today. SPX can test the previous ATH at 7620 next. If this levels fails another 70 pt drop possible. QQQ needs to get back above 715 to test 722 next. $Micron Technology(MU)$ lots of relative strength today. MU to 1000 in play tomorrow if memory stocks can rally. MU Aug 21 990C can work above 970 $Marvell Technology(MRVL)$ winding up for a move to 300 next. IF MRVL can get through 250, I'd consider the Aug 21 255C. QQQ 700-707 is the buy range for a swing long to 726-728 again. IF you see a dip here I'd start loading up calls as well. SPX near 7620 is
TRADE PLAN for Thursday 📈 $S&P 500(.SPX)$ another consolidation day today near 7700. SPX needs to get back above 7745 to start looking at calls. if SPX starts to fail, we can see 7620 again. $Invesco QQQ(QQQ)$ is stuck under 722, once it reclaims this level it can pop back up to 726-730. If 712 fails it can drop to 707. $Bitcoin(BTC.USD.CC)$ finally starting to show some signs of life after ten months of consolidation. IF BTC can reclaim 72k it can move to 80k again. $Strategy(MSTR)$ to 115-120 if BTC runs to 72k this month. Chip and memory stocks a
TRADE PLAN for Wednesday 📈 $S&P 500(.SPX)$ previous ATH at 7620 in play before a bottom forms. SPX gave up the 7700 support today after holding it for 9 days. Chip and memory stocks lead the move lower today as well. $Invesco QQQ(QQQ)$ possible it fills the gap near 707 before a bottom forms too. IF it can't reclaim 722 tomorrow, we can see more downside as well. Let the market drop for now. $Micron Technology(MU)$ needs a push back above 1000 to set up for 1250. We saw MU move from low 700's to 1035 in 3 weeks. Let's see if it can find a base above 900 this month.
Everyone begged for a $Bitcoin(BTC.USD.CC)$ dip. It's here, 50% off, and nobody's buying. $Bitcoin(BTC.USD.CC)$ is back above 64k, up from the 58k low it tagged in June. It's sitting almost 50% under the October ATH near 126k; the exact discount everyone said they wanted. If bulls can push it back above 74k it'll signal a more risk-on environment for crypto and broader markets as a whole. If it stays under 74k crypto will continue to consolidate. If $Bitcoin(BTC.USD.CC)$ fades under 60k and trends towards 50k, it could trigger another larger selloff within crypto. Key Catalysts ETF flow reversal: S
$Lumentum(LITE)$ is caught right in the middle of the new Cold War, and strategic rare earths are the ammo $Lumentum(LITE)$ CEO Michael Hurlston just said that there's still a 30% gap between EML supply and demand, but China decides whether or not it closes. Despite this shortage, $Lumentum(LITE)$ finally broke out of a months long downtrend, bouncing off of hard support near 600. Through 1000 and bulls will push it straight into 1140, and a $100B MCAP. If Pax Silica can't secure a viable alternative to Chinese strategic rare earths, $Lumentum(LITE)$ can fad
TRADE PLAN for Tuesday 📈 $S&P 500(.SPX)$ just finished up day 9 of consolidation above 7700. SPX needs to get through that 7800 level with conviction to see a push to 7900 then 8000. Let's see if any positive news comes this week. $Invesco QQQ(QQQ)$ all about 737.. Through this level it runs to the ATH at 748. $Micron Technology(MU)$ touched 1036 and dropped to 1011 by the close. As long as 1000 holds.. We'll see 1250+ again by September. $SanDisk Corp.(SNDK)$ wants to run to 2000 as well. Both of these names are winding up for a melt up.
Hello everyone! Today i want to share some trading ideas with you! 1 $S&P 500(.SPX)$ TRADE PLAN 📈 📉 SPX bullish plan: SPX above 7800 | SPX Aug 19 7850C 📈 T: 7850, 7870 SL 7770 SPX bearish plan: SPX under 7700 | SPX Aug 19 7620P 📉 T: 7620, 7600 SL 7730 SPX ran to 7817 this past week but failed to close above the 7800 resistance. SPX finished up its 8th day of consolidation since FOMC. SPX needs to get through 7800 to set up for a move to 8000 this year. Calls can work above 7800 this upcoming week. If SPX gives up 7700 it can drop to 7620 again. Puts can work under 7700 this month. 2 $SanDisk Corp.(SNDK)$ Trade Idea: Aug 21 1800C Trigger: 1600 ✅ Targets: 1750, 1800 🎯 Sto