Trading Strategies: QQQ, .SPX, NVDA& TSLA
Hello everyone! Today i want to share some trading strategies with you!
1
$Tesla Motors(TSLA)$ Trade Idea: Nov 6 410C
Trigger: 400 ✅
Targets: 410, 414 🎯
Stop: 395 🛑
Closed at 399.81 on Friday.
TSLA can run to 453 by December if we see the market bottom with in the next 5-7 trading days.
It has shown relative strength with AI/Chip stocks selling off.
Calls can work above 400 this week.
The next big resistance is near 414.
2
$NVIDIA(NVDA)$ Trade Idea: Nov 13 210C
Trigger: 206 ✅
Target: 212 🎯
NVDA dropped from 243 to 200 since October 6th.
If NVDA can start to bottom above 200 it can push back to 212 in the next 2 weeks.
Calls can work above 206 this week.
NVDA under 200 can sell off to 188 again.
Chip stocks have been beat up the past month so let’s see if a relief rally comes soon.
3
$S&P 500(.SPX)$ Trade Ideas
Bullish: Nov 4 7670C
Trigger: 7620 ✅
Target: 7670 🎯
Stop: 7600 🛑
Bearish: Nov 4 7520P
Trigger: 7580 ✅
Target: 7520 🎯
Stop: 7600 🛑
SPX dropped from 7758 to 7527 last week.SPX had a sharp sell off after FOMC and almost retested the lows from Sept 16th. iF SPX can pop back above 7620 and hold this level we can see a push back to 7700.
SPX under 7500 we can see another flush towards 7400.
Mid term elections are coming up on Nov 3rd.
Let’s see how the market reacts to this next.
As long as 7500 holds we can see SPX start to carve out a bottom short term.
4
Trade Idea: Nov 5 700C
Trigger: 693 ✅
Target: 700 🎯
Stop: 690 🛑
QQQ has dropped 10.3% since October 6th.
QQQ backtested the 685 support on Friday and held.
If QQQ can hold 685 and reclaim 700 after the mid term elections a bottom should start to form soon.
A 10% drop in QQQ is a big one so unless we get more negative news, QQQ should have a relief rally the 2nd half of this week.
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