If you liked the run up to earnings then today’s action is further confirmation that the pre-earnings position can be a precarious one. But what if you wanted to trade around the impact of one of the FANG stocks? Well, you focus on large caps, small caps, and crude oil.
It wasn’t just Amazon that crashed today, Netflix hasn’t had a fun afternoon either. Why does a futures trader need to be in the know? Watch tonight’s video. I also update the Dow long for alternative exits and how to calculate these for any trade.
Danielle discusses her take on NFLX earnings on Monday, as well as a swing options play she likes in TJX.
This week, the Nasdaq made new all-time highs again, backed by solid moves in MSFT, FB, ADBE, and GOOGL. The AMZN daily squeeze, coupled with the move higher in XLY, also gave us solid trades in AMZN, NFLX and HD. Looking forward, Danielle also discusses NFLX earnings, as well as setups in several retailers: BURL, LULU and ROST.
Here’s a simple technique I use along with Fibonacci levels enter the first hour of the day.
Getting long the Russell and NASDAQ during the opening range techniques that work again and again.
Today’s daily action rocked the house — what does it look like when we step back?