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Everything Happened… and Nothing Changed
This week’s price action in the S&Ps reminds me of a line from one of my favorite TV shows — We took the scenic route, but we ended up in the same spot. In other words, SPX made some big moves higher to start the week, and some even bigger moves lower. However, when all was said and done, it closed the week right back where it opened. In this video I’m going to walk you through how we took advantage of those moves in the Small Lot Trading room, how I plan to do it again next week, as well as some other tickers that are holding up pretty well and ignoring the overall market volatility.
How I’m Trading the Volatility (Day Trading Futures)
As tech weakens and volatility increases, the easier plate of opportunity can be found through day trading. Let’s review today’s action, the current Scorecard rankings, along with a futures trade on the /NQ squeeze from this morning.
A Critical Warning
I’m usually the last to panic and there will still be some good discounts at some point, but for the next 6 weeks you have to keep this caution signal in mind.
Trading the Big Intraday Moves in SPX and NDX
It’s easy to get caught up in support and resistance levels — except on days where the markets could care less about said support or resistance levels. Rather than catching a falling knife, make sure you are watching this.
Earnings Ideas in Amazon (AMZN) & Roblox (RBLX)
Danielle is bullish on Amazon going into earnings, but bearish on Roblox. Let her show you patterns, along with ideas for options trades over the reports.
Downside Coming? How I’m Hedging SPX Right Now
In this video, Bruce discusses this week’s market action with a lot of big name earnings reporting. We also had a FED meeting as well and the market continues to look weak. We have more earnings next week, so Bruce does expect more volatility and likely to the downside. That being said, he has an idea for a short-term hedge or a way to get a lot of bang for the buck out of the SPX.
My Favorite Earnings Strategy
There are so many ways to play earnings, but not all of them are going to have the probability of profit of this spread. Let’s look at a few we did today and how it might apply to APPL tomorrow.
Earnings Play on META
In this video, Allison walks through META for a possible earnings play to take through the announcement.
CIFR Rally Into Earnings
This ticker gapped up 23% after earnings last quarter, and has a pre-earnings 21 day average of 10%. It was down today, but it’s still in a squeeze above support on the daily chart. Danielle likes this ticker for a potential pre-earnings rally.
The Pause Before The Pause
With the next FOMC rate announcement scheduled for Wednesday, we may not see much movement in the markets going into that date — even though there is a 97% chance of a pause. However, we also have a lot of tech earnings this coming week, many on Wednesday after the bell. Both of those events together could be the catalyst for the next move.
