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The Nasdaq Squeeze Is About As Bullish As It Gets
The S&P 500 gapped to new all-time highs and held it all day, but from the open to the close it moved only 10 points. I call these professional days, and I explain what they mean for where we go next. Then I step back to the bigger charts on the Nasdaq, Micron, Tesla, Meta and Microsoft.
Squeezes Are Firing Everywhere In The Nasdaq
Nasdaq futures hit new all-time highs today after multiple squeezes fired, and the semis are leading the way. I walk through NVDA, TSM, AMD, ARM and MRVL, plus where I took profits today. I also cover two high short float names reporting soon from my free earnings calendar.
NVDA Has The Best Squeeze On The Board
QQQ has the setup for a breakout, and if this market is going higher, all roads lead through NVDA. Its squeeze is an absolute monster. Before any of it pays, the bond market and the dollar have to cooperate, so I walk through the HYG and dollar levels I’m watching, my three pivots on SPY, NQ and ES, and the trades I’m in, including MSFT and ANET.
The Next 9 Months Could Be The Strongest Of The Whole Cycle
We just entered the strongest stretch of the 4-year presidential cycle, and today’s S&P dip got bought right back up. I break down the new October monthly Quant Pivots, why Micron’s great earnings were already baked in, and how Accenture lifted the whole software group. Jobs report hits tomorrow morning before the bell.
SpaceX Launch Week: The Squeeze Points To $180
SPCX has spent a month digesting $150, and the squeeze is sitting in its ideal formation with the 21 EMA starting to turn up. SpaceX has a crewed Falcon 9 mission and a Falcon Heavy launch scheduled this week, so I explain why I’d trade this with options instead of shares.
The S&P Cannot Break 7,800 And That Is The Warning
In this video, I show you where I actually want to buy the S&P and the tight stop that comes with it. I also review how the XOM trade from last week’s video paid, then lay out the MRVL broken wing butterfly I am eyeing for the October monthly.
NVDA Got $150 Billion And I’m Still Not Buying Here
The Nasdaq closed down about 1% today and the 10-year making another new high is the reason. Underneath it, the squeezes are still building and energy looks ready for another leg higher. I walk through why I am still holding my Nvidia shares into the $150 billion buyback, and why I want a pullback before I do anything in the options market.
Microsoft Has The Best Score And It ‘s Not Even Close
I closed out the week with a look at the one thing on my board that has both a high score and squeezes behind it, and it is the Mag 7 index. I see a path to a blow off top in tech in October, but it runs straight through the bond market cooling off. The best read by a wide margin is Microsoft, and I give you the exact trade my sheet is suggesting.
Fakeout Breakout
Snowflake (SNOW) is setting up with multiple squeezes across key timeframes, and it is one I am watching closely for a potential move higher.
Take The Win Here Before This Range Bites
We have been stuck in the same range since August, and today we moved less than 26 points. Squeezes are stacking across the board, but the weekly Bollinger Bands are flat and momentum is showing exhaustion, so I am taking the Fed runup profits and waiting for either the break or a pullback. I also walk through an XOM scalp off the $163.54 Divergent Bar target.
