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Markets Breach Support
Most markets broke support levels that have held for months. I will look to short rallies until proven otherwise.
Walmart: Earnings In Focus
Walmart reports earnings on Thursday, August 17th before the bell. While I like the company and am bullish on the stock, Walmart has already had a nice higher run and is near targets. So, I am looking at making a neutral trade in the options market to bet on a trade within the expected move. For this earnings report, I will be specifically listening to how inflation has impacted sales, what areas of growth the company is focused on for the rest of the year, and how grocery sales are going.
NVDA’s Big Bounce Day
Pit Bull Low?
Marty Schwartz wrote about this years ago. The idea is that the equities trade soft the week prior to the monthly expiration. From near that low they firm into the OPEX which, of course, is this week. That said, was last week just that? A Pit Bull Low???
Cruel Summer
Major changes in the market this week. Let’s take a look at the big picture risks of what is widely believed to be bullish and the one Ace the bulls have to play soon.
Is It Time To Panic?
Oh, it’s never time to panic but it is time to be discerning about the trends and timeframes as well as realistic about the nature of August price action.
Caught In A Trap
Today We Identified And Traded A Bunch Of Bear Flags
If day trading, it takes a lot of patience to wait for bearish flags to develop. Today, that strategy worked great.
Same As It Ever Was
Largely the same message as last night. Same targets. Same line in the sand. Tonight I will switch gears a little bit and have a look at Crude Oil.
TSLA Moving Lower?
In this video I walk through TSLA on the Daily Chart and some signs we could see a move lower to fill a gap at 235 while walking through an options trade idea to consider.
