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The Main Event
Tomorrow we get the NFP report and with it the number that matters this week. Let’s talk through what I plan to try and do with it.
Discount Buy On MSFT?
In this video I walk through MSFT on the Daily and Weekly Chart and discuss several different trade ideas to consider taking for a potential bullish move higher as well as a line in the sand to cut the trade if it reverses.
Raising The Bar
Since our last update things have changed quite a bit as a result of the last news event. With that we will need to also raise our line in the sand as well as next targets.
Big 3 Squeezes In $NVDA + $GOOGL
The bulls have made progress over the last few days, but they aren’t out of the woods just yet. Should they continue to stabilize the charts, here’s two squeezes that are poised for moves higher.
“Stewie” Patterns Worked Great Today
When I highlight inverse H&S, I think they look like “Stewie: from family guy. Many of these patterns worked great today.
Tech Review Take Two
In last night’s video we covered two of my favorite tech stocks and a few reasons why I thought they’d be something to buy. GOOGL and NVDA were up 2% and 4% today, so it would seem like these are ideas worth revisiting and names we can continue to look for bullish entries.
Today Trading
Daytrading the psychology of each session has been the best way to deal with volatility, as we saw how the JOLTS data release triggered a rally in equities because “bad” news is still good news for the markets.
Eyeing A Short Covering Rally
Short covering rallies appear when the put/call is high, as it is right now. The put/call ratio is hovering right around 1.0, and today, we saw the market trading higher at the end of the day. We also had signs of incoming volume and a decent, short-term uptrend. This is what to watch for in the case we get a gap up, and short-covering rally.
Slow Start
Off to a slow start for the week in today’s session. There is a fair amount of information immediately ahead so I’ll share my plan with you for that.
Talking Tech
