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Amazon showed strong, relative strength today as it closed the day up 8.07%. Additionally, it has a 15 minute squeeze, along with higher upside price targets as it continues to recover from the tariff lows. Check out the butterfly Danielle constructed to continue trading this move to the upside.
Sam reviews the core markets and the periphery to see how things are aligned into next week.
These are still two of the most important charts in the market, and given the moves we had this week, they are worth updating.
Bruce discusses the highly anticipated FOMC meeting today and the wild swings we had as a result of that, and FED Boss Powell’s comment in the conference call. Powell seemed hesitant to commit to rate cuts, as there is too much uncertainty around tariff negotiations and the economy as a whole.
There are multi-time frame squeezes along with triple squeezes in the Nasdaq, semiconductor ETF (SMH), and Nvidia (NVDA). For this reason, Danielle is eyeing a Run into Earnings trade in NVDA, and she is trading it with a bullish butterfly. Let’s check out the charts.
Sam reviews the core markets and the periphery to see how things are aligned into next week.
With 30 minutes to go, many individual stock puts started going up. It was a great tell the markets would have a sell-off into the close.
Fibonacci analysts already have this level on their charts, and you need to have them on yours. A key line in the sand was tested today and this price will be important as we get into summer trading.
Here’s a recap of some of the open trades Taylor is working in the room, along with a few setups he’s eyeing for entries later in the week.
Following other bear market rallies, markets are rallying and stalling right at big resistance.
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