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Post NVDA Plan
NVDA reporting after the bell today. Expected move is about $43 and the stock is trading afterhours ahead by about $35. With that the Nasdaq enjoyed the spoils today ahead by 2.35% or 350 points. Tonight I’ll share with you my plan for tomorrow’s levels and trade plan after the NVDA news settles in.
Bear Flags Keep Working
With many indexes under their 50 SMA’s, bearish patterns are much more likely to work. Many bear flags today worked great.
Looking For Buys With Powell
Obviously, this is not August 2022, but it seems that many traders are fearing the kind of reaction seen after Jackson Hole last year. Here’s why I am bullish going into Jackson Hole with the data and trends to support it, including why falling yields are not the catalyst for falling indices.
A Bullish Trading Setup in Adobe (ADBE)
I like Adobe for a buy because it has a bullish trend, a daily squeeze, and an upcoming earnings report. This trading setup could be traded with long calls, put credit spreads, or a bullish butterfly.
Reviewing The Initial Balance
We use a concept and indicator in the Futures trade room that I would like to review in tonight’s update. Today is an opportunity to highlight its effectiveness.
Bullish Breaks Of Symmetry
How’s It Going To End? II
A follow up to the video I sent out two weeks ago. Put the pieces together yourself and let us know what you see.
Don’t Panic, Do This Instead
In August, we expect chop. There are ways to trade chop if you prioritize these two things I explain in this update.
AAPL Can’t Fight Gravity
