The Higher They Rise, The More Earnings Can Take Them Down
With so many NQ stocks already surging pre-earnings, it doesn’t take much disappointment to knock them down.
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With so many NQ stocks already surging pre-earnings, it doesn’t take much disappointment to knock them down.
SMCI reported earnings and this trade plan covers what to expect tomorrow morning.
If you’ve been following my videos here on YouTube you’re already aware of the setups in NFLX and ULTA. If not, let’s spend a minute recapping them and looking for another spot where we may find some opportunity.
Stocks are moving higher, but next week is a high impact week with lots of event risk. Let’s look at all the good and a bit of the bad.
This week AAPL paused its advance just shy of all-time highs at a Voodoo snowline. Eventually getting through this level will be important if the tech titan is going to continue to carry indices higher. Let’s look at levels which can help us map out what it’s trying to do.
“Buy This, Not That.” As I continue to focus on the outperformance of Trade This, Not That, dovish pivots are no time to be bearish. Leading sectors outperforming are semi, tech, communication, and financials. In this update, I share the swings of the week.
There are two kinds of squeezes you want to be aware of. When they show up together, beautiful things can happen, like what we’re seeing today with ULTA.
When markets go up almost parabolic, I look for stocks in a group already reversing to short others in the group. It worked great today in NVDA.
The daily squeeze in $SPX has fired long, and price hit our upside target today. Is there more gas in the tank for the bulls? Let’s discuss.
SPX saw a bit of a downdraft on Wednesday, still closing positive however, and these are two things I’ll be watching on Thursday to see which team wants to take the lead.