My Biggest Trade Ever Closed Today In The Trading Room — And It Wasn’t TSLA.
What a crazy trade and a long 3-week hold — let’s take a look.
What a crazy trade and a long 3-week hold — let’s take a look.
We had a great day of daytrades focused on the NQ, YM, and RTY, as well as QQQ and DIA options. I walk through the nuances that will allow you to handle tricky mornings like today.
The Nasdaq, along with several key tech names including AMZN, entered the Hot Zone and began taking off. Let’s look at this breakout along with some key parameters for how I’m going to trade it.
In this video I examine the trend, VWAP, volume levels to watch, as well as the seasonality in crude oil.
We are now within a 21 day timeframe prior to many major tech earnings reports, and that time frame typically comes with big moves in the Nasdaq. Just on time, the Nasdaq broke out and closed above the 50 SMA in what I’m viewing as the beginning of a rally in the Nasdaq. I also like the semis, which are strong here. Let’s look at MSFT, SNAP, ETSY, LRCX, and more.
There is two step resistance on the TSLA Daily chart. I also have a setup on the 30 minute chart. Always remember to watch for triggers.