Trend or Not Trend in Tech
Today we’re going to dive into the tech sector, including the NQ futures, to look at whether tech has broken out.
Today we’re going to dive into the tech sector, including the NQ futures, to look at whether tech has broken out.
But there is plenty of evidence that shows that it’s only a break, and that grains, silver, crude, and US dollar are still in play for our trades.
The markets have been whippy, but in great news, we are entering the Run into Earnings. I have several hot picks that are backed by stats in the Hot Zone. Let’s look at MSFT, SNAP, JPM, NFLX, TXN, and more.
Netflix entered the Hot Zone, which means it’s in range to setup pre-earnings momentum trades. Let’s talk about the levels I’d use, along with a butterfly that I’d use to trade it.
There is a Royal setup in CPRI that has triggered on a 5 minute chart.
The first Quad Witch of 2021 has come and gone and the markets are largely choppy and sloppy into next week. Let’s take a look at W as one of the better setups going into Monday’s trade.
Classic Quad Witch week paired with Fed speeches led to a lot of slop and chop. Going into next week the indices and sectors largely remain well structured for upside, but we’re seeing some signals slip from overtly bullish to neutral. March historically has a bearish seasonality to close the month. Let’s review the core parts of the market before next week’s trade.