Is SPCE Going for Another Ride?
Momentum stocks pulled back today, and as such I have my eye on this one, as I think that it may pick back up again. SPCE reports earnings in August, and its trend has recently improved. Here are my trade parameters.
Momentum stocks pulled back today, and as such I have my eye on this one, as I think that it may pick back up again. SPCE reports earnings in August, and its trend has recently improved. Here are my trade parameters.
Today, the market started out strong, but warning signals quickly flashed as key stocks topped out and money was pulled very quickly out of the Covid darlings. One day doesn’t make a trend, but here’s what to look for tomorrow to know if this slide is continuing or not.
Tesla shorts were on fire today, and as traders who are trading the long side, we had quite a day. John made his third million dollar trade. But, is the move over? I don’t think so. This baby has more room to run. Let’s look at how to trade it next week.
While FAANG stocks, particularly TSLA, NFLX, and AMZN, continue to explode, I still think there is more room to run. Let’s look at current setups, along with trades in AAPL, MSFT, TSLA, and more as they rally into earnings. Right now, it’s all about the run into earnings for me — and trading it with care, but continuing to follow the trend.
In this video I walk through the logic behind looking long only: the NQ long this morning, and the XLY and XLC trades and how they are like trading a piece of the NASDAQ.
In this video I walk through how to get the most of your futures membership by understanding how to find the style and strategies that are best for you.