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Hey Traders! On Monday, I sent you a video about my short-term setup in Tesla, along with my $250 price target. You can check it out in the Tweet below… Since then, the squeezes I noted fired to the long side, and Tesla traded directly to my Fibonacci price target at the 1.272% extension level. Check out a screenshot below: As you can see, since TSLA hit the Fibonacci extension level, it’s already come back down. This is why it’s … Read more
Good morning, traders! The Nasdaq futures are choppy at 16,000 after making quite the run. So, what’s next? Looking for the next round of setups, of course! When tickers and indexes get sticky, squeezes will start to consolidate. Those squeezes generally occur on the lower time frames first. When those squeezes fire, they can either be pullback squeezes or squeezes that take you to the next target zone. Determining which it may be depends on the pattern. Let’s take a … Read more
Hey traders! Microsoft made a new, all-time high yesterday and may very well take the Nasdaq along for the ride. What is next to come in Microsoft, the Nasdaq, and more? Check out my video update below:
Hey everyone! Last week, I had the pleasure of joining Todd Schoenberger on the Buy Hold Sell show. We discussed retail earnings and the week ahead, including tickers like Home Depot, Walmart, Macy’s, and Target. Learn more in the link below: Since then, we’ve had some interesting results. This earnings quarter reminds me of Q1 and Q2 in 2022, where many more moves are outsized than average. Typically, 69% of stocks will stay within their expected move, but I would not … Read more
Retail Earnings Week This week, we have a slew of companies reporting earnings, including: Home Depot (HD) Target (TGT) Advanced Auto Parts (AAP) TJMaxx (TJX) Walmart (WMT) Macy’s (M) Ross (ROST) Gap (GPS) BJ’s (BJ) Regarding retail, there is a big difference between the heroes and the zeroes. Many losers are already in downtrends, have struggled over earnings and post-earnings recently, and are unlikely to return to an uptrend merely based on a simple report. It’s these tickers that I … Read more
Hey traders! The Nasdaq is in the midst of a fantastic move off of the October lows. It’s broken through quite a bit of resistance, which means the likelihood of the move continuing is better than not. What is great about this move is that as the market has exploded higher the put/call ratio only initially dipped a bit, but then reversed and continued higher! This means that traders are shorting into the rally, which, of course, can propel it … Read more
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