For traders in the options market, the ever-changing landscape of the stock market offers a multitude of opportunities. Among these opportunities, pullbacks in the market emerge as a valuable entry point for options trades. In this blog, we will explore why pullbacks can be advantageous for options traders, uncover strategies to capitalize on them, and … Read more
In the world of swing trading, earnings season offers a myriad of opportunities for astute traders. One strategy that stands out is the utilization of breakaway gaps to project bullish moves leading up to earnings announcements. These gaps, with their distinctive characteristics, serve as potent bullish signals for stocks. In this blog post, we will … Read more
Technical Analysis for Trading Traders need to have methods to identify entry and exit points on a chart to define where they have an edge. This is the basis of technical analysis. Technical analysis can come in many forms, including chart patterns, candlestick patterns, technical indicators, or custom analysis done on a chart. I like … Read more
Explosive Nasdaq Gains in 2023 As of this writing, the Nasdaq (NDX) is up 39% year to date. This move has occurred mainly on the backs of key mega-cap names, including Microsoft (MSFT), Tesla (TSLA), Apple Inc. (AAPL), Netflix (NFLX), Nvidia (NVDA), Advanced Micro Devices (AMD), and Meta (META). Check out the chart of the … Read more
Hello, Volatility? This week, we have multiple high-volatility scenarios happening. Specifically, the market is waiting on inflation data and then the most important part, the Fed’s reaction to it. CPI data was released this morning, PPI will be released tomorrow, and then the big one: the FOMC meeting on Wednesday. There is also a witching … Read more
Choppy Indexes As of this writing, the Nasdaq is up about 1% today. But it hasn’t made much progress over the last week and a half, as it’s primarily been stuck in a tight range. The Nasdaq has been trading between 14,250-14,700 and stuck within a 500-point zone. But, this is also after it made … Read more
All eyes have been on Apple, Microsoft, and Nvidia as they reached for new, all-time highs. Nvidia achieved the feat first, with an explosive post-earnings move into $419.38. Today, Apple traded as high as $184.95 before profit takers and sellers brought it down. The quick, intraday reversal left it closing the day down -$1.37, or … Read more
The Nasdaq: A Bullish Setup This week, the indexes finally saw a tiny bit of a pullback. Instead of that pullback being a driver for a more profound retreat in the indexes, it only appears to be another buying opportunity in the direction of the trend. That trend is up. The Nasdaq has mult-timeframe squeezes, … Read more
Momentum Momentum in the market is one of my favorite setups to trade, and that momentum can come through short squeezes. What is momentum? Momentum is typically a greater-than-expected move that occurs in an individual equity, index, or sector. The moves in individual equities, particularly in equities that can be more volatile, are generally bigger … Read more
Shares of Nvidia (NVDA) soared today after the company reported earnings that were well above estimates. Most impressive however, was the company’s estimates for next quarter’s revenues which was more than 50% above Wall Street estimates. NVDA cited surging demand for its chips that help with artificial intelligence applications and the stock is poised to … Read more