Market Rollover: Top Tickers to Watch

September Seasonality

The indexes have been weak, with the Nasdaq rolling over again on Tuesday. Google (GOOGL), Microsoft (MSFT), Meta (META), Broadcom (AVGO), Apple (AAPL), Netflix (NFLX), and more all closed the day in the red, with Amazon (AMZN) leading the way down a stark -4%.  News hit that the FTC is suing Amazon for supposed anti-competitive practices, which didn’t help matters. The put/call ratio was also above 1.0 on an intraday time frame, yet again.

An October Shift?

But after September comes October, with the bearish price action plus the high put/call ratio, the market is a ripe environment for a short squeeze. I’ve been eyeing some buys on some top tickers, but with the downside price action, nothing has triggered quite yet. Earnings season is coming soon, and pre-earnings momentum starts right around now. We’ll be in the midst of the October earnings season before we know it!

Click on the link above to learn more about sharpening your trading edge!

Critical Support Zones and What to Do Next

So, where do we go from here? It all depends on if the critical support zones, the indexes, and mega-cap names break or not. I’m still holding out for a buy going into earnings, but that’ll change if these zones can’t hold. If they can’t hold, we could be looking at a big down draft in the indexes, as there isn’t much support left below.

I cover all this and more below:

P.S. You may have heard I learned to trade online. It seems crazy, but it’s true. Now, I’ve created everything I wish I would have had when I started out, and I’m going to debut it on Thursday at 7pm. Click on the link to sign up, and join me for free!


Up Next...

NVDA: The Gift that Keeps on Giving

Nvidia shares have experienced a meteoric rise, so all eyes were on its earnings report last week. Investors were not disappointed, as NVDA reported explosive growth plus a highly anticipated stock split. Why Stock Splits are Exciting NVDA’s reported 10:1 split will take place on June 10th, less than two weeks away! This event is … Read more

Read More

SPX 0 DTE: Part II

Hey traders! I posted a video on a neutral SPX 0 DTE strategy on Monday, and I had many questions, so I decided to do a follow-up video with a second example. In this video, I cover several questions, including the width of my iron condors, the length of time, the risk-to-reward, and more. Check … Read more

Read More

Trade Review: Using a Neutral 0 DTE SPX Strategy

  In today’s Trade Review episode, I cover a quick SPX 0 DTE trade from last Friday at market close. In this video review, I cover: Why I decided to make a bet that the market would trade sideways into the close How I analyzed the options chain and technical chart patterns Why I decided … Read more

Read More

Subscribe Today!

Want my up-to-date analysis, setups, top trading tips, and more? Be a Five Star trader, and join my free newsletter today!

Sign Up Now