Trading META & TSLA Short-Covering

The put/call ratio is extended, meaning the market is ripe for a short-covering rally at any time.

Identifying a short-covering rally is about identifying a recipe. The recipe itself may take a while to come into play, but when it takes off, you want to be ready.

Being ready means having a short list of tickers you want to jump on for the best opportunity.

I’m eyeing an opportunity in Meta Platforms (META) and Tesla (TSLA).

Learn more about why and how in the video below:

 

 

 

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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. … Read more

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A Trade Setup in TSLA

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 … Read more

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The Microsoft Effect

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:

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