TRADE WATCH: A trade set-up is developing quickly & a trade may soon be made in the 5k-1M portfolio challenge
January QQQ $500 calls at $15 on watch; hedge to come later I wanted to give a heads up in […]
SPY & QQQ push Oversold on the Hourly setting up a strong rebound
SPY & QQQ have pushed oversold setting up a potential long trade heading into next week. The balance of evidence overwhelmingly points to a huge rebound next week.
SPY & QQQ push Oversold on the Hourly setting up a strong rebound Read Post »
Market Consolidation on its fourth day as volatility drops to its 5-month low
Broad market has spent all week consolidating after last week’s explosive rally. The near-term action largely points to another leg coming next week.
Market Consolidation on its fourth day as volatility drops to its 5-month low Read Post »
No impact from CPI as inflation came in-line; market Consolidation looks very healthy across the board; QQQ & Nvidia setting up nicely
CPI in-line with expectations. Market consolidation looks bullish across the board. The trading action at the moment favors a breakout in the SPY, QQQ and Nvidia.
Daily Briefing: NASDAQ-100 (QQQ) continues its consolidation While Nvidia retests its high on citi upgrade
As we mentioned over the weekend, the NASDAQ-100 and Nvidia were both extremely oversold and due to pause ahead of another leg up. We’re now in day 2 of that pause. Nvidia seeing some upside thanks in part to Citi upgraded price-target.
Daily Briefing: NASDAQ-100 (QQQ) & tech broadly pulling back slightly ahead of new all-time highs later this week
After last week’s explosive rally, the NASDAQ-100 and the mega-caps experience a pullback off of extremely overbought conditions as we indicated on Friday. But there are some surprises to start the sessions.
Daily Briefing: unusually Strong upside Momentum indicating more all-time highs ahead After a small pull-back early next week
Things are looking great from a forecasting and profit point of view. With the QQQ deeply overbought on the hourly RSI, we should see considerable upside ahead. Nvidia should break above our $150 price-target by next week.
Trade Watch: we’ll soon be selling Covered calls across all four samwise Portfolios
Outlining some basic covered call writing and put buy we plan to executing as a hedging strategy for the Samwise Portfolios.
Trade Watch: we’ll soon be selling Covered calls across all four samwise Portfolios Read Post »
Daily Briefing: NASDAQ-100 & Nvidia continue their breakout runs to the next trading range as the market awaits the fed
The market continues to surge higher on the back of election euphoria as both Nvidia and the QQQ continue to make fresh all time highs.
Daily Briefing: NASDAQ-100 (QQQ) & Nvidia (NVDA) test all-Time highs on decisive trump victory
With President Trump winning a decisive victory, the uncertainty of a potentially contested election is no longer at risk for the markets. Futures immediately surged and indices opened near their all-time highs.