Q's looking weak going into this week and max pain presenting itself. Ideally would like to create a higher low on the macro level to find a generational buy and bounce back to last weeks highs. Traders gonna trade and levels are in the video! Good Luck!
VIX looking to pop again during the week. Possible to see a relief at the end of the week after running hot all week. Most likely a higher VIX will bring about weaknesses in equities. The Fed is in a tough spot.
ES_F making a case for 4380 and 4320 this upcoming week. Watch our video for levels!
Unfortunately, COVID darling ZM ZOOM looks to be headed to the 107 area and possible 100 over the next few weeks. A relief bounce could temporarily get it to the $170 range, but ultimately will fail. I'm a buyer for swing shorts on any green day.
SE choppy as funds get back into this name for the long haul. Levels in video!
TSLA we see is consolidating nicely in this chop and have the levels I'm watching in the video!
QQQ is looking like a nice range is developing with pretty clear levels. These levels will help you if you choose to use them. We know we will!
VIX is looking like a defined range on the daily and with a little patience, you too can trade the inverse of the levels in the video. We go over what those levels are, and what we are looking for at those levels.
Defined range between 4450 - 4537 until proven otherwise. Try to stay away from buying 4480-4484 as that will be tough to find the direction. STAY VIGILANT TAKE PROFITS!
As we spoke about last week, ES_F between 4273 and 4330 is our defined range until it isn't. There will be noise in-between, but until we get a daily close below or above those two areas it should be a very healthy area to long/short and make a lot of money with an elevated VIX. We think we go revisit last weeks lows early in the week, only to bounce again. Once...
AFRM is another name that is in a basing faze as it tries to find its footing in this new world of interest rate hikes and yields rising. Not a huge fan of their fundamentals, but may take a stab around the $50 mark if we get around that area for a swing back to $71. Possible it gets to $90 by august, $110 tops.
NVDA finally starting to hit some demand around $208. I am a buyer from $200-$220 for commons and any retest of that area I will look for a bounce long. Will need to get a feel that day about where we are at, but should be good for swings once we get one more touch this week down. Under $200 market is dropping to $4000 SPX.
RBLX has been hit very hard now down $79 from ATH. As growth has sold off in light of yields/rates rising, it seems to be bottoming out as as a sector. As of close Friday, RBLX is being held down by its IPO lows of $60.46. A retake of those lows indicates a reversal and I will add to my RBLX swings for February and March OPEX. $60.46, $64.07 and $70 above. A...
Nice double bottom formed on Friday, but am looking to get another stab at this at $780-800 early next week. I think the trade is buying at $785 area. Options too expensive for me M-W so will see where its at Thursday/Friday. I will take a trade like that if I really like where the growth is going. The $850c against $785 would be my area of interst. Over $875 we...
DP talks about what he sees going into Earnings from #NVDA #NVIDIA after a 100+ point drop over the last few months.
TSLA is basing between 800 - 1000 and is looking good for a play to the upside in the coming weeks. Buying between 800-850 is ideal for both shares and options (with time into OPEX) it is starting to look like from our perpsective. Looking for another test of 800 next week where it may be a good idea to long at this juncture.
Looking at 4273 to get tested again on ES_F next week and break to create a macro higher low from the 4200 print earlier this week. Looking at 4220-4250 as a dip buy. Expect February/early March to be a run-up into another swaying normal Spring downtrend. AT members were printing this week!
Would love an opportunity to short TSLA around the 1000 mark this week, but most likely will wait until 2:58pm central time to buy puts for earnings. NFLX set the tone as this is a fade earnings season, and I'm willing to follow that especially with growth stocks.