Huge gains this week and our options have another week before expiration!
MRVL and SHOP are the big winners. The short in OXY also paid nicely.
If you are still in the TTD short that too is continuing to pay.
Technology and Semiconductor stocks are what I am watching and trading. They are the leaders of these markets and will determine direction.
I’ve touched on the strength of the chip names and NVDA has continued to power to new highs. Absolutely great to see!
You can look to QQQ for signals of strength and it won’t take long to find a few. After the incredible two month rally it made sense for selling to take place.
Now we see a bounce that is looking like it wants to continue to higher highs.
The 20-day moving average is holding up and the long lower wick Thursday was a bullish sign. Also notice RSI remains elevated.
I’m looking for more upside and have updated trading levels for SHOP after it powered through the first three. I hope you took profits!
Today’s audio is a recap of all of the recent trade ideas and a few insights on what to expect next.
I hope you close the week with piles of cash.
-Nate
This service is for general informational and educational purposes only and is not intended to constitute legal, tax, accounting or investment advice. These are opinions and observations only. I am not a financial advisor.
Winning Trades! MRVL +96%, SHOP +88%