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- Ace in the Hole - Edition #59
Happy Monday Traders!
Welcome back to another week in the market and oh boy it’s going to be a wild one.
This is arguably the most important week of the entire quarter, so buckle in and let’s get going!
Market Thoughts
The $SPY hit new all time highs again on Friday, but coming into the week we are gapping down and looking like that was a potential sweep of liquidity.
Last year you saw me very bullish, this year I’m literally just playing whatever is in front of me. Up or down it doesn’t matter.
I think staying with this mindset is a good idea given our new president and the volatility it can bring into the market.
Short-Term Setups This Week:
I’m going to be completely honest I really don’t see any names with clarity to look for options trades on.
It doesn’t mean I won’t take any, but as of now I literally don’t see a single thing on my radar that is speaking to me.
Stay tuned into spaces or the livestream to hear of any plays I take throughout the week!
Earnings Calendar
Economic Calendar
These data points are known to bring volatility during the intraday:
Monday 10:00 EST, New Home Sales
Tuesday 10:00 EST, CB Consumer Confidence
Wednesday 2:00 EST, FOMC Rate Decision
Wednesday 2:30 EST, Jerome Powell FOMC Press Conference
Thursday 8:30 EST, GDP
Friday 8:30 EST, PCE
Trending Sectors
Technology, Industrials, and Healthcare were at the top of the list for trending sectors this past week.
Top trending tickers from last week:
$NVDA
$TSLA
$DJT
$ASTS
$AAPL
$ORCL
$GOOG
$RKLB
$AAL
$MSFT
Have A Great Week!
As always, enjoy the week and trade safe everybody.
Let’s make some $$!
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