- Ace in the Hole
- Posts
- Ace in the Hole - Edition #63
Happy Monday Traders!
I hope everybody enjoyed time away from the charts over the weekend.
Buckle up because we have a massive week ahead of us.
The ticker that has arguably been leading and saving the entire market repeatedly is reporting earnings this week!
Let’s dive in!
Market Thoughts
Friday last week was a really nasty day in the market. I’m expecting a bounce this week, but only to go lower unless I see real strength from Friday’s low showing me different.
$SPY and $QQQ can go much lower if they want to. I don’t think the blood is over, but we’ll see how the week goes!
Overall, I am continuing to play the market as it comes. Not predicting or guessing, but simply reacting to what it’s telling me.
This has done me very well in the environment we’ve been in with the market.
Short-Term Setups This Week:
1. $NQ
$NQ Daily
I am just posting my thoughts on $NQ this morning.
Bearish down to 21,000 area unless we can run back through the giant imbalance we just made on the daily.
A backtest of the inversion we made before going lower would be ideal.
I would expect 21,400 lows to be the 1st big bounce spot.
Earnings Calendar
Economic Calendar:
These data points are known to bring volatility during the intraday:
Tuesday 10:00 EST, CB Consumer Confidence
Wednesday 10:00 EST, New Home Sales
Thursday 8:30 EST, Unemployment Claims
Friday 8:30 EST, PCE
Trending Sectors
Energy, Real Estate, and Healthcare were at the top of the list for trending sectors this past week.
Top trending tickers from last week:
$SMCI
$NVDA
$TSLA
$PLTR
$LUNR
$AMD
$META
$INTC
$GOOG
$CVNA
Have A Great Week!
As always, enjoy the week and trade safe everybody.
Let’s make some $$!
Discord:
Access to all of my trades as well as 10+ other analysts’ trades.
Weekly classes from my mentor.
EDU Channels/Access to EDU Content.
Easy access to talk with me.
