- Ace in the Hole
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- Ace in the Hole - Edition #81
Happy Monday Traders!
I hope you all had an amazing weekend! Last week was one for the books with the market soaring back to all time highs on both $SPY ( ▲ 0.61% ) and $QQQ ( ▲ 0.81% ) . Those dip buys from way back are looking good right about now.
This week should be interesting with the economic data we have and with trading at all time highs. I imagine things start to get slightly tougher with the volatility slowly being drained out. Regardless we take it day by day and find quality plays.
Market Thoughts
$NQ_F ( 0.0% ) Daily Chart
The market has been going straight up since we broke out of that consolidation. At some point, I want to see the market retest this daily FVG we made. We either bounce from that spot and setup to go back to all time highs or we run through it to the downside and setup for a higher time frame short.
Either way I’m ready for whatever the market wants to do, but I am expecting price action to be slower with lower volatility.
Economic Calendar
Trending Sectors
Communication Services, Consumer Discretionary, and Technology were at the top of the list for trending sectors this past week.
Top trending tickers from last week:
Have A Great Week!
As always, enjoy the week and trade safe everybody.
Let’s make some $$!
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