TRADE PLAN for Thursday 📈 $S&P 500(.SPX)$ tried to breakout above 7500 again today but failed. SPX Needs a daily candle close above 7500 to set up for 7600+ after FOMC next week. SPX July 23 7520C is best above 7500 $SanDisk Corp.(SNDK)$ winding up for a move back to 1800. For tomorrow wait for SNDK to back test 1600 then look at calls for a push back up to 1670-1700 SNDK July 24 1800C is best above 1600 $NVIDIA(NVDA)$ reclaimed the key support level at 212 today. NVDA to 220 in play as long as 212 holds over the next 2 days. NVDA July 31st 220C can work above 215 Good luck tmrw everyone!! 🫡
$Micron Technology(MU)$ lost $350B in market cap in a week, then made half of it back in two days $Micron Technology(MU)$ is right outside of 1000, up almost 200 pts after a violent backtest of 800. Through 1000 and $Micron Technology(MU)$ can quickly retest ATHs, through ATHs and it'll gravitate towards 1500. 845 and 800 absolutely need to hold, otherwise $Micron Technology(MU)$ can see a flush towards 650 Key Catalysts Memory price shock: Morgan Stanley now sees Q3 memory prices rising 25% from Q2 on AI-driven shortages, the single biggest driver of the recent ral
$S&P 500(.SPX)$ closed +65 on the day and reclaimed 7500. If SPX can defend this level after $Alphabet(GOOGL)$ and $Tesla Motors(TSLA)$ earnings tmrw we can see all time highs again by next week. SPX July 22 7530C can work above 7500 $Micron Technology(MU)$ is winding up for a run to 1100+ if it can get back through 1000. MU should be bottomed now as long as 900 holds over the next 2 weeks. MU July 24 1050C can work above 980 $SanDisk Corp.(SNDK)$ to 1800 in play if it holds a higher low above 158
TRADE PLAN for Tuesday 📈 $S&P 500(.SPX)$ gapped up and tried to reclaim 7500 but failed again. The price action is still a bit bearish here after a 70+ pt reversal from the highs. If SPX gives up 7430 it can drop to 7400 next. SPX July 22 7400P is best under 7430 $Invesco QQQ(QQQ)$ 2 days in a row it tried to reclaim 700 and also failed. If QQQ breaks under 693 it can test 686 again. QQQ under 686 can drop another 20+ points. QQQ July 22 690P is best under 693 $Micron Technology(MU)$ stopped right at 900 this morning. Let's see if it can form a base above 821 leading into August. If MU fails at 821 we can see anoth
$ARM Holdings(ARM)$ is broken and the AI CPU trade is over At least that’s what the market is pricing after a 46% crash in three weeks. There’s just one problem: the chip everyone is selling hasn’t shipped a single unit yet. 453 to 243 in four weeks. Downgrades, valuation calls, ETF outflows, every bear argument hit at once. But look where the selling stopped: $ARM Holdings(ARM)$ is backtesting its breakout zone just above 189, the level that capped this stock for two years before the breakout. Price has held it so far. Growth Catalyst The core business is compounding while the new one loads. $ARM Holdings(ARM)$ closed
$SanDisk Corp.(SNDK)$ Trade Idea: July 24 1200P Trigger: 1350 ✅ Targets: 1250, 1200 🎯 Stop: 1400 🛑 SNDK has pulled back from 2354 to 1325 since June 22nd. If SNDK fails to hold 1277 it can flush down to 1065, 1000 in the next few weeks. If SNDK can reclaim 1500 I would start looking at calls again for a bounce to 1600, 1660. Puts can work under 1350 this upcoming week. $Micron Technology(MU)$ Trade Idea: July 24 700P Trigger: 821 ✅ Targets: 734, 700 🎯 Stop: 851 🛑 MU dropped from 1255 to 804 since June 25th. If MU gives up 821 this upcoming week it can pull back to 778, 734, 700 next. It's possible we see a flush back to 651 before a bottom forms. The price action is still not
$S&P 500(.SPX)$ SPX bullish plan: SPX above 7500 | SPX July 22 7550C 📈 T: 7546, 7576 SL 7468 SPX bearish plan: SPX under 7438 | SPX July 22 7400P 📉 T: 7400, 7382 SL 7468 SPX dropped 140 points from Thursday into Friday last week. If SPX fails to reclaim 7500 by Wednesday we can see another pull back to 7400, 7360 next. Puts can work under 7438 or 7400 this upcoming week. I'd wait for 7500 to start looking at calls.
$S&P 500(.SPX)$ is still trading in a range from 7500 to 7600 the past 4 trading days. Watch to see if SPX can breakout above 7600 in the next 2 days. SPX July 17 7620C is best near 7600 $Meta Platforms, Inc.(META)$ +20 on the day today. META to 700 inbound if it holds above 675 over the next 2 days META July 17 690C is best above 680 $Invesco QQQ(QQQ)$ dropped to 710 and closed at 717, if QQQ can get back to 722 we'll see a move to 726,731 again. As long as QQQ can hold 712 it still looks bullish this week. Chip stocks and Memory stocks had a weaker day today. We saw a bit of rotation into the Mag 7. Let's see i
$7,000,000,000,000. No company has ever touched it. $NVIDIA(NVDA)$ is one candle away $NVIDIA(NVDA)$ is nearing the end of its 3 month range between 200 and 236, and is finally poised to break that key 212 level to retest ATHs at 236. Through 236 we gravitate towards key psychological levels: 250 and 300, putting $NVIDIA(NVDA)$ above $7.2T MCAP Tech Earnings 🤖 The rest of the month is full of earnings reports from the biggest players in the AI trade. $ASML Holding NV(ASML)$ and $Taiwan Semiconductor Manuf
$S&P 500(.SPX)$ held the gap today and closed near 7550. PPI numbers coming premarket tmrw, if there's a positive reaction SPX can set up for 7600+. SPX July 15 7580C can work above 7560 $NVIDIA(NVDA)$ winding up for a move to 221 if it can breakout above 212 this week. NVDA July 24 215C is best above 212 $Micron Technology(MU)$ all about that 1k level this week, needs to get through to run another 80-100 points. Wait for MU to close above 1000 on a daily candle first. $Invesco QQQ(QQQ)$ rejected at 722 multiple times today, needs through 722 to run to 726,