The Fed is set to announce its next rate cut decision, and traders everywhere are eager to see how the market will react. Whether it’s 25 or 50 basis points, the impact on the stock market could be significant. In this blog post, we explore what traders should watch for, key levels on major indices, and the best stocks to keep on your radar.

Understanding the Fed’s Impact on the Market

A rate cut usually signals that the Fed is trying to stimulate the economy, but the market’s reaction can vary widely. Sometimes, the announcement can trigger a rally, while other times, it can lead to a sell-off, especially if comments from Fed Chair Jerome Powell signal economic concerns.

Key Levels to Watch

• QQQ: Look out for support and resistance zones around 470 and 468. These levels could determine if the breakout continues or if the market will pull back.
• SPY: A crucial level is the 228 area; a break above could mean further gains, but resistance is strong here.
• IWM: The small-cap index has been on a 6-day run, but resistance looms near 225-228.

Top Stocks to Watch

• Upstart (UPST): Just had a secondary offering but the market absorbed it well. Watch for a breakout above 40.
• SMTC: A key player on the verge of breaking out from a solid base.
• Meta (META): Setting up for a potential breakout to all-time highs.
• Tesla (TSLA): Mixed signals but worth watching if it can break key levels.

Conclusion

The Fed’s decision will have a significant impact on the market, but traders should be prepared for anything. Keep an eye on key levels and be ready for the shakeouts that typically occur on Fed days. Trading isn’t about predicting the market; it’s about reacting strategically.

We have our 60 day trading bootcamp starting up in 10 days reserve your spot now!!

The post Fed Rate Cuts Explained: How to Navigate Market Volatility and Trade Smarter appeared first on Bulls on Wall Street.

Market Overview:

The market has seen a stunning reversal, with major indices like the SPY and QQQ recovering sharply after recent dips. After breaking below the 50-day moving average, the market quickly bounced back, turning what looked like a breakdown into a powerful breakout. Market breadth has been strong, with more stocks breaking out than breaking down, signaling a broad-based rally.

Top Stocks to Watch:

1. Tesla (TSLA): Tesla is leading the big caps with a strong breakout from a key level. Watch for continued strength, especially if it builds a base in the pre-market.
2. AI (C3.ai): This stock has been on our radar for weeks, and it’s showing a classic rounding bottom. It’s got swing and day trade potential, especially if it moves towards $20.
3. Dell (DELL): Dell has been trailing, but a breakout over the 50-day moving average could see this stock run towards $120.
4. Cava (CAVA): We’ve been watching this IPO play, and it’s finally breaking out of its trend line. A move past $126 could take this stock to new highs.
5. Gold Stocks (CDE, BTG): With gold making a strong move, gold stocks are starting to catch up. Watch for continued momentum as these stocks break out of long-term ranges.

Game Plan:

• Stay Nimble: With the market moving fast, be ready for both long and short opportunities. A weak open could be a buy-the-dip scenario, but be cautious of gap-ups that might lead to choppy trading.
• Focus on Key Setups: Look for stocks breaking out of tight patterns or consolidating near key levels. These setups provide the best risk-reward.
• Watch Market Breadth: Strong market breadth suggests that this rally has legs, but always be prepared for a pullback after such a sharp move.

Conclusion:

The market is heating up, and there are plenty of opportunities across various sectors. Stick to the plan, watch key levels, and be ready to act when the market shows its hand. For those looking to refine their trading skills, don’t miss our Trading Bootcamp for exclusive deals on our training programs.

Watch the full video here for an in-depth analysis and the complete watchlist for tomorrow.

The post Market Analysis and Top Stocks to Watch: From Breakdown to Breakout appeared first on Bulls on Wall Street.

NVIDIA and the DOJ Investigation

The DOJ’s investigation into NVIDIA caught many by surprise, causing a rapid sell-off that spread throughout the market. While these types of probes are not uncommon for large companies, they often trigger knee-jerk reactions, leading to significant volatility. Long-term, this may turn out to be a “nothing burger,” but in the short term, traders need to be prepared for increased market turbulence.

Market Impact and Key Levels

• The SOXX Index dropped 8%, marking its worst decline since the pandemic-induced crash of 2020.
• Key tech stocks like NVIDIA, AMD, and Qualcomm saw significant selling pressure, with many breaking below critical support levels.
• The QQQ dropped twice its average true range (ATR), highlighting the severity of today’s selling pressure.

What to Watch For Tomorrow

To determine if today’s action was a one-off event or the start of a larger trend, keep an eye on how key stocks and indices react around their critical levels. A relief bounce back into previous ranges could indicate that the market is shrugging off today’s news, but further downside would suggest deeper issues.

Game Plan for Traders

• Focus on Key Levels: Watch for a remount back into previous support levels. If these levels hold, today could be a fugazi event.
• Be Ready to Short: If major stocks like NVIDIA fail to bounce, look for opportunities to short as they test new lows.
• Watch for Relief Rallies: Relief bounces can provide quick trading opportunities but be cautious of potential fake outs.

Conclusion

The market’s rapid shift from breakout to breakdown has put traders on high alert. Stay nimble, focus on key technical levels, and be ready to adapt as more information about the NVIDIA investigation unfolds. For those looking to refine their trading skills and strategies, don’t miss our Labor Day Sale for exclusive deals on our training programs.

If you ever want to schedule a call for our 60 DAy Trading Bootcamp come check us out  Live 60-Day Bootcamp | Bulls on Wall Street

Watch the full video here for an in-depth breakdown of today’s market action and the game plan for tomorrow.

The post NVIDIA DOJ Investigation Shakes the Market: Key Levels to Watch and Trading Strategies appeared first on Bulls on Wall Street.

Market Overview: Ups and Downs

The Nasdaq had a volatile day, with a significant end-of-day sell-off that caught many traders off guard. Despite the dip in large-cap tech stocks, there was plenty of action in other areas, particularly among small-cap and mid-cap names.

While the broader market remains in a consolidation phase, today’s moves highlight the importance of looking beyond the usual suspects and exploring stocks that are flying under the radar.

Key Stocks to Watch

Here are some of the standout stocks from today’s market action and why they’re worth keeping an eye on:

• Affirm (AFRM): After a strong breakout, Affirm showed incredible strength today, pulling back to the 9 EMA before ripping higher. This is the kind of momentum play that traders love, offering clear entry points and strong potential upside.
• Maxwell (MXWL): This stock had a 15% run today with orderly price action. Despite some headwinds from the broader market, Maxwell is showing potential to fill its gap, making it one to watch on a weak open tomorrow.
• ALB: A former IPO darling, ALB had its biggest volume day since its early trading days. Sitting right at the 50-day moving average with a bottoming pattern, this stock could be setting up for a significant move.
• PayPal (PYPL): PayPal has been testing key levels with solid liquidity and plenty of options activity. It’s due for a breakout, and tomorrow could be the day it makes a big move.
• DocuSign (DOCU): This stock is forming a long base, and a breakout could lead to a strong measured move. It’s a great setup for both day traders and swing traders looking for a high-probability play.

Strategies for Trading in This Market

With the current market dynamics, it’s essential to remain adaptable. Here are some strategies to consider:

• Focus on High-Momentum Names: Look for stocks that are showing strong moves and clear patterns, like Affirm and Maxwell. These stocks often provide the best opportunities for quick gains.
• Be Cautious on Fridays: Recent Fridays have been challenging, with choppy and unpredictable action. Don’t be afraid to take it slow and observe the first hour of trading before committing to any positions.
• Watch the Small Caps: Many of today’s best movers were outside the mega-cap space. By focusing on smaller names with strong volume, you can find opportunities that others might miss.

Conclusion

Today’s market was a reminder that there’s always action somewhere—you just need to know where to look. By focusing on the right stocks and staying adaptable, you can navigate the ups and downs and find profitable opportunities.

For more insights and in-depth trading strategies, consider joining our 60 Day Trading Bootcamp. This comprehensive program offers training and mentorship to help you take your trading to the next level.

Watch the full video here to see the full breakdown of today’s market action and get ready for tomorrow’s trading session.

big labor day sale! get it while its hot my friends!

https://bullsonwallstreet.news/LaborDaySale2024

The post The Trading Digest 8/30/2024 appeared first on Bulls on Wall Street.

In this post, we’ll explore why this consolidation is important, which stocks you should be watching, and how to position yourself to take advantage of the opportunities in this environment.

Understanding the Market’s Consolidation

After a strong 10%+ move, it’s not uncommon for the market to enter a phase of consolidation. Rather than seeing a sharp pullback, we’re witnessing a sideways movement within a narrow range. This indicates that the market is digesting its recent gains and preparing for its next move. As frustrating as this may be for some traders, it’s a necessary part of the market cycle that ultimately leads to stronger moves down the line.

Stocks to Watch During the Chop

Even though large caps have been quiet, there are still plenty of opportunities in the market, particularly among mid-cap stocks and specific sector plays. Here are a few stocks that are showing strong potential:

• Tem: This stock has been a standout performer with a 14% average true range (ATR). The recent pullback to the 9 EMA suggests it’s ready for another push higher.
• RCL: Royal Caribbean is flirting with all-time highs, and the current setup looks promising for a breakout. Keep an eye on this one for a red-to-green move that could push it into the 170s.
• Costco: After a big move today, Costco remains a strong candidate for further gains. The breakout above all-time highs could lead to more upside, especially with options trading showing significant liquidity.
• Adobe: With earnings in two weeks, Adobe is setting up for a potential breakout at the 573 level. The stock has a low ATR, making options an attractive way to play this setup.

How to Trade in a Consolidating Market

When the market is in a consolidation phase, it’s important to adjust your trading strategy. Here are a few tips:

• Focus on Individual Setups: With the broader market moving sideways, look for strong individual setups in stocks that are bucking the trend. This might mean focusing on mid-cap stocks or those with strong sector momentum.
• Be Quick to Take Profits: In a choppy market, moves can be short-lived. Be prepared to take profits quickly and don’t be afraid to trade in and out of positions more frequently.
• Use Tight Stops: The market can be unpredictable during consolidation, so keep your stops tight to protect against any sudden reversals.

Conclusion

The current market chop is a sign of a healthy consolidation after a strong run. By focusing on the right stocks and adjusting your trading strategy to the environment, you can continue to find profitable opportunities.

For those looking to refine their day trading strategies and gain more control over their trades, consider joining our 60 Day Trading Bootcamp. This comprehensive course offers in-depth training on trading setups, risk management, and market psychology.

Watch the full video here to get all the insights and strategies you need to navigate the current market environment.

The post The Trading Digest 8/28/2024 appeared first on Bulls on Wall Street.

Understanding the Importance of the CPI Report

The Consumer Price Index (CPI) measures the average change over time in the prices paid by consumers for a basket of goods and services. It’s a key indicator of inflation, and central banks, investors, and traders alike monitor it closely. A higher-than-expected CPI reading can signal rising inflation, which may lead to increased interest rates, while a lower reading could suggest that inflation is under control.

Possible Market Reactions

The stock market’s reaction to the CPI report can vary depending on how the actual data compares to expectations. In this video, we discuss different scenarios:

• Higher-than-expected CPI: This could trigger concerns about rising inflation, potentially leading to a sell-off in equities, particularly in sectors sensitive to interest rate hikes. You can track market expectations and reactions on Bloomberg.
• Lower-than-expected CPI: A lower reading might ease inflation fears, possibly providing a boost to the stock market, especially in growth sectors like technology.

Strategies for Traders

Preparing for the market’s reaction to the CPI report involves careful planning and risk management. We offer strategies for navigating this potentially volatile period, including:

• Staying Informed: Keeping an eye on pre-market trends and economic commentary to gauge sentiment. Websites like Reuters provide up-to-the-minute news and analysis.

Conclusion

The CPI report is a crucial piece of economic data that can have a significant impact on the stock market. By understanding its implications and preparing your trading strategy in advance, you can better navigate the market’s reaction and capitalize on opportunities.

For those looking to enhance their trading skills, consider joining our 60 Day Trading Bootcamp. This comprehensive course offers in-depth training and mentorship to help you succeed in the markets.

Watch the full video here to get our insights on the upcoming CPI report and how to position yourself for success in the stock market with my thoughts on the market indices and my day trading watchlist

We also have our virtual summit coming https://bullsonwallstreet.news/virtual-summit

check out this 2 day bonanza of goodness!!

The post Big CPI report tomorrow! How will the stock market react? The Trading Digest 8/13/2024 appeared first on Bulls on Wall Street.

In today’s episode of The Trading Digest, I tackle the big question that’s been buzzing through the trading community—has the stock market crash finally come to an end? With all the volatility we’ve seen lately, it’s crucial to understand whether the worst is behind us or if there’s more turbulence ahead.

I’ll take you through a detailed analysis of the current market conditions, breaking down the factors that have led us to this point. From economic indicators to investor sentiment, I cover the key elements that could signal whether we’re on the path to recovery or still in dangerous waters.

Navigating a market crash is no easy feat, but understanding the signs of a potential recovery is where traders can find real opportunities. In this video, I share my take on the current market landscape and provide actionable insights on how you can position yourself moving forward.

Whether you’re a day trader looking to capitalize on short-term swings or a long-term investor wondering if it’s time to start buying the dip, this video offers valuable perspectives that can help you make informed decisions.

Key Takeaways

As I dissect the latest market movements, I’ll also discuss the importance of staying flexible in your trading strategy. The markets are always changing, and being able to adapt to new information is key to long-term success. I’ll show you how to read the signs and adjust your approach accordingly.

And of course, I’ll be sharing my own thoughts on what’s next for the markets. Are we looking at a genuine recovery, or is this just a temporary bounce? My analysis aims to provide clarity amidst the chaos.

Get Ready to Trade Smart

I

The post Is the Stock Market Crash Over? The Trading Digest 8/12 appeared first on Bulls on Wall Street.

The stock market has been on a wild ride lately, with dramatic swings becoming the new normal. For traders, this volatility presents both challenges and opportunities. In our latest video, “Market Volatility and Earnings Plays: Navigating the Current Trading Landscape,” we dive deep into the current market conditions and offer valuable insights for traders of all levels.

If you’ve been feeling overwhelmed by the recent market action, you’re not alone. From sudden gap-ups followed by late-day fades to earnings reports causing unexpected moves, it’s been a tricky environment to navigate. That’s why we’ve put together this comprehensive analysis to help you make sense of it all.

Traders! our 60 day bootcamp starts up this Thursday! Old students you can retake class as many times as you want the links are in SKOOL Bulls on Wall Street Bootcamp (skool.com)

If you want to setup a call to learn more about class setup a free consultation call we can go over your goals Live 60-Day Bootcamp | Bulls on Wall Street

In this video, we break down:

1. The recent market behavior and what it means for your trading strategy
2. Key stocks to watch, including tech giants and earnings movers
3. How to approach earnings plays in this volatile market
4. Strategies for trading gap-ups and gap-downs
5. Technical analysis of important support and resistance levels

Whether you’re a day trader looking for quick moves or a swing trader trying to catch larger trends, this video has something for you. We discuss both long and short opportunities, emphasizing the importance of patience and waiting for clear setups.

One of the key takeaways from our analysis is the need for adaptability. In this market, conditions can change in an instant, and being prepared to pivot your strategy is crucial. We’ll show you how to stay nimble and adjust your approach as the market evolves.

But it’s not all about defense. We also highlight potential opportunities, including IPO stocks that might be flying under the radar and earnings plays that could offer significant moves.

Remember, knowledge is power in trading. By understanding the current market dynamics and having a solid game plan, you’ll be better equipped to navigate these choppy waters.

The post SMCI & Big Tech Meltdown! 2024 Stock Market Crash Update 8/7/2024 appeared first on Bulls on Wall Street.

Hey folks, we need to talk about what’s going on in the markets right now.

If you’ve been keeping an eye on your stocks lately, you’ve probably noticed things are pretty wild. We’re dealing with something called the Yen Carry Trade crash of 2024, and it’s making waves all over the place.

Now, I’m not one for fancy pantsy ligo , so let me break it down simply: a bunch of big players in the market got caught off guard when Japan changed its interest rates. This led to a domino effect that’s hitting tech stocks hard and causing a lot of uncertainty.

I’ve been through a few of these market shake-ups before, and I know they can be scary. But I also know that understanding what’s happening can help you make better decisions with your money.

That’s why I want to share this video with you. It explains what’s going on without all the Wall Street lingo. We’ll look at why stocks are dropping, which ones are getting hit the hardest, and what we might expect in the coming days.

Whether you’re actively trading or just worried about your 401(k), this video has some good insights. It might help you sleep a little better at night knowing what’s really going on.

Once you’ve watched it, let me know what you think. We’re all in this together, and sometimes just talking it out can help make sense of these crazy market times.

The post Stock Market Crash Update!! The Trading Digest appeared first on Bulls on Wall Street.

Not much on the economic front tomorrow. After Wednesday it will pick up there

Tuesday:
o US Existing Home Sales, Richmond Fed Mfg
Index
o 2-Yr Note Auction
o EZ Consumer Confidence

Guys we have a virtual trading summit coming up! This will be jam packed with information with no fluff. We are going to be going over not just Day Trading Strategies but also options, futures, and swing trading. We have performance coaches coming on board to go over the mental side of trading it will be jam packed!

https://bullsonwallstreet.news/virtual-summit

The post The Trading Digest: Daily Stock Ideas 7/23/2024 appeared first on Bulls on Wall Street.