Market Overview

Friday’s session saw strong early momentum, only to roll over and end the day in the red. This constant reversal could signal distribution as we approach an election year, possible inflation concerns, and rising interest rates. Though the market is facing some pressure, we’re still within breakout territory on the major indices. It’s essential to stay cautious, but the potential remains for strong earnings plays and selective breakouts.

Top Stock Setups to Watch

1. Tesla (TSLA): Tesla remains a high-potential play, especially with its recent gap-up on earnings. We’re watching for a possible “shakeout day” where Tesla sees a brief dip, giving us a prime entry point around the $270 mark.
2. Reddit (RDTT): This IPO breakout stock is flagging nicely, and with its 9 EMA as support, it’s got both swing and day-trade potential. Aim for dips to avoid the intraday wicks for a cleaner entry.
3. Taiwan Semiconductor (TSM): With its recent earnings beat, TSM shows one of the cleanest semiconductor setups. Keep an eye on the $205 level for a potential breakout to $215.
4. Wulf (WuLF): This crypto  play is approaching a major level around $6.75. A dip to the 9 EMA could give us a strong setup for a breakout.

Tips for the Week

• Focus on stocks with recent earnings, as they often show the best momentum.
• In a mixed market, be cautious with breakouts. Look for dips and shakeouts as possible entry points rather than chasing strength.

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Here is tomorrows watchlist!

The post Stock Market Breakdown: Earnings Plays, Failed Breakouts & Tesla Analysis for Next Week appeared first on Bulls on Wall Street.

Follow me on X/Twitter for real time trading setups @szaman and on StockTwits @szaman.

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Check out our watch list and game plan:

If you want to learn how to trade these set ups in real time, and learn from veteran traders with over 20 years of trading experience, make sure to apply for our next LIVE trading boot camp!

Click here to apply for our next trading boot camp!

The post Trading Watch List 10.28.2024 appeared first on Bulls on Wall Street.

Market Overview

Today, the market opened strong on the back of Tesla’s news but quickly faded. Interest rates have been rising, creating an overhang, but there are still great setups forming in individual stocks. It’s all about picking the right names and trading the best themes.

Key Stock Setups

1. Tesla (TSLA): Tesla is sitting around a key level of $265, which is the magnet for the stock’s current multi-year range. Look for breakout or pullback opportunities around this level.
2. Pure Cycle Technologies (PCT): PCT had a massive breakout today on 14 million shares in volume. Watch for a weak open tomorrow to take advantage of a potential continuation play.
3. ADT Inc. (ADT): ADT had a big earnings beat with 30 million shares traded today. It’s forming a flag pattern, and a weak open tomorrow could lead to a red-to-green move.
4. EVGO: If Tesla continues higher, EVGO might get picked up as a sympathy play. Keep an eye on its developing flag pattern.

How to Approach These Setups

In this selective market, it’s crucial to focus on the best setups with strong sector momentum. Earnings plays, flag patterns, and large-cap names with key levels are the areas I’m focusing on right now.

Don’t forget to check out @szamans blog he has fantastic insight into the markets

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The post Trading Tesla’s Key Levels, Flag Patterns & Earnings Plays in Today’s Market appeared first on Bulls on Wall Street.

1. What is the setup?

A trade without a defined setup is just a gamble. Are you trading a breakout, pullback, or trend reversal? For example, a breakout trade works when the stock clears a resistance level with strong volume. Knowing the setup ensures you’re not trading out of impulse.

2. Are the setup’s parameters met?

Each setup has rules. For a bull flag setup, the pullback must remain tight, with low volume during the consolidation and high volume on the breakout. Skipping these parameters can lead to false breakouts and losses.

3. Is your reward-to-risk ratio at least 2:1?

Your goal should always be to make more than you risk. For example, if you risk $2 per share, your target should be $4 or more. A reward-to-risk ratio of 2:1 ensures that even if half of your trades fail, you’ll stay profitable.

4. Is your stop price placed logically?

A proper stop price is set where the trade idea is invalidated. If you buy at $50, a logical stop might be at $48, just below support. Avoid setting arbitrary stops, and make sure your stop accounts for volatility to avoid getting stopped out prematurely.

5. Does your target account for the stock’s volatility?

Volatile stocks like Tesla or small-cap runners require wider targets, while blue chips may need tighter targets. Make sure your target aligns with the stock’s typical range to avoid unrealistic expectations.

6. Is there resistance on the way to your target?

Be mindful of key levels. If your target is $110 but strong resistance sits at $105, plan accordingly. Either adjust your target or prepare to scale out part of your position at $105 to lock in gains.

7. Are you trading based on emotion (FOMO or revenge)?

Emotional trades are often the most expensive. Ask yourself—are you entering because you missed the last move, or are you trying to make up for a recent loss? FOMO and revenge trades rarely end well. Step back, reset, and trade with a clear mind.

8. How is the stock’s sector and industry performing?

Sector trends matter. For instance, if you’re trading a tech stock, knowing how XLK (tech ETF) is performing can help confirm or reject your setup. Sector strength boosts the odds of your trade working, while weakness may indicate trouble ahead.

9. What’s the current market trend?

Is the overall market in an uptrend or downtrend? It’s easier to go long when the market is bullish and short when it’s bearish. Always keep an eye on major indices like SPY, QQQ, and DIA to ensure your trade aligns with the trend.

10. Do you have a worst-case scenario plan?

What happens if the trade goes south immediately? Have a pre-defined stop-loss in place or a plan to exit quickly. If you prepare for the worst, you’ll avoid panic and keep your emotions in check.

11. Is your portfolio overleveraged in this type of stock?

Too much exposure to one sector or stock type can amplify your losses. If your portfolio is heavily invested in tech stocks, for example, consider balancing your exposure to reduce risk.

12. Are you overleveraged in this particular setup?

Even if you’re confident, risking too much on a single trade can wipe out your account. Stick to consistent position sizing to ensure one bad trade doesn’t ruin your performance.

13. What’s the stock’s short interest?

High short interest can signal potential for a short squeeze—but it also reflects bearish sentiment. Be prepared for increased volatility if the stock is heavily shorted.

14. What is the stock’s float size?

A low float stock can move sharply on small volume, making it risky for some traders. On the other hand, high float stocks tend to trade more predictably. Understand the float to align with your strategy.

15. Are insiders buying or selling the stock?

Insider buying often signals confidence in the company’s future, while insider selling can raise red flags. Use insider activity as a secondary confirmation for your trade.

16. Are institutions buying or selling the stock?

Institutional buying or selling moves markets. If major funds are accumulating shares, it’s a bullish signal. Heavy selling by institutions may suggest underlying weakness.

17. Is the stock overbought, oversold, or neutral?

Use technical indicators like RSI to gauge momentum. An overbought stock may be due for a pullback, while an oversold stock might be primed for a bounce. Timing your trade with these signals can increase your odds of success.

18. Would you recommend this trade to a family member?

This question helps remove bias. If you wouldn’t recommend the trade to someone you care about, why take it yourself? This is a quick way to spot emotional or poorly thought-out trades.

19. Does the stock have a catalyst?

Catalysts—like earnings, FDA approvals, or product launches—can drive big moves. A strong catalyst can improve the chances of follow-through on your trade idea.

20. Are there any upcoming news events for the stock?

Unexpected news can derail even the best setups. Check for upcoming earnings announcements, Fed meetings, or major industry events that could impact the stock before placing your trade.

Final Thoughts

Trading isn’t just about finding the right setups—it’s about preparation and discipline. Use this checklist before every trade to ensure you’re making informed, logical decisions. If you can’t confidently answer these questions, it’s a sign you’re not ready. Trading with a plan reduces risk, increases consistency, and builds long-term success.

Stick to your strategy, manage your risk, and trade smart.

Trade well,

Key Takeaways:

• Every trade should follow a structured plan.
• Emotions like FOMO and revenge have no place in trading.
• Align your trades with market, sector, and stock trends.
• Proper risk management ensures long-term profitability.

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The post The Ultimate Pre-Trade Checklist: 20 Questions to Ask Before You Hit ‘Buy’ or ‘Sell’ appeared first on Bulls on Wall Street.

Follow me on X/Twitter for real time trading setups @szaman and on StockTwits @szaman.

Watch us trade these stocks LIVE, in real-time.

Click here to get started!

Check out our watch list and game plan:

If you want to learn how to trade these set ups in real time, and learn from veteran traders with over 20 years of trading experience, make sure to apply for our next LIVE trading boot camp!

Click here to apply for our next trading boot camp!

The post Trading Watch List 10.25.2024 appeared first on Bulls on Wall Street.

Market Overview

The indexes had a bit of a gap-up today but faded towards the end of the session. Even though we saw a bit of a reversal, strong stocks continue to show great setups. This is still a selective market, so make sure you’re focusing on the best stocks with the strongest themes, like nuclear energy, crypto, and tech.

Key Stock Setups

1. NCL (Norwegian Cruise Line): NCL had a strong breakout recently and is now flagging out around the 9 EMA. First pullbacks after a major breakout tend to be the most effective entries, so keep an eye on this one. We got a nice flag pattern on this!
2. Pure Cycle Technologies (PCYO): This isn’t your typical spin class stock! PCYO is breaking out, and I’ve got an alert set at around $11.80 for a potential strong move. Watch for continuation in this pollution control stock.
3. TSM (Taiwan Semiconductor): TSM reported solid earnings and gapped up to $212. If we get any weakness tomorrow, I’ll be looking for a test of the 9 EMA as an ideal entry point.
4. Nvidia (NVDA): After its big push, NVDA had a rest day today, which is a bullish sign after such a strong move. It’s still on my watchlist for potential continuation tomorrow.
5. Coinbase (COIN): Crypto looks ready to break out, and Coinbase is the leader of the sector. I’m waiting for a weak open and a retest of the 20-day moving average for an entry.

How to Trade These Setups

Whether you’re trading flag patterns, earnings pullbacks, or crypto names, it’s important to stay focused on the best themes in this market. Be selective and wait for the right entries!

Check out our 60-Day Bootcamp if you want to dive deeper into strategies like these! Join here.

The post How to Trade Flag Patterns, Earnings Pullbacks, and Crypto Stocks in Today’s Market appeared first on Bulls on Wall Street.

Follow me on X/Twitter for real time trading setups @szaman and on StockTwits @szaman.

Watch us trade these stocks LIVE, in real-time.

Click here to get started!

Check out our watch list and game plan:

If you want to learn how to trade these set ups in real time, and learn from veteran traders with over 20 years of trading experience, make sure to apply for our next LIVE trading boot camp!

Click here to apply for our next trading boot camp!

The post Trading Watch List 10.23.2024 appeared first on Bulls on Wall Street.

Follow me on X/Twitter for real time trading setups @szaman and on StockTwits @szaman.

Watch us trade these stocks LIVE, in real-time.

Click here to get started!

Check out our watch list and game plan:

If you want to learn how to trade these set ups in real time, and learn from veteran traders with over 20 years of trading experience, make sure to apply for our next LIVE trading boot camp!

Click here to apply for our next trading boot camp!

The post Trading Watch List 10.21.2024 appeared first on Bulls on Wall Street.

Market Overview

Today, the market opened strong with a gap-up but quickly faded by the end of the session. While that could have been discouraging, we still see great setups developing. The SPY and IWM are holding key support levels, which means that on an intermediate and long-term basis, the market still looks strong.

Top Stock Setups

1. TSM: Taiwan Semiconductor had a strong breakout today but gave back gains by the close. Even so, the stock remains in play for day trades after its earnings report.
2. Snow (SNOW): After a strong 20% rally, SNOW is pulling back into the bone zone, creating a nice setup for a potential bounce. This is definitely one to keep on your watchlist.
3. Palo Alto Networks (PANW): High tight flag pattern developing here. Watch for a breakout above $380 for a potential explosive move.
4. Bumble (BMBL): Still looking for a sign of life, but it’s on my watchlist. We need to see some options activity or volume before this can really move.

How to Trade Gap-Ups and Fades

Gap-up and fade days can be tricky, but don’t let them throw you off. We’re still in an uptrend and individual stock setups are ripe for trading. Make sure you stay flexible and ready to take advantage of weak opens and strong closes. We have some key stock setups for tomorrow and the coming week. Lets do this.

Tomorrow is Friday trade safe. Friday is usually the day where weird things happen! protect your capital.

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The post Key Stock Setups After Gap-Up & Fade: How to Play the Goldilocks Zone appeared first on Bulls on Wall Street.

Follow me on X/Twitter for real time trading setups @szaman and on StockTwits @szaman.

Watch us trade these stocks LIVE, in real-time.

Click here to get started!

Check out our watch list and game plan:

If you want to learn how to trade these set ups in real time, and learn from veteran traders with over 20 years of trading experience, make sure to apply for our next LIVE trading boot camp!

Click here to apply for our next trading boot camp!

The post Trading Watch List 10.17.2024 appeared first on Bulls on Wall Street.