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.

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.

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!

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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.

Market Overview

Although the broader indices like the SPY and QQQs have been in a bit of a chop, individual stocks are lighting up. The market gapped down multiple times last week but each time, it ramped right back up—setting up fantastic opportunities for both day traders and swing traders alike.

Best Stocks to Watch

1. Tesla (TSLA): This stock has been pulling back toward key support levels. If we see a weak open, expect it to bounce from the lower Bollinger Band.
2. Nvidia (NVDA): Nvidia continues to offer great swing trade opportunities. Watch for a breakout as it tests all-time highs.
3. SMCI: This stock is a great day trading vehicle right now, but you should wait for it to break the 50-day moving average before considering any swing trades.
4. COIN: Watch this stock as it hovers near its 50-day moving average. If it breaks above, expect a solid rally.

How to Take Advantage of Weak Opens

This market has been gapping down, offering fantastic buying opportunities. Don’t be afraid of these gaps—they are gifts that allow you to get in at a better price. This market is full blown all systems is a go for day traders and swing traders. and investors!

You get these trends just for couple months a year make sure you dominate!

If you’re looking to sharpen your skills in this market, check out our 60-Day Bootcamp. It’s a fantastic way to build your knowledge and improve your trading strategy. Join us here.

The post How to Maximize Profits with Key Trading Setups This Week appeared first on Bulls on Wall Street.

The Market Overview

The indices are stuck in chop mode, grinding down day by day with little action. While that might be frustrating, it’s important to remember that individual stocks can still give us fantastic opportunities. The S&P 500 has been chopping for 11 days straight, but the broader market is showing bullish setups across various sectors.

Why Geopolitical Tensions Matter

The end-of-day market dump today was likely influenced by a meeting between Russia and Iran. Events like this can cause brief market shocks, but they don’t necessarily signal long-term trends. Markets tend to shrug off geopolitical concerns unless they escalate into something more significant. For us, as traders, it’s all about finding individual stocks with solid setups.

Key Stock Picks and Setups

1. Nvidia (NVDA): Nvidia popped up today, pulling back into what I call the “bone zone.” This is an ideal spot to go long with the 127 calls, which have already paid off handsomely. If Nvidia breaks higher tomorrow, it could run even further.
2. Tiger (TIGR): We shorted this bad boy throughout the day, taking advantage of its weakness. This type of stock is ideal for day traders looking to profit from short setups.
3. OKLO: This nuclear stock has been on fire with a solid breakout setup. After an inside day today, this one is primed for a potential red-to-green move tomorrow.
4. BVhN: A hot IPO stock in the space sector, BVHN has shown some massive range. Keep this one on your radar for a swing trade opportunity.

The Geopolitical Angle

While the broader market has been impacted by news from Russia and Iran, the real story is in individual stocks. Focus on the setups that work for you and ignore the noise from the broader indices. We’ve been trading a range of names with fantastic success, from small-cap stocks to tech giants there have been breakouts galore.

If you’re ready to take your trading to the next level, check out our 60-Day Trading Bootcamp. It’s designed to help you build a comprehensive trading strategy that works in any market condition. Join us now.

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Market Overview: The QQQs and SPY
If you’re watching the QQQs, you’ll notice a very tight range forming. There wasn’t much movement today—only about $2, which is rare for the QQQs. But this kind of consolidation after an overbought period is a good sign. As the QQQs flirt with breakout levels, the tighter the range gets, the more explosive the move will be. The same applies to SPY, which has broken out to all-time highs. Now we’re just waiting for some sellers and buyers to churn before we get the next big move.

IWM’s Pullback
The IWM also had an orderly pullback. After 6 straight up days, we’re finally seeing a slight dip—about 0.5%. This type of pullback is healthy, and it’s setting up the IWM for another run once we work off this overbought condition.

Swing Trading Tips: Keep Your Accounts Separate
One key tip for those managing both day trades and swing trades: don’t mix them in the same account. If you’re trading with less than $100k, keeping swing and day trades separate will help avoid cross-currents in your results. Treat day trading as your income generator and swing trading as your wealth builder.

Top Watch List Stocks
Let’s talk about some key stocks to watch for both day and swing trading setups:

1. Lowe’s (LOW): This stock is setting up for a flat top breakout, a multi-year high. With the Fed cutting rates and hurricane season approaching, Lowe’s looks like a strong buy, especially if it breaks above key levels.
2. Costco (COST): Another retail giant setting up for a breakout. Watch for a break of 920 and consider calls around the 940 level for a potential big move.
3. CEG: After a massive run-up, CEG had a reversal candle today. Watch for a green-to-red move and potential short play.
4. Tesla (TSLA): Inside day setup with a potential breakout coming. We longed this stock on Friday, and we’re watching it for more opportunities.

Semiconductor Strength
The semiconductor sector is coiled up for a move. Stocks like MU, ARM, and AVGO are showing strong patterns. MU has a beautiful double bottom and is ready to break out of the bone zone. Meanwhile, ARM and AVGO are forming tight flags, ready for a big move.

Conclusion
This market is filled with opportunities for both day and swing traders. Make sure to keep a close eye on the watch list, stay patient, and separate your strategies for maximum success.

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The post Navigating Choppy Market Conditions: Key Setups for Day Traders and Swing Traders tomorrow appeared first on Bulls on Wall Street.

SPY and QQQ Price Action
First up is the overall market sentiment, and it’s looking strong. We saw some consolidation with a 2% pullback on the QQQs, but that light dip is a great sign. SPY broke out to all-time highs and even retested, providing a perfect pullback opportunity for those who missed the initial breakout. After strong market moves like this, the rest days provide fertile ground for traders to jump in with strategic positions. Friday’s zero DTE action on Tesla and others proved that breakout and pullback setups are highly effective in this market.

Tesla’s Explosive Moves
Tesla is once again the darling of traders, with Friday’s breakout providing excellent day trading opportunities. We’ve been watching this stock closely as it develops more consistent patterns. It’s coiling up, and after Friday’s action, it’s primed for another strong move. With an inside day setup on Friday, Tesla’s potential for another breakout looks imminent.

Swing Setups You Don’t Want to Miss
As swing traders, this market is presenting a buffet of opportunities. Stocks like AKO and NRG are offering fantastic setups, with breakout and pullback opportunities developing. We’ve seen strong volume and range breaks on both. AKO, for example, saw 15 million shares traded and closed near its highs on Friday. Meanwhile, NRG’s flat top breakout is primed for a strong move, especially if we get a weak open followed by a red-to-green move.

Sector Focus: Utilities and Nuclear
Another interesting development is the rise of nuclear stocks, with Microsoft’s recent deal breathing life into this sector. We’ve also noticed utilities like CEG and NRG providing strong setups. These might not be the typical fast movers that day traders look for, but swing traders should keep an eye on these for breakout opportunities.

Conclusion
Whether you’re day trading or swing trading, the market is offering setups left and right. With everything from tech stocks to utilities and even nuclear companies seeing movement, there’s something for everyone in this market. Be sure to keep a close watch on the day trading and swing trading watch lists for more potential winners.

Bootcamp Integration
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Fibonacci levels have been around the market for decades and have forever been one of the hottest and strongest tools to use to capture big moves and spot key levels.

In this post, we’ll walk through how you can use the Auto FIB Indicator for SPY trading, maximizing your profit potential during the trading day.

This is an indicator that was created by our lead options trader Levi, and is responsible for some huge trades inside of our Options Trading Chatroom (Get a 7-Day REE Trial Here)

Now – let’s dive right into what this indicator is, and how to use it to trade big names and indices like $SPY.

Understanding the Auto FIB Indicator:

The Auto Fibonacci (FIB) Indicator automatically plots your intraday low and high, producing a Fibonacci zone that guides your entry and exit points. For example, if you’re trading SPY or QQQ, this indicator helps you identify key levels for price action by calculating retracements and extensions.

Why Use the Auto FIB Indicator?:

By using the Auto Fibonacci Indicator, traders get a clear visualization of where price reactions are likely to occur. These reactions are often at Fibonacci levels, making it easier for traders to plan and execute trades in real-time. This is especially useful when combined with other technical indicators.

How to Trade Using the Auto FIB:

• When the intraday low and high are established, the Fibonacci zones become areas of interest.
• For instance, today’s SPY intraday low was plotted right at the open, and the Fibonacci zone between 56.87 and 57.1 became a prime target for traders to execute long positions.
• If you are an options trader, this method provides a 20-minute preparation window to select strike prices and expiration dates, adding a structured approach to options trading.

Stacked Technical Levels for Higher Accuracy:

What makes the Auto Fibonacci Indicator even more powerful is its ability to overlap with other key levels, such as the previous day’s highs or lows. In today’s SPY setup, not only did we have a Fibonacci level, but the previous day’s high overlapped, giving traders a higher probability of success at that price point.

How to Integrate with Other Tools:

The Auto Fibonacci Indicator can be combined with other technical strategies, such as the Zone Indicator Overlap, which plots additional support and resistance zones. This added confluence of levels makes it even easier to anticipate significant price movements.

Conclusion:

The Auto Fibonacci Indicator is a powerful addition to your trading toolbox. Whether you’re trading SPY or any other stock, having this level of precision can increase your profitability, especially when combined with other technical indicators. If you haven’t already, give it a try, and see how it can improve your trading results.

You can get these indicators with Purchase of our Options Bootcamp come check it out!!

The post A Guide To Using The #1 Fibonacci Indicator In The Market: The “Auto Fib Indicator” Breakdown appeared first on Bulls on Wall Street.

Key Market Moves:

• SPY: Broke and held all-time highs, confirming a strong bullish trend.
• QQQ: Finally broke its trend line and large caps are heating up.
• IWM: Still holding up after seven days of gains, showing that small caps are participating in this rally.

Stocks to Watch:

• Meta (META): 21 points today, breaking through key levels. This stock is hot, and all dips should be considered for buys.
• Tesla (TSLA): Broke out of a range today and looks primed for more upside. Watch for continuation tomorrow.
• AVGO & TSM: Both semi-stocks are in strong setups after breaking out of ranges. Add these to your watchlist for potential gains.
• RCL & Lunar: Strong volume and bullish patterns. These names are worth keeping an eye on in the coming days.

Conclusion:

With tomorrow’s Opex, we may see some volatility, but the overall market structure is strong. Be mindful of your stop losses, but don’t hesitate to take some calculated risks with swing trades to capture the momentum. This was about as good as you can get on follow through for a post Fed Day.  The market is hot hopefully we get a 2-3 day pull and we can really load in.

P.S. Don’t forget to check out our 60-Day Bootcamp for all traders: 60-Day Bootcamp  we start up in a week!

The post Post-Fed Market Breakout: Top Stocks to Watch and What’s Next for Traders appeared first on Bulls on Wall Street.