Good morning & happy Tuesday, traders! Let’s take a look at a few of the setups that should be poised to make new highs over the next couple of weeks ????
Options Trading Pre-Market Prep: RIP to the Bears? 12/28
Month: January 2022
Options Trading Watch List: $AAPL $TSLA $GOOGL $F $COST $SMH
Hope everyone had a great Christmas break! Let’s jump into the watchlist for the week, starting off with a look at the S&P 500. We’ll cover setups on our focused list like AAPL, TSLA, GOOGL, F, COST, and SMH.
Options Trading: Will The Squeezes Take Us To New Highs?
Let’s recap the week ahead of the holiday Christmas weekend. We’re seeing things shape up for a solid move into brand-new all time highs. We’ll see you on Sunday for the weekly watchlist video!
Options Trading Mid-Week Update: Santa Pump
Let’s review the market conditions ahead of this shortened holiday week. The market is closed on Friday for the holidays, so tomorrow will be a lotto Thursday. This week we’ve been following the daily Ichimoku Cloud and Point of Control, and we’ve seen action in both directions. Let’s talk about a few things that could unfold for tomorrow and dive into our focused list with GOOGL, NVDA, and TSLA.
Options Trading Live Prep: 1/05
Join Taylor Horton every Wednesday morning at 7:45am CT for live morning prep before the market opens.
Options Trading Live Prep: 1/03
Join Taylor Horton every Monday morning at 7:45am CT for live morning prep before the market opens.
Options Trading Live Prep: 12/29
Join Taylor Horton every Wednesday morning at 7:45am CT for live morning prep before the market opens.
Options Trading Live Prep: 12/27
Join Taylor Horton every Monday morning at 7:45am CT for live morning prep before the market opens.
Options Trading Live Prep: 12/22
Join Taylor Horton every Wednesday morning at 7:45am CT for live morning prep before the market opens.
2022 Starts With Pop
After a choppy week to end 2021, the S&P 500 (ES) is starting the new year attempting to fire its two-day squeeze. As of now, momentum is rising but we are continuing to see compression.
The market had a pop to start the week, but we won’t see much change in price action until we break our major inflection points.
The ES has to break $4,800 for the market to break higher and will need to drop below $4,743 to head significantly lower. Until we break either of these points, the chop fest will likely continue.
Here is our focused list:
TSLA — After crushing their delivery numbers on Sunday, this catalyst led TSLA to break $1,200 on Monday. We’re looking for a continuation to $1,250.
NVDA — Last week we saw a pullback to the daily Ichimoku Cloud, but NVDA held its 50-day simple moving average (SMA). It broke the 50-day SMA on Monday with the spike of volume. Look for NVDA to break above the Ichimoku Cloud top at $300 for a move to $310 and $315.
GOOGL — GOOGL is trading in daily, weekly, and two-day squeezes. On Monday, GOOGL traded below the top of the daily Ichimoku at $2,900. If GOOGL can reverse and pop through its wedge, we could see a rally to highs. Once it trades above $2,900, it will start the journey to $2,950.
Stay Focused!