We cashed out in Amazon ($AMZN) in my Compounding Growth Mastery. Now we’re on to the next squeeze setup in Lam Research (LRCX), which is looking just like AMZN.
TTM Squeeze: 70% Return in $AMZN + $LRCX Nested Squeezes
Month: May 2023
We Got Long $AMZN + “Neutral” Squeezes Setting Up ($GOOGL, $NFLX, $QQQ)
The S&P 500 (SPX) is still showing a daily squeeze. The key to the squeeze is figuring out whether everything is aligned for a push higher or a move lower. Regarding other positions, I got long Amazon (AMZN) with my Compounding Growth Mastery members. AMZN is showing squeezes on multiple time frames, let’s see which way the squeeze fires.
Two ‘If This, Then That’ Trade Setups
There are two trade setups I’m keeping an eye on this week, but there is one kicker. The Nasdaq (QQQ) must break out for these ideas to work.
The QQQ daily chart has a squeeze on the daily chart and Big 3 buy signals on the lower time frames. If the QQQ can push higher and break above resistance, then it could open the door for more upside potential.
Check out the video below for my two favorite bullish picks if the QQQ can push through resistance.
$AMZN Ready to Rip? “Nested” B3 Bull Squeezes
My favorite setup coming into this week is Amazon (AMZN). Depending on the bigger picture of the market, I’m looking to buy calls on AMZN. Check out the video above for my full review on Amazon and other names I’m looking at this week.
Gauging The Squeeze
After a busy week for the market, I’m still hunting for more clarity on the market’s direction.
The S&P 500 (SPX) continues to show a daily squeeze, and the question remains on which direction it will fire. Let’s stay disciplined and see if we can get a strong push toward $4200 on Monday. In today’s video, we’ll do a deep dive of SPX on multiple time frames and review my favorite setup on AMZN.
Stay Focused!
The $SPY (And My Calls) Got SMACKED! What’s Next?
After Wednesday’s Federal Open Market Committee statement release, Chairman Jerome Powell also spoke. The market’s various squeeze-buy signals are now gone, and we reverted to neutral.
Lower time frames are also now showing neutral or bearish signs. Now we want to take a step back and re-evaluate before moving forward.
SPY to $420?
This week I’m looking for the S&P 500 (SPY) to push into $420. This would require the SPY to break above the previous swing high in February, around $418.30.
The weekly chart is printing a Big 3 buy signal, nested with a daily squeeze also printing a Big 3 buy signal. In the video above, we’ll break down the lower time frames on the SPY and review trade setups based on this thesis.
Stay Focused!
Watch These Squeezes on $SPY Tomorrow!
For my roadmap this week on the S&P 500 ($SPX), I’m still looking for a push toward $420.
The weekly and daily squeezes are still showing buy signals. Let’s see if we get a pullback before we go higher.