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Hey traders, happy Sunday! As we approach this next week, we are looking for the daily squeezes in the indexes to continue to hold structure and fire to the upside. The S&P 500 (ES) looks rock solid and while things can get choppy due to seasonality in August, the bullish daily squeeze remains solid. The Dow Jones (YM) has a daily squeeze getting ready to fire long, and the Nasdaq (QQQ) is also setting up to fire higher. 

Look for the QQQ’s to make one more solid push into the upside to the 2+ or 3+ average true ranges (ATR). We have a solid structure and bullish trend in technology, so if the daily squeeze fires long we could see a strong move to the upside. If technology pushes higher, AAPL has the potential to move into new all-time highs. 

The financials (XLF) are looking extended at 2+ ATR, so be patient and wait for a dip. We took profits last Friday in GS in the Compounding Growth Mastery and will look for new opportunities in the financial sector, so keep financials on your radar. 

We will also wait for a pullback in the industrials (XLI), seeing the daily squeeze hasn’t fired and are printing bullish 3-day and weekly squeezes. The same goes for the semiconductors (SMH), should we get the opportunity to buy the dip, as the weekly squeeze could give us a great opportunity to push us higher into September and October.

Keep an eye on the squeezes in technology, semiconductors, financials, and industrials to take us higher in the next few weeks (and even months). Watch the video for key levels to take advantage of, specifically in stocks with good looking setups like TSLA, PYPL, and SBUX. We hope you enjoyed your weekend, and we’ll see you on Monday!

Stay Focused!

 

 

Happy Friday, traders. We hope you all had a good week and got a little bit better at your craft over the last 5 days. The daily squeeze in the S&P 500 (ES) that we covered last Friday finally fired long this week, and with that being said, the markets continue to look solid here.

 

 

Though it has yet to fire its daily squeeze, the Nasdaq (NQ) continues to maintain a bullish structure which we think could be good for one more solid push into new highs. With a solid looking daily squeeze in the Nasdaq QQQ’s, we also have our eyes on AAPL here. Apple has its own bullish daily squeeze with a series of lower time frame squeezes setting up under the surface (see chart below). With this structure, should the NQ push into new highs we believe Apple will follow suit. For this reason, we sold a put credit spread on AAPL earlier in the week that expires next Friday. The ball is in the QQQ’s court, of course, but if we get a nice move in technology next week we should be able to get our move into $150+ on AAPL.

 

 

Another set up that we are big fans of right now is Tesla. A couple of weeks ago we sold a September monthly expiration put credit spread in the Compounding Growth Mastery as the stock was setting up in a daily squeeze, and thus far that trade is off to a great start (see chart below). However, the structure of the bullish weekly squeeze and 3-day squeeze leads us to believe that Tesla could be just getting started. At the moment, there are a handful of lower time frame squeezes setting up on top of the daily 8 Exponential Moving Average (8EMA), and if they begin to fire long they could trigger the next solid push into the upside. As long as the structure of the weekly squeeze here remains intact, we will wait for any dips as an opportunity to add more exposure here.

 

 

This week, we closed trades in PTON, CRWD, and ZM for losses in the Compounding Growth Mastery as all three of their squeezes lost structure. However, we were able to keep these losses small and are still moving the ball forward with our winning positions. Our trades in XLI, TSLA, and TSCO are all off to a great start, and we were able to close our AVGO and IWM spreads for 70% and 50% of the max potential profit, respectively, this week. 

Keep your losses small, let your winners work, and keep looking for the next good setup! That is the key to consistent trading. As always, in Sunday’s newsletter video we will be covering a handful of setups that we think could lead to our next round of profitable trades. So keep your eye on your inbox for that video this weekend and be sure to spend some time recharging over the next few days.

Stay Focused!

 

 

One of my favorite and the most powerful indicators I’ve used since the start of my trading career is Point Of Control (POC). The Point Of Control is a reference price point that stems from the VolumeProfile indicator found on most trading platforms. I use the central point of VolumeProfile – known as the Point Of Control – because it reflects where the MOST amount of volume has occurred over a certain period of time. 

The Point Of Control has changed my trading game because knowing where this level is and studying its behavior unlocks a massive trading edge, since this price point becomes the stock’s most liquid level (and all stocks do is travel back and forth to liquidity). POC works on everything from futures, indices, and individual stocks. 

In this video, I’ll introduce and breakdown the Point Of Control and include how to set it up on your trading platform so that you can add it to your trading game. 

If you’re interested in learning more about how I use Point of Control specifically for my Scalping strategy, check out my complete 4-hour training class here.

Stay Focused!

 

 

This week there are a few major catalysts that could impact the market. We’re heading toward the end of earnings season with most of the big names having already reported, but there are opportunities for setups this week in names like Nvidia (NVDA), Coinbase (COIN), Disney (DIS), and more. Pay close attention to the economic data this week, specifically the Core Consumer Price Index (CPI) on Wednesday morning, to see how the news impacts the overall market.

Last week, the S&P 500 (ES) traded in a 4-hour squeeze and finally broke all-time highs. Not much has changed since last week, but the ES is getting closer to the next step — a big move higher. The ES has been strong but not extended, so let’s see if the ES can squeeze and break last week’s all-time high at $4,433.25 and send the market higher. 

For the Dow Jones Industrial Average (YM), it is continuing to squeeze sideways. Watch for rotation into the YM (semiconductor sector)… Or will technology act as the market leader? 

The Nasdaq (NQ) held onto its gains on Monday as the NQ approached its all-time high but pulled back and closed short of last week’s new all-time high at $15,172.50. 

Here is our focused list: 

GOOGL — Starting to ramp up with higher lows and showing strength. On Monday GOOGL closed above the big breakout level at $2,733. Squeeze hasn’t fired but momentum is building. If technology continues to lead, look for GOOGL to break the $2,746 level to its all-time high at $2,775 (and maybe even $2,800).

ZM — Uptrend forming on its 2-hour chart. Watch for ZM to move higher into the $406 to $416 breakout zone. Look to enter around the key zone from $375 to $380. Watch for the squeeze to fire and price to hit the first target at $391 and up to $406.

TSLA — Note the beautiful weekly squeeze, watch momentum shift, and pay attention to the 4-hour squeeze as it fires. If it breaks and clears $726, look for price to move to the $750 to $760 zone and even a push into $780. Be patient because if TSLA breaks there will be plenty of opportunities to take this higher.

SNOW — Breaking out of a tight wedge. Look for SNOW to move back above the key level at $280 or $282 and then a push up to $286. Be careful because this name can be tough to trade but can offer a great setup as long as risk is maintained.

NVAX — Ran hard last week along with amazing earnings from BioNTech (BNTX). NVAX filled half of the gap between $216 to $227 and has 13 points left to fill the gap up to $227. Focus on the sector move as a whole.

Stay Focused!

 

 

We saw multiple squeezes form last week as the major indices maintained their solid structure. The big mover last week was the financial sector (XLF) as it built up energy the last few months and finally made a big move into the +2 average true range (ATR) on both the daily and weekly charts. We took advantage of the hourly, daily, and weekly squeezes in Goldman Sachs (GS) in the Compounding Growth Mastery and bought back our put credit spread for 45% of max profit. There is potential for continuation higher, but we will be waiting for a pullback before making our next move.

The Industrial sector (XLI) is also printing a mix of squeezes on the daily, 3-day, and weekly charts. As long as we hold this structure into September and October we could see prices move higher. 

Semiconductors (SMH) have a beautiful daily, 3-day, and weekly squeeze firing long. Wait for a move to the +2 average true range (ATR) and buy the dip before adding more exposure.

Technology (NQ) has a bullish daily squeeze with a positive histogram and brand new 4-hour squeeze. Look for the squeeze to ultimately fire long and push technology stocks higher. 

Watch the video above for a full update on our current open positions and where to buy the dips and add to your positions. Industrials, financials, technology, and semiconductors are all good-looking pockets in the market. As long as the daily squeezes in the indexes hold structure, look for them to fire to the upside. 

Stay Focused!

 

 

This was a relatively uneventful week in the markets as the S&P 500 (ES) and Nasdaq (NQ) generally traded sideways. While this choppiness could feel somewhat boring, the daily squeezes in the indexes still have a bullish structure to them. As long as both indices hold this structure, we will continue to be patient and look for long opportunities in this market. The trend is your friend… until the trend changes.

 

 

As for the market sectors where we are currently focusing, the semiconductors rose nicely this week but we think there is plenty of room to the upside. We are still long Broadcom (AVGO) and we nailed a trade on Nvidia (NVDA) for a quick profit this week. If we get any dip in the semiconductor group next week we will likely look to add more exposure in the chipmakers.

 

 

As for technology, should the group make another move to the upside we think Apple (AAPL) is poised to pop based on its bullish daily squeeze (chart below). Google (GOOGL), despite having no daily squeeze, offers a handful of bullish squeezes on the lower time frames that we will be watching closely. 

 

 

 

After weeks of consolidation the financial sector finally woke up this afternoon. The weekly squeeze looks incredibly bullish and could offer the potential for weeks of solid momentum. However, after today’s big move we suggest waiting for the next pull back before diving in. In the Compounding Growth Mastery we sold a put credit spread on Goldman Sachs (GS) yesterday afternoon and bought it back today for a nice profit as it quickly ran into our target. We will happily look for another entry on the next dip.

 

 

The structure of the indexes continues to be solid. These are some pockets of the market that could offer great opportunities if the bullish nature of the market continues. There are a few additional stocks on our watchlist where we are looking to buy the dip and we will be covering those in detail in this Sunday’s watchlist video. Enjoy some relaxation this weekend because it’s back to the grind on Monday! We’ll talk to you on Sunday!

Stay Focused!

 

 

The main focus this week is on jobs. We had a slightly bearish ADP Employment report on Wednesday and now we’re waiting to see what Friday brings with the Nonfarm Payrolls report. This jobs report could be the catalyst that the market has been waiting for… 

The S&P 500 (ES) has not dropped lower or rallied higher, but it instead has been sitting in a 4-hour squeeze above the 4-hour Ichimoku Cloud. The market has the capability to break higher as momentum continues to build, but it needs a reason to pop. Could the jobs report cause the market to jump higher? Unless the ES breaks below $4,364, prices will likely continue to chop until the next rally higher. Be careful to not short this market and rather wait to see if we head higher. 

Today, we finally saw all three major indices join the rally party, settling up around the same percentage points (slightly over 0.5%). The Nasdaq (NQ) logged an all-time closing high and the Dow Jones (YM) finished the day in the green. The technology sector is still leading the market higher. As long as the NQ holds $15,134 and trades back through today’s all-time high at $15,166, there is plenty of momentum to explode higher and boost the market.

Watch the video above for our Focused List of setups that could continue to squeeze and fire higher. Be patient heading into Friday’s jobs report, manage your risk properly, and we’ll see if jobs can push the market higher. 

Stay Focused!

 

 

Let’s see what this fresh month of August brings after the market sold off last week to end July.

This week the focus is all about jobs. Keep a close eye on the ADP Employment report on Wednesday and the Non-Farm Payrolls report on Friday. Watch how the market acts leading into these two reports and how the market reacts if we receive two bullish reports.

Will the jobs report be a catalyst to the upside, downside, or is it simply just noise?

This week also leads us into earnings for our last few big names. The main focus on earnings is on individual stocks, specifically Alibaba set for Tuesday morning and Roku on Wednesday afternoon.

We are still using the same compass as last week and waiting to see what happens next as the overall market is still inside this 4-hour squeeze. Watch the video above for a full market breakdown on the three major indices, volatility, and a deeper analysis of our current focused list (check below).

Here is our focused list: 

NVDA – After the stock split, NVDA is retesting and holding its wedge at the 196 level. The 4-hour squeeze hasn’t fired yet, so let’s see if it can continue to hold. If it breaks through 200, look for 204 or 206.

GOOGL – Closed bullish near all-time highs despite technology’s red day on Monday. Watch the 2-hour Ichimoku Cloud. Key levels to keep an eye on: 2,770 calls for this week’s expiration and 2,750. Be patient and see what technology stocks do.

ROKU – After hitting an all-time high, there’s been some serious selling. See if earnings this week could push this to 500. Look for opportunities with lotto trades toward the 500 strike next week. Be patient and proceed with caution among earnings.

SQ – With the acquisition of Afterpay, Square ripped higher to all-time highs with huge amounts of volume. Weekly squeeze wants to fire, meaning it could break an all-time high. Went from 230 premarket to 283 on Monday, could move down or be so strong that it explodes higher to the 300 level.

TSLA – Starting to fire a daily squeeze and into a weekly squeeze to hit a target of 750. If it continues to hold the 709 to 700 zone and breaks 727, we could see the push toward 750.

Stay Focused!

 

This week was all about technology earnings, and Amazon (AMZN) was the story of the week, gapping down almost 7% at the open this morning after announcing Thursday evening what were (apparently) “unsatisfactory” earnings. 

Despite the AMZN puke, indexes held up incredibly well today as both the ES (S&P 500) and NQ (Nasdaq) continued to hold structure in a bullish daily squeeze (see charts below). At this point, we will be focusing on these daily squeezes to serve as our compass for the next potential move. While there is the possibility the upward trend continues into next week, we are also taking into consideration the potential that the market may need to “cool down” and trade sideways for a bit. With that being said, we will be patient and give any potential trades moving forward ample time to work out.

 

 

 

In terms of where the big potential play may be in the coming weeks, we are still huge fans of the chipmakers (semiconductors) here. SMH (semiconductor exchange traded fund, or ETF) looks poised to fire its daily squeeze to the upside which fairs well for our positions in my Compounding Growth Technique Mastery in AVGO (Broadcom) and NVDA (Nvidia) (see charts below).

While technology has run the show as of late, is it the semiconductor’s time-to-shine? We think so! And while we think the group is getting ready for a solid move, we suggest, as always, focusing on the stocks within the group that offer the best setups and entries. AVGO, NVDA, and AMAT (Applied Materials) are our favorites here, while AMD (American Tower Corp) and QCOM (Qualcomm) have quickly become too extended for us to chase an entry here.

 

 

 

TSLA (Tesla) is another name of interest for us here as well, and we’re looking to see if the weekly squeeze is (finally) ready to bust a move (see chart below). Though the weekly chart looks solid, the daily chart isn’t the cleanest setup yet. There are a few things you want to take into consideration if you’re going to pursue a trade here, such as the put credit spread we opened yesterday in the Compounding Growth Technique Mastery program.

 

 

In this Sunday’s premium video, we’ll go into details surrounding technology, the chipmakers (semiconductors), Tesla, and a few other spots that could offer opportunity in August. So keep an eye on your inbox this weekend for the video!

Stay Focused!