Trading Strategies: .SPX, NVDA, QQQ, MSFT& GOOGL

EliteOptionsTrader
04-25

Hello everyone! Today I want to share some trading strategies with you! Hope it can help y!

The stocks are as follow:

1.

$S&P 500(.SPX)$ held above 5038 on the dip, if it gets back through 5068 we can see 5100 next. 5100 hard resistance so possible it may not get through until Friday

$NVIDIA Corp(NVDA)$ back testing 800 and held, now above 814.. if it holds 814 we can see 829 by Friday

$Invesco QQQ(QQQ)$ 429- watch this level over the next week. if it breaks above it can run to 435

2.

The market is still trying to find a bottom with fast reversals occuring every other day. This isn’t a time to get aggressive or take larger bets YET.

We still have $Microsoft(MSFT)$ and $Alphabet(GOOGL)$ earnings + FOMC next week.

Leading into May 1st(FOMC), this is how I would approach the market using $S&P 500(.SPX)$ 👇

🟢 Bullish above 5100 (consider calls)

🟡 Choppy between 5038 and 5100 (trade with caution)

🔴 Bearish below 5038 (consider puts)

3.

Trade plan for Thursday ✅

$S&P 500(.SPX)$ consolidation day after moving near 5100 at the open, We can see a range from 5038-5100 leading into Core PCE on Friday 5120C can work above 5100

$NVIDIA Corp(NVDA)$ 40+ pt reversal after moving to 840. If NVDA can hold above 780 into Friday calls can work

$Invesco QQQ(QQQ)$ if it fails at 424 after

$Microsoft(MSFT)$ $Alphabet(GOOG)$ earnings it can drop near 429 420P can work under 424

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