TRADE PLAN for Thursday 📈

EliteOptionsTrader
11-05 09:10

$S&P 500(.SPX)$ closed +119 on the day and $Invesco QQQ(QQQ)$ closed at +6.5. SPX tested 7700 a few times but couldnt get through today. Once we see SPX through 7700 and QQQ above 700 the market should be bottomed. Wait for these levels to line up.

There was a significant amount of weakness in semiconductor and Datacenter stocks today. $NVIDIA(NVDA)$ closed right at 200 and we saw $Dell Technologies Inc.(DELL)$ drop almost 9%, $Micron Technology(MU)$ down 7%, $SanDisk Corp.(SNDK)$ down 8%.. A rotation into $Amazon.com(AMZN)$ $Apple(AAPL)$ $Microsoft(MSFT)$$Meta Platforms(META)$

Happened today.

Once the semiconductor/AI names can start to lead again, we may continue to see more chop over the next couple days. We want to see $Advanced Micro Devices(AMD)$ back above 500, $Dell Technologies Inc.(DELL)$ near $400,

$SanDisk Corp.(SNDK)$ above 1100 and $Micron Technology(MU)$ back above 900 for the market to look more bullish. Until those levels line up, be more cautious trading tech.

Good luck tmrw everyone!! 🫡

Options Hub
Welcome to Tiger Options Hub! Here you may talk and learn about all things on options trading!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Traderjoe12345
    01:57
    Traderjoe12345
    The only way I could do that was if you had to do a lot more work and then you would be done by yourself so you would be fine
  • Dildev
    00:19
    Dildev
    Liu based Kure FAQs Nuuk
Leave a comment
2
2