$Tesla Motors(TSLA)$ BearishShares of Tesla Inc. fell into correction territory last Friday, and their chart suggests the selloffs are likely to continue for awhile longer. ⚠️ Trading tips: Looking at puts below 254 towards 251.5, 250, 247 and calls above 257.5 on Monday. Flat price action leading to FOMC on Wednesday expected. Not pretty for TSLA bulls Tesla’s stock has been on a downward trend since last Wednesday, even after the company reported better-than-expected earnings and revenue for the second quarter and maintained its delivery guidance. Analysts highlighted the role of “other income” in boosting the results, while some expressed unease over the lack of clarity on the company’s margin trajectory. CEO Elon Musk‘s remarks hint

$Invesco QQQ Trust(QQQ)$ 42% gain from taking calls on trending Friday. Thanks to Tiger for awarding the weekly top predictions for QQQ again. Looking forward to more winnings in the week ahead 🤑 Stocks rallied Friday on rising optimism that D.C. lawmakers will reach a deal to raise the U.S. debt ceiling, led by the tech-heavy Nasdaq, which closed at its highest level since August. Two-year U.S. Treasury yields rose for an 11th straight session after the latest government data showed inflation picking up more than expected, and Federal Reserve Bank President Loretta Mester said she would not rule out another rate hike next month. Avoiding credit score downgrade Debt talks are still ongoing, but appear to

Thanks to Tiger for awarding the weekly top predictions for SPY. Congrats for surviving another week of volatility in the stock market, characterized by mounting fears of a wider Middle East conflict and a more cautious fourth-quarter earnings outlook announced by U.S. corporations. Let’s get ready for more news from the Fed Chair at the FOMC to determine the market movement into November 🙏 The S&P 500 (SP500) retreated 2.53% for the week to close at 4,117.37 points, posting losses in four out of five sessions. The benchmark gauge's slide pushed it into correction territory, with Friday's closing price marking a more-than-10% drop from the S&P's 52-week closing high of 4,588.96 points notched on July 31. That comes just two days after the Nasdaq Composite (COMP.IND) also entered c

Thanks to Tiger for awarding the weekly top predictions for SPY over the weekend again! Let’s get ready for more profit in the week ahead! Join me to raid the market 🤑 “We have come to an agreement in principle,” House Speaker Kevin McCarthy said Saturday in the Capitol. “We still have a lot of work to do, but I believe this is an agreement in principle that’s worthy of the American people.” McCarthy said he spoke to President Joe Biden twice on Saturday about the plan. “I expect to finish the writing of the bill, checking with the White House and speaking to the president again tomorrow afternoon,” said the California Republican, “Then posting the text of it tomorrow, and then be voting on it on Wednesday.” The deal, he said, “has historic reductions in spending, consequential

NVDA: Two more directors sold shares at around 230 on 1 March, according to the latest form-4 filings. They sure thank retail for buying into the AI narrative. What's That? A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex. When it is accompanied by declining volume, it can signal a trend reversal and a continuation of the bear market. Declining volume is a giveaway  The Breakdown One thing experienced traders love about this pattern is that once the breakdown happens, the target is reached very quickly. Unlike other patterns, where confirmation must be shown before a trade is taken, we

$SPDR S&P 500 ETF Trust(SPY)$  The S&P 500 index has surged 20% since near the end of October—barely three months ago—and a correction may already be under way. Stocks need a reason to move higher, and the market is running out of those reasons. Thus, Craig Johnson, chief market technician at Piper Sandler, believes a market correction is imminent. ⚠️ Looking at SPY puts under the psychological 500 breakdown or calls above 501.65 after CPI data report at 8:30am on Tuesday. Plan the trade and trade the plan, don’t get too emotional with the law of physics. Not financial advice! ☺️ More room to slide than to spike “Some of the internal indicators that we produce have just given us a sell signal,” Johnson sa

Thanks to Tiger for awarding the weekly top prediction for QQQ. The Thanksgiving week has historically been a period of thinner trading volumes due to fewer market participants. This can lead to lower liquidity and, in some instances, heightened volatility. However, it’s often accompanied by a slight uptick in consumer and retail stocks, influenced by Black Friday sales and the kickoff of the holiday shopping season. Yet, there’s also the often-cited “Thanksgiving Rally”: a pattern where the stock market has shown a tendency to perform slightly better during the holiday week. Rocky White, a senior quantitative analyst at Schaffer's Investment Research, analyzed that in the past 50 years, the S&P 500 has seen an average increase of 0.54% during the week of Thanksgiving. Furthermore, 68

33% gain from mid day move when S&P 500 attempts to break the 4400 psychological barrier. The break indicates a bullish trend into the week ahead. Get ready for a green November towards Santa rally in December 🎅  Major averages notched a second week of gain into November, recovering the ground lost in the previous session, as Treasury yields stabilized. The S&P 500 climbed 1.56% to finish the session at 4,415.24. The Nasdaq Composite added 2.05% to 13,798.11, notching its best day since May. Stocks staged a rebound as the benchmark 10-year Treasury yield hovered around the flatline. It was a marked reversal from Thursday’s action in which the rate on the 10-year jumped more than 10 basis points. The spike in yields followed a dismal Treasury Department bond auction and

Thanks to Tiger for awarding the weekly top predictions for SPY last week again! Are we ready to profit from the mother of all coins again? Let’s get ready to do so in the months ahead 🤩 Bitcoin rose 5% on Friday to one-month highs, powered by what analysts said was a flurry of buying ahead of April's halving event and as recent outflows from exchange-traded funds slowed. The price rose to a session peak of $47,705, the most since January, after the first U.S. listed spot bitcoin exchange traded products received regulatory approval. The world's largest cryptocurrency was last up 3.5% at $46,946, set for a rise of 10% this week, its most in a week since October. Ether was up 2.5% at $2,486. Bitcoin hit a two-year high just above $49,000 in January, but has since trended lower, under pres

Thanks again to Tiger for awarding the weekly top predictions for SPY & QQQ. We’ve witnessed an incredible 7 green days out of 8 trading days since November. The best thing is that Monday greens, not blues is back again 😂 TGIF chasing away Monday blues? 🥳 The S&P 500 on Friday advanced 1.31% for the week to close at 4,415.24 points, posting gains in four out of five sessions. Its accompanying ETF: SPY added 1.36% and Nasdaq Composite jumps 2.4% for the week. The central bank chief's hawkish remarks at a conference hosted by the International Monetary Fund on Thursday weighed on sentiment enough to see the S&P 500 (SP500) snap an eight-day win streak, its longest such run since November 2021. However, markets bounced back strongly on Friday as traders largely appeared to

$NVIDIA Corp(NVDA)$  U.S. stocks closed lower Friday, with the S&P 500, Dow Jones Industrial Average and Nasdaq Composite all snapping five straight weeks of gains. Is the party going to be over soon? Time will tell but first, go enjoy your long weekend! 🥳 The sign is here 🚨 Wall Street paused for a breather Friday following a stronger-than-anticipated producer inflation report that once again caught investors off guard, echoing the heat of a similarly strong consumer inflation report earlier in the week. The Producer Price Index (PPI) for January 2024 saw a 0.3% month-over-month increase, surpassing the projected 0.1% surge, while the Consumer Price Index (CPI) surged by 3.1% year-on-year, exceeding the forecast

Thanks Tiger for awarding the weekly top predictions for QQQ and SPY! The S&P 500 rallied on Friday without participation from Apple since the poor earnings sentiment on Thursday. Get ready for more action next week! 🍏 Stocks closed sharply higher Friday to extend a monster rally that saw the big three indexes sweep to their biggest weekly gains of the year, as investors grew more hopeful that the Federal Reserve's interest rate hikes might have ended. The rebound this week came as the S&P 500 closed out a dismal period of three months straight with losses. The rally this week was sparked by the Fed’s decision to hold rates steady for a second straight time, along with the Department of Treasury’s borrowing plans that were less burdensome than feared. Bond yields, which have we

Thanks to Tiger for awarding the weekly top predictions for SPY back to back once again. Let’s get ready for the most crucial CPI data report follow by Fed’s decision to hike or pause interest rate next Tuesday and Wednesday respectively 💪 Economic data during the week gave some strength to the Fed pause narrative. The Institute for Supply Management's gauge of U.S. services activity nearly showed a stagnation for May, while factory orders for April rose less than expected. Moreover, initial jobless claims surged to their highest level since October 2021. The data pointed towards signs of cooling in the economy while also suggesting that cracks had begun to show in the highly resilient labor market.  The benchmark index closed up 0.6% to 4,294 on Thursday, vaulting it back into bull

Thanks to Tiger for awarding the weekly top predictions for SPY once again. 63% profit from taking SPY calls on the last day of June as anticipated. Looking forward to greater gains in the second half of 2023 starting next week! 🤑 The S&P 500 has risen 15.9% this year to 4,450.38, but we're actually in a bull market, with a 24% gain from the 2022
closing low of 3,577.03 on Oct. 12. (One definition of a bull market is a 20% price increase for a stock index.) Although a pullback is likely to come over the short-term, especially heading into the Federal Reserve’s next decision on interest rates scheduled for July 25 and July 26, a continuation of the bullish cycle could continue into the end of the year. Take the stairs next? The S&P 500 gapped up 0.59% to start the trading day on F

The U.S. stock market attempted a rebound following Tuesday’s declines, which were sparked by a higher-than-expected inflation report in January, as investors refocused on corporate earnings. More than two-thirds of S&P 500 companies reported thus far, with 75% of them exceeding earnings-per-share expectations and 65% reporting positive revenue, according to Factset data. ⚠️ Looking at SPY calls above 500 and puts under 498 on Thursday after sales numbers and jobless claims at 8:30am. Avoid swinging trades into Friday as PPI numbers could rock the boat before market opens. Dip buying spotted  “Jerome Powell already said he wasn’t going to cut rates in March. I think the problem was the markets didn’t believe him. They believe him now — that’s what came through in Tuesday’s market

$SPDR S&P 500 ETF Trust(SPY)$ An amazing 103% gain from 3 trades using the key levels posted a few hours before market opens expectinga choppy day on Friday. Have a follow for more wins from trading tips next week! Blessed weekend ahead 🙏 Trade breakouts with levels, VWAP & RSI Financials stocks outperformed on Friday, with the S&P 500 sector the only one trading in positive territory. The sector was up more than 1% during morning trading. Stocks got off to a solid start Friday, boosted by stronger-than-expected quarterly results. Those gains, however, didn’t last. JPMorgan Chase & Co (NYSE:JPM) Chase about 7% after reporting first-quarter results that beat analyst estimates on the top

Thanks to Tiger for awarding the weekly top predictions for SPY again. Are we ready for more amazing trades next week? Come join me! 😎 The CBOE Volatility Index — also known as Wall Street’s “fear gauge” as it approximates expectations for how much the S&P 500 will rise and fall in coming weeks — closed Friday at 14.60, its lowest since Feb. 19, 2020, shortly before the Covid pandemic closed the economy. Greed is good? 🤔 On the other hand, The SPDR S&P 500 ETF Trust (NYSE:SPY) experienced an outstanding $18.1 billion in net inflows last month, the greatest flow performance since December 2021, when the fund received $25.6 billion, according to Koyfin data. Green with envy 🤑 The ETF is the world's biggest with approximately $400 billion in assets under management. The inf

$SUPER MICRO COMPUTER INC(SMCI)$  - Positive cash flow & EPS - Part of IWM powerhouse  - Chart setting up for explosive move - Massive Semis & AI play into 2025 - SMCI CEO buddy with NVDA CEO - No big competitors yet - Good to invest in the near term - Or buy the dip when opportunity arises

Tesla Inc. (NASDAQ:TSLA) rose 4% amid rising optimism that the Biden administration could enact proposed Environmental Protection Agency regulations next month that might speed up the electric vehicle transition. ⚠️ Trading tips: TSLA calls in play above 200 and puts under 195 on Friday. Pay attention to PPI reading at 8:30am to determine the market direction. In addition, it’s OPEX Friday and Monday is a holiday, so most people could be away for a long weekend. Good to size down if trading later. Inverse head & shoulder to the upside  Tesla, the electric car manufacturer led by Elon Musk, may finally enter the Indian market soon. A new report suggests that the Indian government is close to finalising new import duties for global EV makers like Tesla for cars priced beyond Rs 30 l