π§ Stocks to Watch β July 17
Markets edged higher overnight with the Dow, Nasdaq, and S&P 500 closing in the green, showing continued resilience despite looming tariff and earnings risks.
π― Key Plays Today:
1. $NVDA β Momentum continues as China H20 sales resume. Eyes on $180+ breakout. Watch for dip entries around $170.
2. $TSM & $ASML β Earnings this week. Strong data center and AI tailwinds suggest pre-earnings run-up likely.
3. $CRCL β Rebounding from oversold zone. Any Ant Group confirmation may trigger a return to $200+.
4. $BTC & $ETH β Gaining steam after weekend consolidation. Crypto proxy plays like $COIN and $MSTR may outperform.
5. $QQQ / $SPY β Index ETFs steady. Option premiums inflated β possible short strangle or iron condor setups for neutral bias.
β οΈ Macro to Watch:
Fed speakers remain cautious. Market pricing in 1 rate cut by December.
US-China tensions remain, but market seems to be digesting tariff shock.
Oil and semis both green β rotation into cyclicals?
π§ Strategy Today:
50% into high-conviction momentum plays ($NVDA, $TSM)
30% lotto calls on $CRCL or crypto stocks
20% hedge with SPY puts or neutral spreads
π Pre-market setups are looking bullish β but volatility may spike with earnings. Stay nimble.
I'm not a financial advisor. Trade wisely, Comrades!
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