To The Moon

Market Context (July 23 Close)

Indices Performance:

S&P 500 (SPY): Closed at $634.21 (+0.85%), near all-time highs.

Nasdaq (QQQ): Gained 0.46% to $563.81, driven by tech strength.

Key Catalyst: U.S.-Japan trade deal optimism fueled risk appetite 210.

Sentiment: Bullish bias persists, but IV levels signal caution in mega-caps (e.g., TSLA IV 62.7%).

Top 3 Day Trade Candidates

(Technical + Options Data-Driven Analysis)

1. NVIDIA (NVDA)

Price Action:

Closed at $170.78 (+2.25%), recovering from a dip to $164.58 on 7/22.

Resistance: $171.04 (7/23 high). Support: $167.97 (7/24 low).

Volume & Momentum :

Rising volume on upside days (92.55M shares on 7/24).

RSI: 62 (neutral-bullish).

Options Insight:

Call/Put Ratio: 1.51 (bullish bias).

Notable Activity: Heavy buying in $165–175 strike calls for August expiry.

Trade Plan:

Entry: Break above $171.50 (confirmed momentum).

TP1: $174.25 (52-week high).

SL: $169.50 (below 7/24 low).

Risk/Reward: 1:2 .

2. Tesla (TSLA)‌

Price Action:

Closed flat at $332.56 (+0.14%), trapped between $328.67–336.20 .

Key Level: Breakout above $336.20 targets $340.

Options Signal:

High IV ( 62.72% ), suggesting event risk (e.g., earnings anticipation).

Bulk orders for $350 strike calls (August expiry).

Volume Correlation:

7/24 volume 1.11x avg. (92.55M shares), signaling accumulation.

Trade Plan:

Entry: $333.00 (above 7/24 close).

TP1: $340.00 (psychological resistance).

SL: $328.00 (below consolidation range).

Risk/Reward: 1:3 .

3. Amazon (AMZN)

Technical Setup:

Closed at $228.29 (+0.36%), testing resistance at $228.38 .

Support: $225.65 (7/21 low).

Options Activity:

Call/Put Ratio: 2.15 (strong bullish bets).

Concentrated buying in $235–240 calls (August expiry).

Catalyst Watch:

Retail sector strength post-trade deal 2.

Trade Plan:

Entry: $228.50 (break of resistance).

TP1: $232.00 (next liquidity zone).

SL: $225.65 (swing low).

Risk/Reward: 1:1.5 .

Key Risk Factors

TSLA’s Elevated IV : High volatility may trigger sharp reversals.

SPY/QQQ Overextension : Indices near ATHs; watch for profit-taking.

Pre-Market News : Monitor EU-U.S. trade talks (deadline: Aug 1) 7.

Conclusion

NVDA and TSLA offer high-momentum setups with clear technical levels, while AMZN provides a lower-risk, breakout play. Prioritize strict stop-losses amid elevated IV.