The weekly set-up is strong after last week’s strong close. The 4wk>10wk>30wk and QQQ closed back above its 4 wk average. And the GMI is at 5 (of 6) and still Green, see table below. The weekly 10.4 Stochastic is now=80.5, evidence of a strong up-trend.
My stock buddy, Judy, brought ALAB to my attention. It had an IPO, formed a green line top, and surpassed it on super high volume on Tuesday, after reporting earnings. Will it hold? Must not close below green line, at 95.21. By the way, so did PLTR. Screenshot Related Source link
Some stuff I am reading today morning: Cabinet resolution on explosion near Red Fort (PIB) Caution on Digital Gold (SEBI) Bitcoin is struggling (Bloomberg) India inflation cools to 0.25% (CNBC) GoI approves 45,000 Cr to boost exports (Rediff) The next chapter at Tata Trusts (Forbes) Stock Talk: Muthoot Finance (FE) We can’t have another 1929…
December S&P E-mini futures: The ES is headed much higher over the coming months. Support is 6500. QQQ: Support is 568. TNX (ten year note yield): The 3.75% level is support. A swing up to 5.50% is underway. Euro-US Dollar: The 112 level is support. Upside target at 120 was nearly reached. Bitcoin: Resistance is…
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click ↑ 4 Featured Cash-secured put trades can be crafted conservatively by using deep out-of-the-money (OTM) strikes. On 5/27/2025, I executed such a 4-day trade with NetEase Inc. (Nasdaq: NTES), a stock on our premium member watch list at the time. This article will analyze the reasons for trade entries, strike selection and final trade results….
Friday’s Big Runners: Last week was pretty great in terms of the day to day successes of the ideas we formulated for our daily newsletter, and the gems we unearthed for Friday’s premarket report were the cherry on top. We saw some really impressive intraday runs from each of those targets, with a couple of them making…