📺 $NVDA Continuation Short & $QQQ Lotto Trade For This Friday
From Live Trading Room (06.24.24)
In this short clip from Live Trading Room (06.24.24), I discuss the market movements of Nvidia and the Q's.
I posted this for clients:
"Nice continuation short in NVDA from $138 wkly trend long PT and perfectly positioned LRE short at $140.75 gap high Thursday morning. We tagged $130 with ease Thursday, then filled $126.88 daily gap fill Friday with a close above both 3+8D EMA, setting up nice continuation short into 21D near 121.05 hrly gap fill. HIT. Now I would expect wee digestion before continuing lower into 116.53 H gap fill and 115.82 W support. Once that breaks, we have 10W near $110.38 Hrly gap fill support.NVDA was clearly on its own planet running higher and now lower, as semis take a pause and equal-weight NASDAQ plays - with value - pop up. This is called ROTATION, as predicted from my GROWTH: VALUE roll-over call last Thursday."
I also noted the $QQQ lotto trade this week for Friday:
"Staying below 479 brings 466 with overshoot to the 460 area."
00:00 Nvidia's Influence On Market Strategies
00:59 Pre-Market Analysis And Nvidia's Price Targets
01:52 Market Analysis For Upcoming Trading Week
02:38 Detailed Market Predictions And Strategy
03:34 Insider Selling And Institutional Actions In Nvidia
04:32 Market Trends And Analysis Of Nvidia's Performance
05:29 Continuation Of Market Analysis And Nvidia's Role
06:23 Gap Fills And Market Movement Analysis
About my CLUB trading service
CLUB provides access to me and my team of professional macro & micro traders, analysts, and educators. CLUB is ideal for active Traders, Investors, and Institutions who want my best-of-breed market-timing calls across all asset classes and time frames, like chase, swing, and trend.
You get access to the Daily Live Trading Room with me, Slack Trading Desk with detailed analysis and trades, Custom Trade Support when you needed, and much more.
Get The Trade Before It Happens!
Sign up for CLUB today
My other services
EDGE for advanced traders and investors
CHASE for newer traders