by adammesh | Oct 6, 2023 | News
Today’s stock hasn’t made it across our screens in quite sometime, but today, Lam Research (LRCX) makes its return. However, the timing couldn’t be much worse. With the release of non-farm payrolls and yields taking another leap higher, the market looks to once again...
by adammesh | Oct 5, 2023 | News
Looking at our latest options trade idea, Walgreens (WBA) looks to be providing us with one of our simple, straight forward setups we like to see so much. A clear resistance or support level helps us eliminate the rest of the noise caused by what else is going on in...
by adammesh | Oct 4, 2023 | News
After a brief leave of absence, we’re back and with more trades to get you back in the game. Today, we are looking at a stock that we seldom have on our radar, but with the setup we are being presented with. For Applovin Corp. (APP) we have a basic key level of...
by adammesh | Oct 3, 2023 | News
As we have discussed time and time again throughout past issues of our Daily Smart Report, when support is broken it often turns into a resistance level. The same is true when resistance is broken, it then becomes support. The trade we have on watch today should...
by adammesh | Sep 22, 2023 | News
We cover a stock like Nvidia (NVDA) so often for a couple of important reasons. It’s a stock in play: This means the market is paying close attention to this stock. Whether that means investors are buying up shares or traders are trading calls/puts on the name. Either...
by adammesh | Sep 21, 2023 | News
The damage of the FOMC and Jerome Powell’s announcement has been done and it sent the market crashing with some of the major indexes falling over 1% from the day’s highs. However, this doesn’t mean there aren’t any trade setups we should be looking for. Just the...
by adammesh | Sep 20, 2023 | News
Today is a special day in the market, some traders even refer to it as the “Super Bowl” of trading sessions. Today is the day of another FOMC meeting where the Fed is set to make their latest announcement on what it plans to do in regards to interest rates. They refer...
by adammesh | Sep 19, 2023 | News
Today, the market opened up pretty weak ahead of this week’s FOMC meeting. This weakness should validate the trade we have set for today with Lam Research (LRCX). For this trade, we are looking at a particular zone, instead of a level, between 640-650. This zone has...
by adammesh | Sep 18, 2023 | News
Last week, we highlighted Netflix (NFLX) as a potential short play, and sure enough, the downside played out just as we pointed out in this trade breakdown. After the key support level we were watching right around 397 broke down, we expect there to be a bit more...
by adammesh | Sep 15, 2023 | News
To end the week, we are looking at a stock that has been weak the past three days. Obviously this sets up a short opportunity on Netflix (NFLX) after a slide that has brought us down to a key support level of right around 397. The clear and obvious trade here would be...
