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...
by adammesh | Sep 14, 2023 | News
General Electric (GE) is not a stock we often look at, but due to the setup it’s presenting us, it could be a trade worth watching as we draw near to the end of this week’s trading session. On this trade, like many of the trade setups we look at, there are two key...
by adammesh | Sep 13, 2023 | News
Very often stocks we have looked at in the past make their way back on to our radars several days or weeks later due to the levels we keyed in on coming back into play. Today, we have a similar situation with United Parcel Service (UPS). Rewinding it back a couple...
by adammesh | Sep 12, 2023 | News
Like all our favorite trades that come with a straight forward setup, the chart for Procter & Gamble (PG), is setting up in a way that aligns with our trading style. That means, nothing fancy and nothing ambiguous, just an old fashioned test of resistance. This...
