AdvancedPlays

AdvancedPlays

GME sold off quite a bit today, but has remained resilient and is holding this trendline. I think the AMC share offering had a lot to do with it and I have a feeling we're not done yet. If it breaks below this trendline I would get out of the way though.

AdvancedPlays

An update to my previous idea on ARM. It has broken to the upside and is now retesting the flag. Looks good for longs, but if it doesn't hold there could be opportunity on the short side as well.

AdvancedPlays

VX had a big move down after CPI and also has the contract rollover. It's a ways off resistance now, but it'll most likely revisit the area at some point soon, so I'll be watching this to take a long on ES when it gets there.

AdvancedPlays

Today could be the day silver finally blows. It's stalling at the previous high from the last run up now. If it breaks, things could get out of hand.

AdvancedPlays

Today's trade plan will be very simple. I'm looking for a break and retest of 5300 for longs and shorts if it fails to sustain and break above 5300.

08:03

AdvancedPlays

Another green day for the challenge account, ended up with about $94 total P&L for the session. Most of it was made on a QQQ long and took a small loss on PYPL. I got over these trades and talk about my expectations for CPI tomorrow.

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SNOW gapped up over a descending trendline today and has held on a retest. If it continues moving lower, I expect it to hold again.

AdvancedPlays

All of my trade setups will always depend on VX. It had been extremely weak since the market bottomed in April, but it was strong today and that put a lot of pressure on ES. VX rejected at the 13.85 level in had been watching. This is the make or break level for the short term IMO. If it's strong again tomorrow I'll be looking for puts on SPY/QQQ, but if it...

AdvancedPlays

NQ looks very similar to ES. Ascending channel break + double top at supply. If NQ breaks below 18240, I like shorts, but longs above. Long tsrget is the previous double top. Short target would be the trendline below or potentially 18,000.

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ES just broke below an ascending channel and made a double top at supply. However, it's still holding above 5240 so I think it could end up bullish, we have a descending trendline now that could lead to a breakout as well. I'd look to long if above 5240 with a target of the previous double top/supply. If it breaks below 5240, I like shorts targeting demand near...

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I love this stock for a long term play and there's a good setup here on the shorter term time frames as well. I expect this stock to be among the strongest if the market continues to rally.

AdvancedPlays Updated 

GME broke out of a bull flag on the 1hr this morning and rejected pretty hard, but held perfectly on a retest. Looks ready to try another leg up soon.

AdvancedPlays Updated 

SNOW looks like it is ready to run up into earnings and some of its conferences where they plan to announce plans for the future, NVDA will be a part of it. SNOW has shown some weakness the last 2-3 days, but the long term picture is still bullish unless NQ rolls over.

AdvancedPlays

This is a trade recap from day 1 of my small account options challenge. Aiming for $50k profit with a MIL:1K account. Only made $33 today, but can't complain because of how choppy things were. Happy to have a green day and I'll slowly scale up my size and risk so I can have some bigger winners. Defense is the most important for now.

AdvancedPlays

BTC has been weak lately and is forming a bear flag now. I'd expect a break below and a retest of the GETTEX:59K area before starting another leg up.

18:37

AdvancedPlays

Weekly analysis video including my thoughts about the upcoming economic events and price action on the S&P and Nasdaq.

AdvancedPlays

QQQ was looking great on Friday morning, it finally managed to break out above its bear flag and a downtrend it had been in since April. Unfortunately for bulls, it quickly rejected after consumer sentiment was released. Having a fakeout like this will usually lead to a larger move in the opposite direction, but I need to see more confirmation. I'll be looking for...

AdvancedPlays

NQ failed on a breakout attempt last Friday morning. It hit the top end of supply and trendline resistance at the same time, right before consumer sentiment data was released. Price precedes news. Here are some bullish and bearish scenarios I'll be watching for this week.