Bulls Vs Bears? Will The Bears Take Back Control Of The S&P 500 Today? What To Watch For Today
Bulls Vs Bears? Will The Bears Take Back Control Of The S&P 500 Today? What To Watch For Today
Will the bears take back control? Key Levels
Good morning, everyone,
This week has been a massive week for us in the stock market with NVDA 0.00%↑ flying and QQQ 0.00%↑ pivoting over a key area $285!
On Sunday I was blunt with you all. Stop being a talking head. Stop making decisions over media headlines and marketing tactics.
I am not here to pat you on the back. I am here to tell you how it is and many people on social media are focused on news and macro events but, yet they are trading short term.
If you are a short-term trader, you should be only focused on price action!
If you are focused on macro or news headlines from talking heads, then you will have a bias and miss the massive moves!
Did you miss massive swing trades because you sold too early due to the fear of a recession or market crash? Stop forecasting events and start reacting!
Despite the so called ‘crash of 2008 2.0” or a “recession” we have managed to call many massive multi month swing trades.
Earnings Season
With earnings season now here we are back in full force because this is where we shine!
We have a very successful track record of finding massive movers because of our due diligence we conduct to find the high growth stocks in any macro condition!
The media is focused on MSFT 0.00%↑ and big tech earnings I am focused on the new less mature companies' earnings!
QUICK LESSON
Mature stocks have decades of earnings making it very easy for analysts to forecast their earnings beforehand and in result it is already priced in, and the stock doesn’t move as much!
BUT…
Newer companies have less history for analyst to help them forecast meaning it is harder for the big whales to price in the earnings. In result, the newer less mature companies tend to have larger moves on good earnings results due rapid accumulation!
We are excited to find the winners of earnings season and share it with everyone!
Lastly before we get into our morning briefing, make sure to subscribe to us if you have not already.
Current Market Commentary
I always and only trade on the side of least resistance.