The Post-Fed Break Out Continues…

Relative strength stocks continue to break out after the Fed cut rates.

When semiconductors (SMH) break higher, along with Microsoft (MSFT), Amazon (AMZN), Netflix (NFLX), Meta (META), Tesla (TSLA), and Broadcom (AVGO), this relative strength is a bullish sign for continued upside price action.

There’s also a difference between where traders and investors should focus.

Charles and I also look at a dumpster fire stock that has gotten crushed, to discuss potential upside targets and macro reasoning. Let’s discuss Dexcom and why I think this one could start recovering.

Up Next...

A Temporary Goodbye

I hope this message finds you well! I wanted to take a moment to share some personal news with you. As many of you know, I’m expecting, and it’s almost time for me to welcome a new addition to my family! As a result, I’ll be stepping away from my weekly market updates to go … Read more

Bitcoin to $80,000?

Hey traders! I’m spying a daily and weekly squeeze in Bitcoin, and it’s a stone’s throw away from breaking critical resistance at $70,000. If it can break through $70,000, we should go upward to $80,000. Coinbase (COIN) is also breaking out! Learn more in the video below:

NFLX: Taking Profits (A Follow Up)

Hey traders! Last week, I posted a bullish Netflix (NFLX) setup at Five Star Trader. At this point, this trade is making targets, and I’m taking profits. What does that look like? Well, Netflix has hit just below my price target of $730. My put credit spread, and my butterfly has two days remaining. One could … Read more