Momentum Momentum in the market is one of my favorite setups to trade, and that momentum can come through short squeezes. What is momentum? Momentum is typically a greater-than-expected move that occurs in an individual equity, index, or sector. The moves in individual equities, particularly in equities that can be more volatile, are generally bigger … Read more
Shares of Nvidia (NVDA) soared today after the company reported earnings that were well above estimates. Most impressive however, was the company’s estimates for next quarter’s revenues which was more than 50% above Wall Street estimates. NVDA cited surging demand for its chips that help with artificial intelligence applications and the stock is poised to … Read more
The Consumer Staples sector closed below its key 50-day moving average today and is on track to be the worst performing area for the week. This underperformance began last week and was along with other defensive areas of the market such as Utilities and Healthcare. At first glance, it appeared as if last week’s 4% … Read more
Identifying Opportunity in Chop When the market is choppy, it can be a bit frustrating for those of us traders who love identifying directional moves. But, as we know, the market chops around 80% of the time and spends the other 20% of the time making big moves. It’s our job as traders to … Read more
A Video Update Last week, we discussed the move in Google, both before and after Google’s AI event. While I continue to like the stock long-term, Google did demonstrate a bit of exhaustion today. It hasn’t fully triggered a pullback move, but I’m watching and waiting for a potential pullback play. I discuss this, including … Read more
Google – A Long-Term View During volatility, specifically during a bear market, it can be hard to focus on the long-term trends and longer-term view. I know as much as the next person how challenging it can be to watch your 401k balance take a hit, equities trade lower, and news headlines focus on negativity. … Read more
Mega-Cap Tech Follow Up The core of mega-cap tech earnings are behind us, and I have to say I am more than pleased with the results. We knew growth would slow. Even though slowing growth isn’t great, what is great about it is that it was expected. What the stock market hates most is surprises! … Read more
Apple Earnings Today after the market close, the last of the major FAANG stocks, Apple (AAPL), is going to report earnings. Last quarter, AAPL missed estimates on almost every line item, as larger macroeconomic forces caused slowing sales in iPhones, Macs, iPads, and more. This quarter, I anticipate more of the same, as the broader … Read more
A Short Squeeze Request This week, I received a request on Twitter to discuss a potential short squeeze ticker on earnings. I took a look at my Earnings Watchlist and checked out these tickers one by one, looking for my favorite short squeeze criteria. Check out the list below: Wingstop (WING) Wingstop is reporting earnings … Read more
Mega-Cap Tech Earnings It’s been a busy week of earnings reports. So far, we have seen big moves post-earnings in Microsoft (MSFT) and Meta (META), with Amazon (AMZN) up today after the bell. Check out my thread for more analysis on the initial post-earnings MSFT move below: While the initial move was impressive, the continuation … Read more