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 illustrate this point… Read More »What A Market Character Change Means For Apple (AAPL)
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 way, there… Read More »3 Main Reasons We Love To Trade Nvidia (NVDA)
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 opposite. This may… Read More »Is Tesla (TSLA) About To Pump The Breaks On Its Latest Rally? ⎯ This Chart Suggests It Might
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.… Read More »The 3 Possible Outcomes For This Trade Due To FOMC