What an exciting week we just had in the markets. We’ve seen some real volatility and range as we enter the latter part of earnings season. SMCI filed its compliance requirements in time on Tuesday evening, and NVDA had earnings on Wednesday. The market had a different reaction than it normally does to NVDA which can be a sign of a different market regime.
We have also seen several single day wonder charts such as YYAI, WAFU, ENVB, etc – It has been a fantastic market as the opportunities offered really cover a wide array of trading styles. You can be a long setup trader, short, big timeframe, small timeframe, etc – pretty much there has been an opportunity daily.
And let’s not forget the Crypto Strategic Reserve headlines today that has revitalized BTC and the rest of the sector. There should be a ton of range all over the market so let’s dig into some main watches.
Also, Traders4ACause is having a March 13 regional meet-up in Miami! Tickets are still available so if you’ve been looking for a good reason to meet up with great traders to support important charities then we encourage you to check it out. Tickets are available here.
Video Scan & Game Plan
Main Watches
NVDA Massive run into close on Friday, large buy imbalance sent it higher. Ideally gap slightly and recheck in with 130s over/under.
SMCI Not sure much has changed about their business, so I think this was just a run up into filings. Higher time frames probably work best for entry spots for downside continuation.
RGTI Reports earnings next week. Will monitor for a similar trade setup as IONQ → breakdown below Jensen’s comments low. QBTS IONQ also on watch for moves lower.
BCG Liquidity trap potential, although a history of failing to make a second move so would want to see some confirmation before assuming it will have another move up.
TRNR Reactive trades into Monday. Squeeze potential as shorts rotate into it and don’t get let out. Also T+1 style potential Monday / Tuesday so confluence of factors could cause a big move up.
TLT Bonds are getting a bid with the recent market volatility. If we have a growth scare in the economy with the austerity, tariff wars, and layoffs happening in government, bonds could continue to run in anticipation of rate cuts. On watch for calls.
PLTR Likely setting up for either a big bounce if markets get a footing, or a big failed follow through on the daily and next leg lower. Open to either case.
BABA Possible trend change and unwind if tariffs and US markets slow down. IF we get continued weakness it will be a top watch for puts, but need to see the action day to day. Not worth fighting if it’s not agreeing.
AAPL One of the stronger names of the large tech companies. If markets ramp this week it could be a leader to the upside.
APP Had a massive mean reversion down to a major level due to short reports and air coming out of overvalued stocks. Feels like it has a 100 pt move coming in the near future depending on how the market trends.
MSTR COIN And the rest of the crypto basket will be on watch with the strategic reserve news. Either gap up and fade or a new trend higher but BTC would need to hold and push past $100K most likely.
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