Thursday May 02

Good morning,

The Pre-Market is Green today. Don't let the volatility at the opening bell change your decision on what to trade. Use your strategy and stay disciplined, if you don't have a cloud entry then you stay patient and wait. The only way you can win is if you stick to your game plan and block the noise from the news, social media or the moon chasers.

NIO

Bullish Indicators

  • Above the Daily Cloud
  • Above 200 EMA on the 4HR chart



CRNX

Bullish Indicators

  • Above the Daily price cloud label
  • Above resistance level


JOBY

Bullish Indicators

  • Above the Daily price cloud label
  • Found support


This information does not constitute financial advice. I share trading ideas, and their success depends on unpredictable catalysts. If you decide to participate, please set both a Stop Loss and a Take Profit.

I want to emphasize that the focus list below represents the assets I'm monitoring at the market opening. It's essential to clarify that their presence on this list doesn't necessarily indicate that I'm making purchases. Rather, I'm keeping an eye on them for potential swing trading opportunities.


INVERSE ETFS

If the market starts to show weakness then play these Inverse ETFs for a quick intra-day trade (Do NOT Hold Overnight) Last week we had major intraday swings on many of these inverse ETFs. For instance, one-day SQQQ swung 9%. Best way to play these is when the market opens flat or green and then begins to show weakness.

When the technology Sector is showing weakness: 

 SQQQ:  INVERSE -3x

 TECS:   INVERSE -3x

 CLDS:   INVERSE -2x

 WEBS:  INVERSE -3x

 When Financial Sector is showing weakness:

 FAZ:    INVERSE -3x

 BNKD:  INVERSE -3x

When Semiconductors are showing weakness: 

 SOXS:  INVERSE -3x

 When S&P 500 Showing major weakness:

SPXS:  INVERSE -3x

 SH:    INVERSE -1x 

 SPXU:  INVERSE -3x

Complete and Continue