Daily Plan 2.15.24

Welcome back everyone!

Today's trading session was a whirlwind, presenting a challenge for those attempting to navigate both sides of the market. Both the Emini and Nasdaq indices offered signals for both long and short positions, resulting in mixed outcomes. While one setup proved successful, the other fell short of expectations.

Despite the initial struggle, the Emini managed to gain traction later in the session, rallying from the long level to reach the target, solidifying a profitable setup. Conversely, the Nasdaq showed signs of upward movement but ultimately failed to reach the long target.

Meanwhile, oil exhibited a significant break below the short level, plummeting over 200 pips and surpassing the short target, aligning with my expectations for a substantial move. Gold experienced a relatively robust downward movement from the short level, although it narrowly missed hitting the short target.

From a futures perspective, today's performance was average, as we capitalized on the opportunities presented by the market. In contrast, stocks demonstrated a more definitive response to key levels, whether in favor of long or short positions. AMD, TSLA, NVDA, and META witnessed substantial upward movements above the long levels. Conversely, AMZN, MSFT, AAPL, and GOOGL experienced sharp declines from the short levels.

Overall, today's session required adaptability and a keen eye for seizing opportunities, with futures presenting a mixed bag while stocks displayed more decisive movements.

Now, let's dive into the analysis for the upcoming week!