Daily Plan 2.16.24

Welcome back everyone!

I made the mistake of mixing up the dates as I thought Presidents day was tomorrow ut it is actually on Monday of next week. So trading will continue for Friday but will be closed on Monday. Just a reminder that all federal holidays are days that I do take off so there will be no Daily plans posted for those sessions. Here is the rest of the years holidays:

Now moving back to how todays session went!

The E-mini remained supported from yesterday's session, along with the Nasdaq, but it wasn’t able to hold support at highs as strongly. Throughout the session, we witnessed a massive surge in AAPL, which spiked the Nasdaq right up to the long target, setting the session's high. Not only did AAPL show strength, but TSLA also had a tremendous session, moving over 13 handles to the upside, breaking above 200. On the commodity side, both Oil and Gold didn't show any continuation moves from their previous levels.

Shifting focus to stocks, AMAT and DE surpassed the ER targets I shared on Sunday. SMCI, which I suggested when it was in the 400s, is now trading above 1000, marking a major rally that developed within weeks. SPGI, recommended at 364, traded all the way up to 470. Many other winners were provided, along with stocks on the downside. In terms of intraday stocks, AAPL sold down 3 handles below the short level before rallying right back up to the short level at the end of the session. MSFT broke down over 6 handles from the short level, closing the session nearly at the lows. META rallied over 16 handles above the long level, which was the session's low. AMAN sold down from the short level for nearly 4 handles of downside. GOOGL gapped down, which didn’t see the price get back to the short level in the cash session but ended the day with 5 handles of selling to the lows.

Overall, today was once again a great session with some opportunities emerging towards the end.

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