Good morning readers!
So much opportunity yesterday with many tech stocks rallying off the back of Microsoft increasing the price of using their AI. This is a move that they have realized the adoption of AI is large and the consumers may be willing to spend money on a monthly basis. Overall, this will be a short lived catalyst and it seems to be more of a cash grab. Moving over to Tesla, quite the rally we were looking for leading into todays earnings. Currently up 14 handles above when I said we are due for a tremendous earnings report. It must be known that China has pushed out the EV tax credit which will be a major boost to sales just like in the US. By end of week, I see this trading above 350 as long as indices can remain bid.
Outside of earnings all the stocks are relatively holding high in terms of uptrend which leave the uptrend thesis valid. Once we start to see this trend crack I will post charts to show exactly what were looking for. The profiles may look different but the trend will always be apparent. All we will look for is that break of upper value and then remaining below it.
Gold was a massive winner yesterday blasting through our targets hitting a high of 1988, 31 handles above level given yesterday. Further upside potential is due as long as we remain near the highs put in yesterday. Oil on the other hand found support and resistance between levels before breaking higher and making long level support overnight. Further continuation is also in play as long as we remain above this same level.
Nasdaq and Emini blasted through target beating my expectations for the session. As long as you stick with the trend then these large moves will only be in your favor.
Just a heads up before moving on to the levels for todays session. Currently feeling the worst I have in my life and have yet to get any answers on what is going on. Honestly scared but I need to keep my head high. So much support was received over on twitter and I can’t you all enough. Were in this together and I will do my best to get back to 100%. As I get more info on what is going on I will be filling you all in. From the bottom of my heart, Love to all of you!
Now let’s move on to the levels.
Scanner (Finviz)
Events
Earnings
Value Areas (Monthly Timeframe)
S&P500 (ES)
4381 - 4540 / POC 4467
4206 - 4304 / POC 4280
4095 - 4192 / POC 4153
3880 - 4048 / POC 3951
NASDAQ (NQ)
14741 - 15225 / POC 15116
14301 - 14618 / POC 14484
13817 - 14177 / POC 13861
12813 - 13461 / POC 13080
GOLD (GC)
1958 - 2042 / POC 1997
1906 - 1947 / POC 1924
1762 - 1888 / POC 1844
OIL (CL)
84.74 - 90.29 / POC 88.07
68.04 - 83.79 / POC 80.42