Daily Plan 8.15.23

Markets Close Higher in Line with Expectations - What’s Next?

Good morning, readers!

What an extraordinary session it turned out to be for our esteemed paid subscribers who had the privilege of accessing all the meticulously curated levels in yesterday's enlightening Flow State #39.

Flow State #39

We delved into numerous stocks that were strategically positioned for substantial movements, and it's truly gratifying to witness the precise execution of these forecasts. In fact, a number of them have already not only reached but also elegantly surpassed their designated targets, tracing their path upwards from the strategic foundation of the key support levels thoughtfully provided.

Let's delve into the remarkable accomplishments:

Nvidia (NVDA) exhibited an impressive rally, surging an astounding 43 handles above the specified level, even considering after-hours trading.

The NVDA contracts experienced a remarkable surge, soaring from 8.44 to 39, translating to a staggering +360% gain.

The intraday performance of Nvidia (NVDA) is vividly displayed here:

NVDA intraday

Broadcom (AVGO) also emerged as a star performer, rallying a notable 30 handles above the defined level, even when accounting for after-hours trading.

AVGO displayed an impressive climb, moving from 11.8 to 32, reflecting a commendable +200% increase.

The intraday journey of Broadcom (AVGO) is visually captured below:

AVGO intraday

What a thrilling ride it has been for a multitude of other stocks that are now in close proximity to their designated targets. I wholeheartedly urge you to circle back to Flow State #39 to ensure you don't miss out on any of these exciting developments. It's an opportunity to stay informed, unlike the Jen Psaki way!

Meanwhile, the Nasdaq splendidly hit the coveted 15280 target, wrapping up the session on a triumphant note, with the rally extending its momentum into the after-hours trading, amassing a remarkable gain of +204 handles.

The Emini, on the other hand, nearly grazed the 4520 target during the after-hours trading, embarking on a compelling +38 handle rally.

In a quantifiable context, imagine if you had engaged in 1 mini lot (equivalent to 10 micro lots) of NQ—your gains would be a staggering +$4,080. Similarly, opting for 1 mini lot (10 micro lots) of ES would have translated into a remarkable +$1,900 profit. It's noteworthy that I emphasize trading in micro lots until you've cultivated the prowess to handle a minimum of 3 mini lots, a principle that applies across both ES and NQ trades. This approach allows for finer risk management by scaling out portions of the trade as the target draws near, while retaining a runner for those rapid movements.

Shifting focus to the realm of commodities, Gold orchestrated a remarkable session, initially experiencing a dip in the cash session that gracefully navigated through the target zone, ultimately reaching the 1934 mark.

As we pivot to our Daily Plan stocks, their performance was, as expected, nothing short of exceptional, once again affirming the proficiency of our strategies. To truly glean the breadth of these achievements, I strongly recommend revisiting yesterday's post and engaging in a thorough reexamination.

In light of our remarkable progress, today's plan will maintain a more succinct format in terms of explanation. This streamlined approach reflects our seamless movement according to the projected trajectory.

Sector Performance (Previous Session)

In the realm of positive performers, the Technology (XLK) sector surged impressively by 1.90%, showcasing its robust potential to drive market growth and shape our digital-centric world. Similarly, the Consumer Discretionary (XLY) and Communications (XLC) sectors both displayed strong performances, recording gains of 0.95% and 0.94% respectively. These upticks highlight shifting consumer behaviors, changing preferences, and the sector's crucial role in facilitating communication and information dissemination.

Within the realm of marginal gains, the Industrial (XLI) and Financials (XLF) sectors both saw modest increases of 0.06%, reflecting stability in their underlying fundamentals amidst manufacturing trends, supply chain dynamics, and regulatory shifts. The Materials (XLB) sector also exhibited a positive movement of 0.46%, emphasizing its enduring role in various industries and providing insights into supply chain dynamics and commodity price fluctuations.

On the other side of the spectrum, negative performers included the Consumer Staples (XLP) and Utilities (XLU) sectors, both experiencing declines of -0.79% and -0.68% respectively. These downward trends might be attributed to shifting consumer preferences, changing energy consumption patterns, and regulatory considerations. The Real Estate (XLRE) sector also witnessed a decrease of -0.27%, potentially indicating fluctuations in property markets and real estate investment. Similarly, the Energy (XLE) sector saw a relatively modest decline of -0.22%, reflecting ongoing challenges and complexities within the energy landscape, including supply and demand dynamics and environmental concerns.

Markets Close Higher in Line with Expectations - What’s Next? (Including Target Earnings)