Good evening, readers!
Both the Emini and Nasdaq exhibited strong performances in the recent session, with prices barely dipping below the expected levels. Impressively, the Emini not only set its High of the Day (HOD) at the long target but also recorded its Low of the Day (LOD) at the long level. This effectively encapsulated the entire session's range, marked by two surges towards the long target from 4502, complemented by a pronounced pullback from 4530 down to 4502, which signaled a second buying opportunity.
Meanwhile, the Nasdaq started on a high note, approaching my long target not once but twice, resulting in rallies of +100 and +120 handles, respectively. The precision of the order flow levels continues to be commendable. Even when there was a brief dip below the 15382 short level, the proximity of the long and short levels significantly mitigated potential risks. For a more detailed breakdown, refer to the section below where I've outlined the levels from yesterday that significantly influenced the day's trading dynamics.
ES Long 4502 > 4530
NQ Long 15401 > 15541
On the other side of futures, both Gold and Oil experienced remarkable ascents, meeting their respective targets and perpetuating the robust upward momentum observed throughout the week. Since my bullish shift at 1910, Gold has appreciated by an impressive 60 handles. Today's Oil trading dynamics were particularly noteworthy. The commodity marked its Low of the Day (LOD) precisely at my designated long level, and subsequently surged to the long target set at 81.79. This specific target was attained twice – once during the cash session and then again overnight (OVN). This consistent performance underscores the reliability of the predictions and the strength of the current commodities market.
GC Long 1959.8 > 1975
CL Long 80.81 > 81.79
Here are the results for the rest of the plan:
Google: +2 handles
Advanced Micro Devices: +2 handles
Meta: +3 handles
Apple: +4 handles
Nvidia: +16 handles
Microsoft: +3 handles
Tesla: +6 handles
Amazon: +1.5 handles
Contracts for all these stocks experienced significant movement, surging by several hundred percentage points. Notably, Nvidia and Tesla maintained their upward trajectory.
This emphasizes how orderflow adeptly captured the upward momentum, avoiding the short side for consecutive sessions. With volatility persistently surging, we may be in for another energetic session tomorrow. This could manifest as a continuation of today's momentum or a potential retracement. To benefit from such insights and guidance, it's crucial to be a subscriber. This ensures you're kept abreast of all vital levels and receive my comprehensive daily analysis, positioning you on the right side of the markets.
This was from yesterday which will also be in play for tomorrows session:
As volatility is just beginning to pick up, we might see even stronger movements to the upside, provided we maintain above the long levels daily. Some might view this as obvious, but these long levels are strategically placed to capitalize on key support, which, if breached, could trigger a significant pullback.
Sector Performance (Previous Session)
XLK - Technology: The Technology sector outperformed others with a significant +0.80% surge, indicating robust performance and positive sentiment towards tech-related stocks and companies.
XLY - Consumer Discretionary: The Consumer Discretionary sector, which includes companies related to non-essential goods and services, saw a healthy growth of +0.52%, suggesting increased consumer spending in luxury or non-necessities.
XLI - Industrial: Gaining by +0.30%, the Industrial sector, encompassing businesses related to machinery, manufacturing, and infrastructure, showed signs of a strengthening production environment.
XLRE - Real Estate: The Real Estate sector experienced a +0.20% increase, highlighting the market's confidence in property and real estate investments during this period.
XLB - Materials: The Materials sector, which focuses on companies in the chemical, construction materials, and mining industries, rose by +0.16%, showing a moderate uptick in demand for raw materials.
XLE - Energy: Posting a minor increase of +0.08%, the Energy sector, which encompasses oil, gas, and renewable energy companies, demonstrated some resilience in the face of fluctuating global energy dynamics.
XLP - Consumer Staples: The Consumer Staples sector, which includes companies related to essential products like food, beverages, and household items, saw a minimal increase of +0.03%, suggesting a stable demand for necessities.
XLC - Communications: Experiencing a slight dip of -0.03%, the Communications sector, covering media, entertainment, and telecommunications companies, hinted at minor market adjustments in these industries.
XLF - Financials: The Financials sector, which includes banks, insurance, and capital market firms, took a minor hit, declining by -0.09%, possibly reflecting investors' concerns over economic and interest rate trends.
XLU - Utilities: With a decrease of -0.28%, the Utilities sector, representing companies in the electricity, gas, and water supply industries, faced some challenges, suggesting potential regulatory or demand shifts.
XLV - Health Care: The Health Care sector, which includes pharmaceuticals, biotechnology, and healthcare providers, suffered the most significant drop of -0.31%, indicating possible market apprehensions related to healthcare dynamics or regulations.