Sorry Shorts We Got a Ripper
Big Earnings Day plus Thursday Watchlist
TLDR: Thursday Watchlist at the bottom of the post.
Tomorrow we have another big day. Unemployment claims will be released premarket and postmarked we have AAPL 0.00%↑ , AMZN 0.00%↑ , and GOOGL 0.00%↑ plus QCOM 0.00%↑ all reporting earnings.
This afternoon META 0.00%↑ came in and blew expectations out of the water. The stock is up over 20% after hours and is pulling the rest of the tech sector up with it.
Tomorrow we could see very strong follow thru with the action today plus the strong META ER reaction.
Today’s Watchlist Results:
Quite the amazing day. Nothing special was done to get the mega gains. Everything came from directly off the watchlist out of this newsletter. The longer I trade, the more I realize simple is always better. Just do your homework, stick with your plan, and keep your emotions in check…nothing more is needed to succeed.
If you struggled today, let’s figure out why. It is unbelievablely frustrating when you are the one struggling and it feels like everyone else’s portfolio is mooning. If you are stuck or need help, please leave a comment below or shoot me a DM on twitter. We have all been there.
#ES E-Mini Futures
Upside: **4180**,4215, 4260, 4300
Downside: 4110,4080, 4050, 4020*, 4000,3980-3975, 3950, 3915*
Today was all about the levels. We went level to level all day. The key to today was seeing buyers stepping in every time 4050 got tested. That was the big clue that a move higher was primed and ready. Before FOMC release, 4080 acted like a magnet as it has been all week. We finally broke thru, had a mild test at 4100 then got another pause at the big 4125 level. From there we ripped higher, not quite making to the next resistance point at 4180.
If the market opens with strength