Our updates Archives - E-club TRADING

$MSFT was a great swing from below $260. It is a bit extended from the moving averages so be careful buying a dip today. Let it consolidate recent gains first.

With futures currently flattish see if $GOOGL can continue to play some catch-up to its peers. $119.69 is the next resistance area to watch

The Nasdaq posted its best month since 2020. See if the new monthly inflows can drive prices higher. Consolidating recent gains will be a win for the active bulls. Watch $AAPL, $TSLA, $AMZN and $GOOGL for clues

With futures higher this morning see if early strength holds and whether intra-day dips can continue to offer good entries for day trades. The semi conductor stocks need to participate in order for this rally to gather some steam!

With futures sharply lower after yesterday’s big gains on Wall Street, see if early weakness gets absorbed and some leaders attempt a red-to-green type of trade. Watch $TSLA, $GOOGL and $MSFT for clues

The relative weakness in $TLT this morning may have a negative impact on tech and growth stocks. See if early strength fades once again or if the active bulls can pack and fill at least up to the 8EMA.

In 2022 most gaps up have been sold by the active sellers. See if this move in pre-market is any different. Use Friday’s highs as the first line of support.

The FED starts quantitative tightening today. See if the market already priced it in. After yesterday’s digestion day, see how the new monthly in-flows affect the overall tape. Watch the small caps and semis for clues

With futures currently higher, see how the market reacts to the FED minutes and $NVDA after hours. Nordstorm’s better than expected guidance is a relief after the disappointment from $WMT and $TGT.

After yesterday’s Doji candles, futures are higher ahead of an important options expiration. The overall pattern looks similar to the one from the second week of March. Have the bulls trapped the bears?

Futures are lower after yesterday’s liquidation event. Watch $AAPL and $MSFT for clues if we get a capitulation move. Difficult to press shorts, wait for some price discovery in the first hour of trading

With futures currently lower see if some leaders from yesterday offer a red-to-green type of trade. On our radar are $AAPL, $MSFT, $TSLA and $AMZN. Keep an eye on $GOOGL and $FB to see if they play some catch-up after the inside day

After a 20+ points rally in the $SPY, we may be due for another inside day before moving higher. Make sure to trim into strength and get out of the way in case major support areas do not hold. $406 is important for today!

Today we may have an important inflection point in the overall market. Can the active bulls regain momentum and close above Friday’s highs showing that yesterday was just a consolidation day? Or, will the sellers return and push the indices towards Friday’s lows therefore erasing the recent gains from Thursday and Friday? Futures are currently higher, suggesting that we will be due for another tug-of-war type of day.

With futures lower this morning following an oversold bounce on Friday, see how much of the recent rally the active bulls can defend. $SPY 400 and $QQQ $300 are important levels to watch

After yesterday’s reversals, futures are currently higher confirming our hypothesis that the market has found a trade-able bottom for now. See if early strength holds and watch the small caps and semis for clues.

One hour before the opening bell the latest CPI data will be published. This reading is vital for understanding if inflation has reached a peak and whether it shows any signs of subsiding. Analysts expect an increase of 0.2% compared to last month and an yearly increase of 8.2%. If the numbers show a slight decline, suggesting that the FED’s policy of fiscal tightening is working, one may expect an oversold bounce in most sectors

Bitcoin reversed last night as it reclaimed $30K. See if it stays above $31K for overall sentiment in tech and growth names. A move above $32.9K will be a bullish signal across the board.