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Table of Content
Insights
Real-time trade alerts
Discord Profits
SQ
Bought $SQ for $230. Sold at $270 (26% return) per contract
AAPL
Bought $AAPL for $390. Sold at $650 (66% return) per contract
Economics
U.S Sustainability
Very Informative info regarding the U.S. dollar.
Is it a lot of information? Yes.
Does it give you important context as a market participant? Yes.
Take a look, then view our brief summarization afterward.
Key concerns are
- Continuous Deficit Spending
- Increasing Debt Levels
- Dependency on Debt Issuance
- Inflationary pressure
- Escalating Interest Payments
This debt and deficit spending cycle is unsustainable and can lead to an economic downfall.
Note: This doesn’t mean I am bearish on the market. The market occurs in waves. Certain levels are supported by interested buyers until broken and treated as resistance.
Example of a support turned resistance moment.
Understanding support and resistance levels and knowing what levels are most attractive to buyers and sellers can be more valuable than all of the bullish pennate and wedge patterns that YouTube tells you successful traders use, etc.
There are many reasons, including the inconsistencies in how often a pattern follows through. Many of these patterns work well during a bull market like 2020, but when the market gets volatile and unpredictable, like 2022-2024, many pattern traders disappear.
More valuable:
Watchlist
Free Watchlist
$BABA - Earnings on May 15th. We bought equity at $73. Now 81.
Looking for continuation. (view details)
$TSLA - $TSLA and Elon finally made the market happy. (view details)
$SPY - The magic number is 510.40 (Sent last week. View Here)
We closed last week above this key level. I do expect continuation into 514-15.
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Weekly Roadmap
On Deck:
Charts, Levels, Ideas, roadmaps for investing, futures trading, and options swing trading.
Observations:
Key Chart for this week. (E-mini June Contracts)
Before
After
Our Key Level 5120-30 was supported by the EOW.
Upside bullish target is 5200
As long as we close above 5130, I will remain bullish to target 5200.
We have jobless claims data on Thursday. I see the market giving us two scenarios.
/ES
We gapped up Monday and traded into the 5200s early in the week. This could lead to us facing resistance by the end of the week.
We open down or flat on Monday and wait to see if buyers step in near 5150 (for a scalp) or 5130 for a couple-day swing trade.
$SPY
The magic number is 510.40 (Sent last week. View Here)
We closed last week above this key level. I expect continuation into 514-15 as long as 505-507 holds support.
If you read the premium levels last week, you will see that our plan is similar. We expect 5200-5210 as our bullish target. (Last week’s read.)
$BABA - Earnings on May 15th. We bought equity at $73. Now 81.
Looking for continuation.
This company usually does not perform well when they report earnings. However, this time, it could be different with the announcement of the Share Buybacks; if this stock is trading 85+ before earnings, I will not add to my position.
$TSLA—$TSLA and Elon finally made the market happy. If 176-177 can hold on to any pullbacks this week, a retest to 190 is possible if the general market reverses.
$SPY - The magic number is 510.40 (Sent last week. View Here)
We closed last week above this key level. I do expect continuation into 514-15.
Updates are pending for Wednesday and Thursday based on which levels are tested.