Trading Plan | Week of August 10th
Where the NASDAQ trend stands, plus 10 names on the Focus List.
TLDR: The Qs finally confirmed their uptrend and then held the 50-day moving average on the retest, so I ramped exposure up hard on breakouts and earnings gaps. Ten names on the Focus List, eight of them positions I already own.
Welcome back to the Weekly Trading Plan. Here’s what we’re covering:
Market Pulse. Why the Qs finally gave the green light, and how hard we pressed it.
$SNOW [HOLDING]: our biggest winner, and far too extended to touch.
$AMZN [HOLDING]: two gaps up, one of them filled, one line that matters.
$CIBR [HOLDING]: the ETF I bought after getting shaken out of Palo Alto.
$HPE [NEW]: bought the upside reversal, waiting on a handle to add.
$NVDA [NEW]: gapped through its pivot in the middle of the base.
$TWLO [NEW]: strong earnings gap, very wide day, scaled exit.
$TEAM [NEW]: a 35% gap after five months of nothing.
$NTRA [NEW]: 21% gap out of a high handle above the 200-day.
$DELL [WATCHING]: stopped me out, then reversed hard the next day.
$SHOP [WATCHING]: retesting the gap day highs after a fundamental turn.
Closing Thought. Trading the market in front of you.
How we trade these names. This is not financial advice. Be sure to do your own research. Managing risk should always be your priority, and that means never blindly buying into names you see on a newsletter. Build your system and follow your rules.
Let’s get into it.
