It’s a tricky tape heading into a loaded week. The Fed lands tomorrow, Meta, Microsoft, Apple, and Amazon all report, and the QQQ is fighting for dear life right at critical weekly support. The equal-weight S&P and the Dow look genuinely strong, but the QQQ and the Big 10 are the problem, and until that changes I’m treating the broad “bullish” read with a healthy dose of skepticism.
The number that matters most to me is the weekly 21 EMA. We’re sitting just below it for the first time since we reclaimed it back in early April, and momentum is a hair away from a negative MACD shift. Earnings can flip that in a hurry, so I lay out both paths: the bullish case where they reclaim $690 to $695 and stabilize, and the bearish case that opens the door toward $650 and lower.
I also run through the trades we just closed in the alert room, a clean Bitcoin futures squeeze, a stacked JP Morgan setup, and a 40% winner on Amgen, plus the ranking system behind them and why Lily is the name I want for the next long.
Full breakdown is in the video below.
Stay Focused,
Taylor Horton
It’s not an easy market, but we’re still kicking butt in the alert room, over a 74% win rate on the last 150+ alerted trades. Wednesday night at 6:00pm Central, I’m breaking down exactly how it works: the entries, the exits, the criteria, and why I think you should give the alert service a shot. Bring your beverage of choice, and join us HERE.