Divine Money Trades

I look for areas of confluence on the daily and hourly charts for intraday trading, and on the weekly and higher timeframes for swinging. I use the full stack of indicators in the upper left of the charts, including SMAs, EMAs, Bollinger Bands, and the linear regression channel. Many times the SMA and EMA will converge, or form a narrow ribbon, and when price of the asset I’m trading approaches this area at the same time that $QQQ is approaching a similar area, there is added confluence. The 5 SMA on the daily and hourly is useful for dip buys on stocks that are breaking out, and the 325 SMA and 377 EMA sometimes give areas of demand or supply for more climactic moves. I only execute at these moving supply and demand zones, and I watch the tape when entering to confirm that price is building in my favor. I also use these areas to gauge my measured potential in the trade, as more space to the next line is beneficial for a bigger move. I use these lines to scale out of my position as well, and once I start taking profit, I typically use a breakeven stop on the remaining balance. In addition to these supply and demand zones, I look for things such as a tight daily channel, areas of congestion on a chart, Wyckoff analysis, harmonics, and other patterns I have come to recognize over the years.

$INTC had disappointing guidance, and even though I did not come in short this name, I was able to find a great short entry as it bounced up into short-term supply (arrow) 😈 Remember that low can go lower, and it's best to wait for evidence of buyers shifting momentum before going long 🔑

$MU rejected the daily 50 SMA (arrow), as I mentioned two days ago when I sold my swing runners 🤑 I did not flip short until yesterday, but I announced shorting Micron at $970 and $MUU at $29 on Spaces, and said I would hold this position all day into the close 🎙️ After $SNDK had a poor earnings reaction, I added more short at $925 and swung this overnight 😈 The daily 150 SMA (circled) is the next downside level of interest, where I will be covering runners and watching to see if buyers step up for a potential bounce trade 🦘

$NOW lost the daily 5 SMA (arrow) prior to earnings, and got sold off heavily after 📉 I was asked many times why I didn't just long $IGV and $NOW instead of daytrading $MU long and short, and I said many times that I did not trust the market to hold up without $SMH leadership 😈

$MU traded right up to the daily 50 SMA (circled), where I trimmed some of my long from Monday (arrow) ⚖️ As always, I protect gains by scaling when supply is rejected and raising stops 🤑 Expect volatility with FOMC today, major earnings this week, and midterm elections next week 🦘 Remember that another entry is always just around the corner if you stay paytient 💆‍♂️

$MU has reclaimed the daily 5 SMA (arrow), which is now starting to flatten out and curl back up, indicating a shift in short-term momentum 🦘 We have been buying dips on Micron at $888 and below, which is the key $1T level ♾️ I took several daytrades on the name, both short, and long, over the past few weeks, to capitalize on the downside range 😈 Micron needs to reclaim the daily 50 SMA (circled) for further upside expansion in the coming days and weeks 🔑 The last two FOMC meetings in July and September marked local bottoms, and I have been preparing for a similar scenario heading into FOMC tomorrow and midterm elections next week 🦘 I expect ongoing volatility, but as long as last week's low continues to hold, I will look to keep buying dips for swings 🏌️‍♂️

Monday: $VZ earnings at 7 AM, $CDNS earnings at 4:02 PM, $AMKR earnings at 4:03 PM, $RMBS earnings at 4:05 PM, $CLS earnings at 4:38 PM 💻 Tuesday: $UPS earnings at 6 AM, $KO earnings at 6:55 AM, $GLW, $GLXY, $JBLU, $PYPL and $SOFI earnings at 7 AM, Consumer Confidence and New Home Sales at 10 AM, $SKHY earnings after the close, $HOOD, $STX, $V, and $ENPH earnings at 4:05 PM, $CAKE and $BBAI earnings at 4:15 PM, $WM earnings at 4:30 PM, $TER earnings at 4:35 PM 🧠 Wednesday: $VRT earnings at 5:55 AM, $BSX and $GEV earnings at 6:30 AM, $APH earnings at 8 AM, FOMC Interest Rate Decision at 2 PM, Kevin Warsh Press Conference at 2:30 PM, $GOOGL earnings after the close, $MSFT, $CVNA, $KLAC, $VKTX, F and FTNT earnings at 4:05 PM, $NOW and CMG earnings at 4:10 PM 🪟 Thursday: CAT earnings at 6:30 AM, $LLY earnings at 6:45 AM, MO earnings at 7 AM, MA earnings at 8:03 AM, GDP, Jobless Claims and PCE at 8:30 AM, $AMZN, $MSTR, $RIVN, GILD and $INTC earnings at 4:01 PM, $SNDK, $RBLX, TWLO and $AXTI earnings at 4:05 PM, PINS earnings at 4:06 PM, $RDDT earnings at 4:07 PM, $COIN earnings at 4:10 PM ☺️ Friday: $CVX earnings at 6:15 AM, XOM earnings at 6:30 AM, GD earnings at 7 AM, Chicago PMI at 9:45 AM ⛽ All #earnings and economic calendar times in EDT ⌚

$MRNA halted down, and I went short Moderna at $213 after the halt opened and it bounced into declining supply (arrow) 😈 As I've discussed in previous posts, when trading halting stocks, your risk is always to the previous halt price ($215 in this case) 🔑 By the time you figure out the news, it's too late ⌛ I always say that price IS the news 📰 This trade only had $2 of risk for now over $30 of reward 🤑

$MU rejected hourly supply (arrow) on this morning's push, and I announced getting short at $906 on Spaces 🎙️ I am still holding most of this position, with my next target at the hourly lower Bollinger Band (circled) 🎯 This is nearly a $40/share gain from the entry in less than two hours 🤑 I have spoken extensively about an $830 target on Micron if it builds below the key $888 level, and that often-times the weekend or overnight lows get retested in the intraday session a few days later 😈 As always, I am keeping stops in profit so this trade cannot go red ⚖️

$QQQ failed to reclaim the daily 50 SMA (circled) yet again today, and I remain risk-off, as I have been all month ⚠️ The intraday range has been phenomenal, so my focus remains on daytrading while I wait for technical damage to be repaired before taking big overnight swings 🏌️‍♂️ There is no need to catch the absolute bottoms or tops, as most of the money is made in the middle 🥩 Stay paytient, and preserve your mental and fiscal capital 💆‍♂️

$TSLA rejected the daily 200 SMA (arrow), and as I discussed on Spaces, the stock sold off as soon as Elon Musk started speaking on the earnings call 🎙️ I took $TSLL short on the push into $11 for this typical Tesla earnings reaction 😈 The daily 50 SMA (circled) is a critical downside level of interest 🔑

Monday: $CLF earnings at 6 AM, Housing Market Index at 10 AM ⛏️ Tuesday: $RTX earnings at 5:55 AM, $GM earnings at 6:30 AM, $GE earnings at 7 AM, $UAL earnings at 4:01 PM, $NFLX earnings at 4:05 PM 🍿 Wednesday: $T earnings at 6:30 AM, $CME earnings at 7 AM, $META and $TXN earnings at 4:01 PM, $TSLA earnings at 4:14 PM ⚡ Thursday: $SPOT and $HON earnings at 6 AM, $LMT earnings at 6:29 AM, $AAL earnings at 7 AM, $NOK earnings before the open, Jobless Claims at 8:30 AM, $WDC earnings at 4:02 PM, $BE, $NEM, $DECK and $MXL earnings at 4:05 PM 💾 Friday: $SLB earnings at 6:50 AM, $AXP earnings at 7 AM, Manufacturing and Services PMI at 9:45 AM, Consumer Sentiment at 10 AM 💳 All #earnings and economic calendar times in EDT ⌚

$MU just filled the daily gap at $914 after we got long $875 this morning 🎯 Some amazing daytrades with this week's range expansion 🤑 $QQQ must close over the daily 50 SMA at $727 for further repair 🔑

$QQQ held the daily 50 SMA (circled) intraday, but it is losing it overnight ⚠️ Just like in July and February of this year, if this key level is not reclaimed in the coming days, there will likely be further downside in the short term 😈 I do not believe this is the end of the bull market, and I will likely daytrade rejections and bounces, and then reaccumulate longs for another big swing when we see a change of character in price action and demand holding 🏌️‍♂️ While there is notable strength in $XLV, $XLE and $XLP, I prefer to focus on trading technology names to the downside, and then take these same names long when the time is right 🦘

$MU rallied into $950 yet again this morning, where I took some more trims ⚖️Once I saw that it could not hold the daily lower Bollinger Band (arrow), which was reclaimed yesterday, I decided to cut the rest of my swing from $888 and below while still in profit 🛑 The continual rejections of $1100 were the first warning signs to scale at least partially after earnings, and once the weekly 5 SMA at $1040 was lost on Friday, it was another warning sign to lighten up ⚠️ I took a daytrade long at the daily 50 SMA (circled) on Monday, but I did not hold that overnight due to the weak close 🙅‍♂️ I will revisit another aggressive long on this name, but I will wait to see lower demand levels hold as I mentioned in the comments of my previous post, with $888 (the $1T level), and $830 the next levels of interest below ♾

$MU closed over the daily upper lower Bollinger Band (arrow) as required, and I am keeping this position overnight 🦘 I am still swinging equity from $888 and below as well 🏌️‍♂️ Micron is continuing to operate at an elite level, and moments of peak fear provide a compelling opportunity to add to longs 🤑 The daily 50 SMA (circled) is the next key level to reclaim in the coming days 🔑 Institutional flow on @BlademapAI has kept me bullish despite the headlines 📰 That said, proper risk-management is the cornerstone of any profitable long-term trading strategy, and this is why I always emphasize to scale out when supply is rejected (such as $1100 after earnings), or when key demand is lost (such as the weekly 5 SMA at $1040 last Friday) ⚖️ This allows you to continually buy the fear and protect your profits 💰 Once a position starts working in your favor, using a breakeven stop is a great way to stay in the trade while ensuring your initial capital is always preserved 🛑

Monday: $LVMH earnings before the open 👜 Tuesday: $UNH earnings at 5:55 AM, $JNJ earnings at 6:20 AM, $JPM earnings at 6:38 AM, $WFC earnings at 6:49 AM, $GS earnings at 7:25 AM, $C earnings at 8 AM, $AAPL Welcome Home Event at 9 AM, $MU Fireside Chat at SEMICON West at 1:25 PM, Existing Home Sales at 10 AM, Monthly Treasury Balance at 2 PM 🏦 Wednesday: $ASML earnings at 1 AM, $BLK earnings at 6 AM, $BAC earnings at 6:45 AM, $MS earnings at 7:28 AM, CPI at 8:30 AM, Beige Book at 2 PM 🎛️ Thursday: $TSM earnings at 3 AM, $SCHW earnings at 7:30 AM, PPI and Jobless Claims at 8:30 AM, $TSLA Roadster Event, Fed Chair Kevin Warsh Speech in Thailand at 11:30 PM 🖥️ Friday: $CFG earnings at 6:20 AM, $TRV earnings at 6:57 AM, Industrial Production at 9:15 AM 🏭 All #earnings and economic calendar times in EDT ⌚

$QQQ held the weekly 5 SMA (circled) last week, and is continuing to breakout to new all-time highs, exactly as expected 🔮 There is a long way higher to the top of the weekly linear regression channel 🚀 I have positioned for this by aggressively buying the recent peak fear dips (arrows), and holding fully and completely as the market showed a change of character by discounting bad news 💎 I always say that price is the news, and seeing price continue higher despite $TNX and $USO headwinds kept me very bullish 📰 I have been pounding the table regarding staying bullish throughout all dips since the end of July, and adding even more along the way 🎙️ I also vocally scaled out of longs earlier this summer and stayed in cash as the market washed out excess leverage ⚖️ See all my post quotes to understand my decision-making process throughout this market progression 📚 Studying institutional flow on @BlademapAI has helped me tremendously in adding confluence and confidence to either scale out in profit, or hold on to winners 🌊

$HPE broke out of its all-time high and is reaching the daily upper Bollinger Band and top of the linear regression channel (circled) 📈 The cup and handle is playing out perfectly ☕