Sharing my personal trade plan for Thursday May 23rd.
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
What’s up everybody just going over my trade plan for uh Thursday uh May 23rd just looking at everything um some of the things that I don’t like is we’ve come up with a cell signal on zero lag right around here as you can see the purple um obviously you can have a cell signal and still go up um you know we’ve hit cell signals here and then you can see you know we came down just literally like one day and then
You can continue going up the one thing that worries me is how much we’ve gone up already and we’re going to hit the summer months um I could see us just drifting through the summer up or or turning around and just kind of drifting down um I do think we need a pull back there’s a lot of gaps you can see a lot of gaps to be filled um the issue that’s hard is like Nvidia came out with earnings and they
Smashed it so it’s kind of hard to be like oh well the earnings aren’t great we’re going to be pulling back so you know with regards to earnings they’ve been pretty good so it’s hard to say that’s going to make the the pull back um geopolitical stuff might cause a pullback maybe Israel middle some Middle East stuff uh could cause a a pullback I mean we haven’t caught rates so I mean you know that hasn’t even caused the pullback so I
Don’t really know right now um I’m out of pretty much all my Longs uh the last 5 days so so all my long-term options are kind of uh done here I’m not saying like if we pull back maybe you know I don’t know maybe like 5% I’d probably re-evaluate a lot of things um I trade intraday on Futures which I’ll get into now um this is just my daily perspective I just take a look at the uh overall market and then
When I come into the the de some of the levels I’ll be looking at um I kind of want to see we’ll go to the NQ NQ is trading currently so obviously earnings happened this is why you should have pivot Points up earnings popped literally right to this Pivot Point right there perfectly it doesn’t get more perfect look at that right there you could have shorted it right off the Pivot Point boom could have got yourself 91 I mean it’s over
100 points so so here we are today pivot Points are out you know I would love us to go up and kind of hit this pivot point because this one is around um 19,000 which we all know is going to be well first of all it’s a psychological level plus you have the pivot point this would be a great short we hit 19,000 and then kind of reject down maybe 100 points or so I don’t know what the night’s going to
Bring currently I usually go over my trade plans at night and then I review the the next day in the morning um more nights we don’t really move that much but obviously Nidia earnings You Know Anything Could Happen um I also review the economic calendar so what we have for tomorrow is actually we have initial jobless claims in the morning and that could move the market um so that’s at 8:30 in the morning I’ll be watching that and that might set
The tone for the day a lot of times if we do get a flash dump on initial dless claims will make that whole ground up so if we get that dump to uh maybe this pivot point which would also be a good support because it’s right around uh 18 800 that would be a nice spot to uh grab Longs it’s just kind of what I’m looking at this pivot point I’ll probably ignore through the night it’s not really uh what I’m
Looking for but if we get here here or here during initial jobless claims or overnight I’m going to put some orders but that’s a pretty sizable move for overnight action um but yeah that that’s currently what I’m targeting you can see we we have a sell signal in the 5 minute I don’t really follow them after hours I look at the higher time frames and when we go to like maybe like the hourly um we did present the Buy signal but
The issue is we’re hitting the hourly Pivot Point not saying we can’t blow it through that um it would probably be cool if it came down filled this Gap and then back up this Gap is almost at uh 18800 which is also close to the pivot point so that’s a pretty good spot for a buy that would be a a pretty good spot you know the Zone would be 18 6 16 to [Music] 18800 if we drift down overnight or on
Initial uh jobless claims so that’s what I’m looking for out of the NQ um back to the earnings I mean earnings have been great um AI I guess is is real I just I look at the uh you know price per you know the earnings for share and everything I just think VI is just a rich company right now like they’re doing the 10 to1 split but I don’t think you’re going to get 3x on the company over the next you
Know call it seven years um I think a lot of that is priced in and sure you might be able to get you know get another 100% out of it maybe but there’s just better opportunities out there at this point um I just think you need a good pullback on it and um I don’t know if you’re going to get it we might just kind of drift up it is what it is I’m not playing it as for options land um
Here’s you know a lot of my uh a lot of my things I’m looking at I I know deak reported after hours I am a big fan of their shoes um that’s a really good company I’m going to dive more into the company side over the weekend because it’s just hard to do um you know it’s definitely hard to do during the week at night especially when I trade uh Futures all day basically options for me is any of my alerts
That go off and any large option sweeps other than that I do my company research over the weekend I’ll say I I post the video for a little chunk of it but um I go through all my charts I go through earnings and that’s basically done Saturday morning for about 3 hours 4 hours and um you know typically 8:00 to 11: I’ll go through everything charts only taking about 20 minutes and the rest is diving into earnings and you know kind
Of Trends and things like that so that’s my trade plan for tomorrow um for th you know which is Thursday and uh company-wise with with options um I didn’t really buy anything today I sold um I had a silver put and a EMP pH uh long calls both hit massive um I talked about EMP early earlier on in in the day and I talked about silver puts yesterday so you know take a uh take a look I’m not look like right
Now I don’t have anything on my radar um it’ll just be large option sweeps for um all way to the weekend to uh do some resech research and uh that’s pretty much it so that’s the trade plan that’s my thoughts of the day and um see what happens hope you guys are making money
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