06-19-23 | Weekly Stock Market Trading Notes

06-19-23 | Weekly Stock Market Trading Notes

Free Weekly Stock Market Newsletter

Trading Notes for the week of 06-19-23

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We are currently offering a 30% discount. The sale may end when /ES trades 4500+ or below 4200. With the current volatility, this could be any day this week.

$PLTR - if 13 can hold I like this long into 19,22,30

$TSLA - if 235-240 hold then I think we could retest 260s.

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/ES mini Levels are for September contracts. For new readers, I trade/ES mini futures, but these numbers correlate to the $SPY and $SPX index. If you want to learn more about how I integrate futures trading and options trading read The Power of $SPY

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/es If I am bullish, I wouldn't mind a couple of days of cool-off. I would prefer 4260s to trade and hold, but my first level of decent support is 4360. If support holds (4250-60) we could trade back to 4360-4400 retest. 4360 in my opinion is a great day trade entry for a scalp, but 4260 is a great bullish swing level if we even get there.

My line in the sand for any bullish swings would be a daily close under 4250.

Powell speaks a few times this week, so it will be important to look for any differences in data, expectations, tone, etc from last week’s FOMC meeting.

My thought process is I can say trade options with specific companies mentioned in the premium chat, but if I am to trade /es mini or $SPX I prefer a swing trade entry. This leads me to buy 4260s or short 4540s.

More details will come as the week finishes. Alerts will be in premium chat.

Trade safely,

Disclaimer:

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