Trading Notes for the week of 07-09-23

A Holistic View |  07-09-23

Trading Notes for the week of 07-09-23

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A Holistic View

We have earnings in $TSLA (19th), $MSFT (25th), and $META (26th) at the end of July. If the market was to rip into the 4530s+ It would make sense for this action to occur at the end of the month with earnings reports trading simultaneously.

It is currently July 9th, so the question is will there be a dip and a rip or a rip into earnings following a ‘sell-the-pop’ movement?

I am personally planning on a dip to rip therefore I am looking at /ES 4370s as a solid support level this week. AM I ALREADY LONG, YES? If this 4370 becomes resistance on a daily close I will not look to add onto bullish positions.

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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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LINE IN SAND

$TLSA

• Will remain bullish with targets into the 350s as long as we are closing above the 260s.

$MSFT