Jon

Day Trader | Inside Day Breaks Expert | Turning Charts into Profits

[Jon @JayTraderX]

$CVX today was a great example of how I handle fakeouts.

$CVX broke inside day about ~45 mins into today's session. That's where I entered calls. As you can see it largely flagged at this level and failed it not only for the ~hour+ after the fact, but again later in the day.

Now it's personal preference for what you can tolerate—obviously I have the 196.94 level, I have a 5m TL resistance turned support, and can even take the second rejection as a signal that it's unlikely. From my entrypoint the contract only ever went down ~10-20% total, well within my comfort range. So for me I watched that TL turned resistance and waited to see if there would be follow through.

Again, the importance of being in the right contract with the right stock is pertinent to minimize loss potential. Here, the contract held steady enough to hold.

[TDtrades @DtradesT56303]

@JayTraderX Thanks for sharing this, Jon. Really appreciated your post on inside days. How do you usually handle fakeouts?

[Jon @JayTraderX]

6/4 | Notable Inside Days: $AAPL, $MSFT, $AMZN, $TSLA, $XOM, $COP, $XYZ, $QCOM, $MSTR, $PYPL, $FIG, $SNOW, $FSLR, $AFRM, $ETSY, $SNDK, $NOW

NOTES:
* $SPY 749.52 is an important level for us to hold. Bull gaps filled and bear gap remaining today can risk short term downside
* $MSFT formed an island top on Monday. Retesting 400-410 looks inevitable. Keep in mind with inside day
* $META rejected a TL breakout on daily yesterday but held 624.73 level well. Unfortunately gapping under that right now and 615.65 level must hold
* $GOOGL starting filling earnings bull gap last few days which remains open to 349.94. Watch that as market softness will likely result in full fill
* $AMZN inside day and one of the few tickers with a bull gap yesterday. Watch YHOD and YLOD but good one to eye long if we have any valid market strength. Held well on bull gap fill to 248 two days ago

[Jon @JayTraderX]

5/26 | Notable Inside Days: $BABA, $ABNB, $SE, $FIG, $HOOD, $CRWV, $CRM, $AFRM, $SPOT

NOTES:
* $SPY another bull gap open and holding 748.22 level really well. Closing above 750 is promising for continuation
* $IWM pop, intraday flag, and run with an EOD breakout. Overall continuing to show signs of strength
* $MSFT broke down on the inside day catching at 413.67. Will need to break ~420 for any upside but no worthwhile momentum either way
* $NVDA still on a downtrend but could not completely fill the bull gap still open to 211.57. Holing 214 and keeping that bull gap open bodes well for a swing to the upside
* $META looks like it broke out of a TL resistance into EOD but not enough to convince me of a big momentum swing. Still very range bound and 625 is the upper limit of that range
* $AMZN retested the TL break out from a few days ago and bounced. Looking like it will retest 270 resistance again. Failure to do so creates a lower high and we’ll begin to see a larger fade
* $TSLA holding 440 well is promising as it marches towards the fill of bear gap above still open to 443.30

INSIDE DAY LONG IDEA - $AFRM:
- 71C on break of 69.81. PT 71.30

INSIDE DAY SHORT IDEA - $HOOD:
- 70P on loss of 73.26. PT 71.88, 71, 70

Heads up, I’ll be traveling until next Wednesday and I’m not sure how much time I’ll have for notes. Will do my best but not expecting to get to it much.

[Jon @JayTraderX]

@MeasuredRiskMgt Great question. The 5m close constitutes a break imo, BUT that's not without a short leash and must prove itself for the next few candles (a break and retest is far better).

As you scale up in time (e.g., 15m, 65m, daily) you gain more confidence that the break will hold.

[Jon @JayTraderX]

5/22 | Notable Inside Days: $MSFT, $NFLX, $CVX, $AVGO, $BA, $NKE, $KO, $DIS (x2), $TWLO, $SNAP, $APP, $SNDK

NOTES:
* $SPY with all bear gaps now closed and another bull gap open. Flagging below 748 for a shot at 750 and continuation higher
* $IWM with a bull gap and break above 65m and daily TL, holding above 285. 290+ on tap this week
* $AAPL remains incredibly strong with a great close on Friday. Bounce off of the 9 on 65m is good for continuation
* $MSFT inside day but tough to tell. Sporadic action overall
* $NVDA continues to fade post earnings. Good to stay away. If bull gap fills to 210 then could see a nice bounce with some buying there
* $GOOGL interesting, basically range bound action for the entire month of May. Will be a good momentum play on any news
* $AMZN next break of 270 takes a shot at 280. Will need to hold 264
* $TSLA another bull gap after the island bottom. 430 is the next level to break for a momentum run. Bear gap above is from 434.66-443.30

INSIDE DAY LONG IDEA - $SNDK:
- 1650C on break of 1528. PT 1550, 1597, 1620

INSIDE DAY SHORT IDEA - $TWLO:
- 175P on loss of 183.44. PT 180, 175, 171

[Jon @JayTraderX]

5/21 | Notable Inside Days: $SMCI, $GOOGL, $XYZ, $ABNB, $UBER, $DIS, $EBAY, $UPST, $ZS, $MRNA, $CAT, $CVNA, $NOW

NOTES:
* $SPY recovered well and pushed above 65m TL to begin penetrating bear gap still open from 744.87-748.17. Looking good to fill that and head higher tomorrow
* $IWM looking very good forming a daily TL resistance and filling most of the bear gap still open from 283.68-284.06. Moving back above 282.74 level has a real shot at a good move higher
* $AAPL continuing to grind higher. 303.20 now looking like support
* $NVDA soft post earnings action which is surprising with such good numbers, but set a high bar must meet and continue to exceed a high bar. Lots of calls today. 227.54 will be the level that needs breaking
* $AMZN broke out of that TL we talked above yesterday, now flagging under 170.51 and looking strong
* $LLY broke out of a TL resistance on the daily and is looking like a great candidate for leaps. Will be exploring tomorrow
* $NOW with an interesting inside day and lots of hype on X. Seems to be flagging above all EMAs after the first earnings miss in the last 5 years. Might be a good opportunity for leaps inside day break higher

INSIDE DAY LONG IDEA - $NOW:
- Calls on break of 101.59. PT 103.35, 105, 107.48. Longer term 128

INSIDE DAY SHORT IDEA - $XYZ:
- Puts on loss of 68.34. PT 67, 66

[Jon @JayTraderX]

5/20 | Notable Inside Days: $KO, $HOOD, $CRCL

NOTES:
* $SPY gap up largely closed before flagging and breaking 740.81 level. Bear gap is from 743.46-748.17 and looking like a target to fill tomorrow. We’ll see where we open
* $IWM looking good as well with a bull gap up and bear gap filled, holding above 277.63 level. Will begin attacking next bear gap from 280.33-284.06
* $AAPL had a strong day retesting the 65m TL after open. Held midday, breaking inside day and holding above 300. 303.20 is the next level to see 305 and higher
* $NVDA earnings were real good but muted action AH. Watch for this to run at open if we can stay above 221.59
* $NFLX with a bear gap open. Loss of 88 level triggers 87 and bull gap test below 86
* $AMZN erased yesterday’s bear gap pretty quickly and is now flagging at 265 and 65m TL resistance. Breaking that triggers 270.51 fast
* $TSLA has opened up a small island bottom and had a good close above 414.62 level. Holding there will target the next bear gap from 421.08-422.32

INSIDE DAY LONG IDEA - $CRCL:
- 115C on break of 113.48. PT 115.36, 117

INSIDE DAY SHORT IDEA - $CRCL:
- 107P on loss of 109. PT 107

[Jon @JayTraderX]

5/19 | Notable Inside Days: $AAPL, $MSTR, $RBLX, $BIDU, $AFRM, $SPOT, $SNDK

NOTES:
* $SPY no real action, was too nice a day out. Filled bull gap and held 732 level. Needs to remain a support otherwise bull gap from 723.74-727.82 will come under attack
* $AAPL is an interesting inside day as it looks like it’s formed a pretty breakable support on 65m but did remain strong today. Break of 65m support corresponds with 297.64 level and would fall to 294.28 and 291.32. Break of 65m TL resistance + 300.62 level is 302.50 and 305
* $MSFT filled the two bear gaps above before completely fading. Next bear gap is at 442.50 but long way to go to reach there
* $META tiny fade on loss of 65m TL support. Loss of 600 will test bull gap at 592 but still very range bound for now
* $GOOGL at 386.57 support and a 65m TL. Loss tests 380 before finding the bear gap lower
* $NFLX rejected 90.84 level but held onto 89.16 well. Play between those two levels until something breaks
* $AMZN broke the flag lower to fill the bull gap open under 256. New bear gap open and weakness creeping in. 256 is next level of support before 252
* $TSLA another bear gap open and bull gap closed. 397 held but not looking like it will hold long. Next loss of 402.58 tests it again

INSIDE DAY LONG IDEA - $AAPL:
- 305C on break of 300.51. PT 302.5, 305

INSIDE DAY SHORT IDEA - $MSTR:
- 160P on loss of 163.50. PT 162.01, 160, 158

[Jon @JayTraderX]

5/18 | Notable Inside Days: $MSFT, $W, $BABA, $WMT, $DIS, $EBAY, $FSLR, $GE, $DDOG

NOTES:
* $SPY with a slow burn all day and run into EOD. Never fully got down to 730-732 buy zone territory before buy volume which bodes well overall. Breaking 740 takes a run at filling last week’s bear gap
* $SMCI island bottom filled at open and immediate bounce higher. Next level of resistance is 31. Breaking can fill bear gap above
* $MSFT inside day flagging below bear gaps from 428.18-429.37 and 429.92-432.78. Breaking 425.54 takes a shot at first bear gap
* $NVDA closing above 221.59 is good. Won’t have much movement until after earnings this week
* $GOOGL remained strong with an early pop to 410 before fading. Still not above to break 400 zone but filled lone bear gap
* $NFLX really strong open breaking and holding above 89. 90.36 and 90.84 are strong resistance levels (from support) above
* $TSLA retracing all of the last week or two’s gains opening a new bear gap and closing a bull gap. 400 needs to remain a strong resistance

INSIDE DAY LONG IDEA - $MSFT:
- 440C on break of 425.12. PT 428, 430, 432

INSIDE DAY SHORT IDEA - $GE:
- 270P on loss of 281.31. PT276, 273.45

[Jon @JayTraderX]

5/15 | Notable Inside Days: $XYZ, $AVGO, $ORCL, $CSCO, $SE, $LLY (x2), $ZM, $HOOD, $AFRM, $FDX, $ETSY

NOTES:
* $SPY bear gap open with a fade off of 750, 730-732 is a good level of support
* $AAPL new highs remaining above 300. One of the best looking tickers right now
* $MSFT with a great run Friday, a bear gap and island top filled and bull gap open. Next bear gap is from 428.18-429.37 then 429.92-432.78. Might be time for software names to run
* $META still consolidating underneath island top which starts at 624.99 and island top is from 634.53-639.37
* $GOOGL still looking nice despite the bear gap open. Currently holding above 392.78 level
* $AMZN held relatively strong closing back above 264 into EOD. Some resistance there however between ema and level confluence
* $TSLA with a hard sell off and now at 420 again. Failing that level fills the bull gap to 411.86

INSIDE DAY LONG IDEA - $LLY:
- 1100C on break of 1014.38. PT 1022, 1033, 1050

[Jon @JayTraderX]

5/13 | Notable Inside Days: $IWM, $SMCI, $NFLX, $COP, $QCOM, $ORCL, $UPS, $JPM, $INTC, $CRSP, $SPOT

NOTES:
* $SPY beast of a run all day. If looking for a retest that will come between 740-741 which is good to take longs. Hard to see many faults in the market
* $AAPL explosive the last two days, breaking 300 mark and seemingly no end in sight
* $META retested 596 level and shot back above 615. Appears that Emma’s on 65m are curling up after consolidation and a charge at the island top could happen soon
* $TSLA at a good retest spot for more longs, holding above 445 and bouncing off 9 ema on 65m
* Not much analysis to conduct everything is strong and breaking key levels. Remain patient and watch for opportunity
* I will not be around for notes tomorrow

INSIDE DAY LONG IDEA - $ORCL:
- 200C on break of 191.57. PT 198.44, 202.30, 207.80

[Jon @JayTraderX]

5/12 | Notable Inside Days: $TSLA, $LCID, $NIO, $PFE (x2), $TGT, $HOOD, $SNOW, $FSLR, $GE, $DDOG

INSIDE DAY LONG IDEA - $SNOW:
- 160C on break of 154.20. PT 157, 159, 160

INSIDE DAY SHORT IDEA - $PFE:
- 25.5P on loss of 25.74. PT 25.60, 25.30

[Jon @JayTraderX]

$SPY there are very, very simple signs.
-Track bull / bear gaps to understand where resistance and support lies. Use them as your target
-Be mindful of trendlines. They don't always appear but sometimes they become glaringly obvious with more and more touches. As @ProblemSniper has explained before, the more you tap on glass the more likely it is to break
-Don't fomo. You didn't need to catch the TL break to catch the play. A simple TL / EMA retest came 15mins later and returns would have been the exact same

Be careful, let the plays come to you.

[Jon @JayTraderX]

@fluidoption called out $GS calls in @snipetrades today which caught my attention enough to pull of the chart and examine the daily.

Wowee this is looking like a good one! Daily is hammering off the 9/20 ema's, breaking above a resistance level and breaking above TL support on daily. Excited to see where this can go!

[Jon @JayTraderX]

5/11 | Notable Inside Days: $AAPL, $XYZ, $AVGO, $ORCL, $UBER, $PFE, $TWLO, $CRWV, $GLD (x2)

NOTES:
* $SPY continues an unbelievable grind higher with 740 our newest level of resistance, 736.38 as support
* $AAPL glaring really well now at ATH’s. Next level of resistance is 294.28. Holding 291.32 and breaking the 65m TL will break that next level of resistance and start a path to 300
* $MSFT two consecutive bear gaps open now as selling pressure persists
* $NVDA run continues with 217 now support, rejecting 222.50 earlier
* $GOOGL with a new bear gap open and filled the bull gap opened last Wednesday. 383.24 would be next level of support with TL + bull gap support confluence
* $NFLX going for full earnings gap fill still open to 84.62. I do expect that to be filled in short order. Perhaps a retest of 86.50 first before filling that
* $TSLA incredible run today filling a bear gap. Hopefully we get a retest of 430 which would be a great spot to go long. There’s one more bear gap open in the form of an island top around 470 which is the target on this run

INSIDE DAY LONG IDEA - $AVGO:
- 450C on break of 433.65. PT 438, 440

INSIDE DAY SHORT IDEA - $CRWV:
- 107P on loss of 111.50. PT 107.50, 105.50

[Jon @JayTraderX]

5/8 | Notable Inside Days: $IWM, $CVX, $LRCX, $ARM, $DIS, $UPS, $GS, $TGT, $SHOP, $SNAP, $CAT, $APP, $GLD

[Jon @JayTraderX]

5/7 | Notable Inside Days: $CVS, $CSCO, $BIDU, $PYPL, $UPST, $CVNA

NOTES:
* $SPY no bull gap today but remained strong. Want to see yesterday’s bull gap stay open through EOW
* $AAPL new ATH and back down, holding 285 for now. Next break of 288.61 will try to break 292 for 300
* $MSFT with a bull gap open and balancing on the 65m 9. One bear gap filled and another partially filled with full fill at 429.37. Another bear gap above that so tons of resistance remaining
* $NVDA another quick run up, now flagging at 211.60 previous ATH for a fill of the bear gap from 214.72-216.66
* $META we talked about the flag pattern yesterday which broke to fill the first island top. Next one is from 634.43-639.37, while full bear gap fill isn’t until about 670
* $GOOGL fell right from 400 open, but looking good to break and hold 400 level into tomorrow
* $TSLA with a bull gap open and great run into EOD. Small bear gap open from 416.81-417.38 which is now target

INSIDE DAY LONG IDEA - $CVNA:
- Calls on break of 403. PT 405, 410, 413.20
- Not sure how stock split effects PA so be cautious

INSIDE DAY SHORT IDEA - $PYPL:
- Puts on loss of 46.15. PT 45.76, 45.49, 45

[Jon @JayTraderX]

5/6 | Notable Inside Days: $XYZ, $PFE, $FSLR

NOTES:
* $SPY more bull gaps and more floating upwards. Not a market to short at all right now
* $SMCI looking incredible post-earnings. Opened an island bottom, took out a bear gap and broke above 32.40 right above 34. Next level is 35.14 before bear gap from 35.88-36.45
* $AAPL now above 285 and looking to break 288.61 for a new ATH
* $NVDA reversed course with good buying volume, opening up a bull gap and breaking 65m TL. Now above 206.98 any retest is good for 210 and eventually. Run at bear gap above 212.50
* $META now on day 5 of consolidation and above 9 and 20 on 65m. Flagging below the double island top for a potential reversal soon
* $GOOGL looking strong as a 400 break is imminent
* $NFLX island bottom is gone and just a bull gap remains. Still staying away for a bit
* $TSLA second day in a row testing a 400 break

INSIDE DAY LONG IDEA - $FSLR:
- 225C on break of 219.54. PT 221.58, 225

[Jon @JayTraderX]

5/5 | Notable Inside Days: $SMCI, $NVDA, $CVX, $COP, $RIVN, $AMD, $ARM, $BA, $F, $WMT, $UPS, $GS, $FIG, $TGT, $ROKU, $CRWV, $MRNA (x2), $FDX, $APP

NOTES:
* $SPY a bull gap open and at 725 ATHs again. Looking good overall and do not expect the bull gap to fill tomorrow
* $AAPL looking good and ready for new ATHs. Breaking 285 should get there and see 290
* $NVDA continue to watch 195 for an h&s breakdown to 190. Breaking 198 could see a short rally back to top of shoulder at ~201.53
* $META broke the flag lower today but found support at 600. Will be tough to see more downside as long as that holds
* $GOOGL now above 396.57 level and next up 400
* $NFLX completely flopped after last week’s pure reject of 95. Lost key support level and completely faded, now into the island bottom. Bull gap fills at 84.62 and the island bottom itself is at 86.92. Likely to be a good short until filled
* $AMZN new level around 273.41. Holding runs to 280 and can see a test of 300 here in short order
* $TSLA I’ve said it before and I’ll say it again. Done trading options here. Should’ve taken right off for 409 and 410 but couldn’t ride inside day break past 402.58

INSIDE DAY LONG IDEA - $MRNA:
- 49C on break of 47.73. PT 48.40, 49, 50

INSIDE DAY SHORT IDEA - $NVDA:
- 190P on loss of 196. PT 194.74, 194, 192

[Jon @JayTraderX]

5/4 | Notable Inside Days: $TSLA, $NIO, $LLY, $DASH, $INTC, $MRNA, $SNAP, $FSLR

NOTES:
* $SPY consolidation above 715 and holding the 9 on daily. We can see a 724 retest on 720 levels + 65m 9 ema confluence. Expecting 715 to hold as resistance for now
* $AAPL 275 should act as solid support for now to retest break of 280
* $MSFT in complete no mans land stuck between 3 bear gaps and a bull gap
* $NVDA looking like a head and shoulders pattern on 65m with neckline about 195.45 and top of shoulder at 201.53. Breaking down I’d expect a fill of bull gap to about 190
* $META flagging after good earnings but terrible PA. 2x island top open. A break in either direction can cause a sizable move
* $GOOGL bull flagging to the upside. Breaking 386.57 sets eyes on 400
* $NFLX back at 90.84 which could present another buying opportunity
* $TSLA consolidating after breakout to 397. Inside day break could carry momentum to break 400 and hit 409.21 level

INSIDE DAY LONG IDEA - $TSLA:
- 420C on break of 395. PT 397.82, 400, 402.58, 409.21

INSIDE DAY SHORT IDEA - $MRNA:
- 44P on loss of 45.29. PT 43.68, 42, 41

[Jon @JayTraderX]

4/29 | Notable Inside Days: $AVGO, $KO, $DIS, $ROKU, $CRSP, $CAT

NOTES:
* $SPY staying above the 9 ema on daily and closing above the 9 on 65m. Closed the week’s earlier opened bull gap but bear gap remains open
* $AAPL earnings tomorrow. Closed the island bottom and prevented an island top this morning. Just consolidation
* $MSFT with an AH pop from earnings but overall rough day. Opened another bear gap and closed below emas on 65m. Will either fade or open an island bottom tomorrow
* $NVDA was double inside day until this afternoon where it broke yesterday’s low but held Monday’s low. Opened another bear gap today
* $META good earnings but down AH. Largely looks to be bull flagging so if we can get a recovery and 670 break next is 677 and 684
* $GOOGL good earnings and good AH run. 356 is support if it comes back down at all
* $NFLX rejected the 9 on daily but still a strong day. 92.50 breaks 94.29 comes
* $AMZN great earnings and up AH

INSIDE DAY LONG IDEA - $AVGO:
- 420C on break of 405.64. PT 415

INSIDE DAY SHORT IDEA - $AVGO:
- 380P on loss of 396.78. PT 392, 388