Major League Trading

Teaching you how to day trade the markets. ✉ Email: [email protected] ☎ Call/Text: 323-786-2575

[Major League Trading @MajorLtrading]

@stoolpresidente can now make better trading decisions. 🤣😂

[Major League Trading @MajorLtrading]

$ZS for the unsuspecting move to 304.47 this week?

[Major League Trading @MajorLtrading]

$DDOG is one of my favorite longs on the board at the moment.

[Major League Trading @MajorLtrading]

Is there anything above a Cat 5?

[R A W S A L E R T S @rawsalerts]

🚨#BREAKING: The National Hurricane Center has officially declared that Milton is now an extremely dangerous Category 5 Hurricane, with peak winds of 160 mph or higher and still undergoing extreme rapid intensification

[Major League Trading @MajorLtrading]

Did Joe Biden want to just say ‘Make America Great Again’ ?? 😂😂

[Major League Trading @MajorLtrading]

In terms of earnings we do have a couple of names on the board that could be worth a watch.

$FDX $MU $KMX $PAYX & $NKE

$COST broke to new ATH last week, and with earnings giving it a big push on Friday I could see some nice continuation out of this, and a pullback to 653.90 with a market that isn’t falling apart and I like longs.

$CRM has that look, and I could see a push over 262.09 that holds being buyable this week.

$RH isn’t my favorite name to trade, and it’s typically a bit thinner than I prefer, but a daily 1-2-3 in there could get interested on the week.

$ROKU caught some weakness on Thursday and Friday so it makes the weak watch list at the moment.

Monday we take it slow and easy. Let the trades come to us, and remember we only have a few more trading days of 2023 left so there is no hero stuff.

[Major League Trading @MajorLtrading]

As we get ready for a new week here in the markets I think there is one thing in which we should stress a bit in the Sunday prep. That is…

What worked for us last week. 🧵

[Major League Trading @MajorLtrading]

After going 3/3 on divergence trades I was not about to give any back on Friday so we took the day off. It was also OPEX and all of that fun stuff.

Now for this week I’m looking at a couple different things.

We have some levels in the ES at 4786.75 above, and 4758 above. NQ has a level above at 16,876.50 as well which I think will probably get tested.

The question becomes whether we can get above that and the 86.75 level for the ES. IF we rally up and tag those levels early on Monday/Tuesday, and then we fail to hold above then we could see some selling into the end of the week.

It is also possible that we pop above them, fake lower, and then just go sideways to make for a really boring week. I’m not ruling this out, and if we start to see some early signs of this then I might just break out the eggnog early and wait around for Santa to ask him some questions about his beard.

[Major League Trading @MajorLtrading]

How tight of a range does $SPY have today?

[Major League Trading @MajorLtrading]

Long $MSFT from 334.71 yesterday at lows and flat here now just before the 346.74 level. 350C .24 -> 1.65

[Major League Trading @MajorLtrading]

I like $MSFT longs and $CAT shorts

[Major League Trading @MajorLtrading]

$SPY into 420.91 today pre FOMC and then under 415.74 and we have room to 412.90

[Major League Trading @MajorLtrading]

$HELE likely gets a bit of a fade this morning, BUT if it can hold 125, and work back into an uptrend then it has some potential this week. Likely going to be a play in a couple days though.

[Major League Trading @MajorLtrading]

$META over 294.65 and longs are on the table into 297.24 then 300.

[Major League Trading @MajorLtrading]

$AMD was one of my favorite short watches yesterday morning on the gap down, but after the rally today it is now one of my favorite long watches. Can't get married to a direction or position in this market.

[Major League Trading @MajorLtrading]

Joking 169s 🎯

[Major League Trading @MajorLtrading]

Time to buy puts 😂

[Major League Trading @MajorLtrading]

Who is selling some $NFLX put credit spreads tomorrow on the gap down? Would be a genius marketing move if it was on purpose…how can they goof it this bad?