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Doubling down on the coming rally šŸƒā™£ļøā™¦ļø

I am still banging the table on this market move

Happy Monday!

Last week didnā€™t play out quite like Iā€™d hoped.

With both SPY and QQQ oversold and overextended to the downside, a bounce seemed likely.

Well, the market had other plans. The bears pushed it even lower.

Folks, thatā€™s just how it goes. There are no guarantees.

If I was optimistic last week for a rebound (if only in the short-term), Iā€™m even more so this week. (Letā€™s go bulls!)

In my morning Bullseye Trades subscriber room and during our live discussion this morning, I went over the technicals for my bullish thesis.

My trade idea of the week is a sector ETF, not a stock.

A beaten-down sector that could see a significant short-term run to the upside. Weā€™ll discuss some bullish catalysts in a moment.

šŸ‘‰Just a reminder - my 70% off coupon for Alpha Hunters ends at Midnight TONIGHT

Alpha Hunter is where I teach my core trading strategy every single day, with real-life trading examples that you can follow along and learn from.

See every trade that I am making using this time-tested system.

Today is your last day to lock in less than $450/annually or a ridiculous 5-year plan that you can secure for less than $150/year.

We have never offered pricing this low, and I hope it will ever happen again.

I know you see a lot of offers come by, but this is one you really need to make sure you take advantage of before it is gone.

Now letā€™s get back to those catalystsā€¦

āœļøNumbers I Need:

My full trading game plan went out to Bullseye Trades subscribers this morning.

The two most important catalysts this week are NVDA earnings on Wednesday and Powellā€™s speech on Friday at Jackson Hole.

NVDA may be the single most important earnings announcement of the season (maybe the year).

This mega-cap tech company is heavily involved in both AI and semiconductors, so whichever way it moves, the market will follow.

The graph below shows a predicted move of nearly 10% based on the options market.

Thatā€™s huge!

As usual, Iā€™m not playing through earnings, but a run-up into Wednesday eveningā€™s call seems likely.

The bond market has been one of the headwinds for stocks as of late. Itā€™s my bet that Powell will take a dovish tone on Friday.

Heā€™ll likely calm the bond market and give a bit of a boost to stocks.

Good for the market and GREAT for us!

āš”Most Exciting Action:

Any bullish trades I make this week will be super short duration.

I donā€™t want to have any BIG positions going into NVDA earnings, but I am building positions right now that are betting the market is going up from here, at least for the short-term.

They may blow it out of the water, but in this market, weā€™ve seen what can happen even to companies who beat estimates.

Remember, weā€™re ā€œpriced to perfection here.ā€

Investors expect a lot and will be paying close attention to NVDAā€™s forward guidance.

I promised weā€™d talk about generating trade ideas, and if you were in the live room this morning (why youā€™d miss it, I donā€™t know šŸ¤·) I gave away plenty.

Weā€™re in a pullback from an uptrend thatā€™s been going on since March.

I start by looking for stocks that have been consolidating on the 1-hour chart and are trending above the midpoint of the Keltner channels. 

Thatā€™s the basis for what I call an ideal Gamma Trigger setup (itā€™s my bread and butter trade).

Keep your eye on NVDA - a stock like this could make a mad dash up into earnings.

Whatever happens after the call, you can expect it to have a ripple effect across the entire semiconductor sector.

And also keep your eye on SMH, SOXL, INTC and AMD.

Remember, Bullseye Trades subscribers got my single best trade idea for the week this morning.

ā€¦And Iā€™m now adding a second potential trade on my alerted ticker - a debit spread. So you now get two potential trade ideas in each email!

āœ…Past Alert Update:

Iā€™m excited to see how this weekā€™s Bullseye Trade plays out. While not every trade is going to be a winner, I am already up around $1000 in the first couple of hours after making the trade with everyone this morning, so no complaints on my endā€¦

Hopefully, it will end up being another smashing success like BILL recently.

I sent that trade idea and complete game plan to subscribers.

Look at the detailed plan they received that morning before the bell.

Notice that this is much more than some simple ā€œstock pickā€ idea.

Rather it was a comprehensive plan including all key levels I would use if I decided to take the trade.

It turned out to be one hell of an idea!

I was excited to report the results in the following weekā€™s subscriber email.

*Trading is hard, results not guaranteed.

My BEST IDEA each week goes directly to Bullseye Trades subscribers each Monday. Sign up and get my complete game plan before the market opens.

But youā€™ll get even moreā€¦

Youā€™ll also have unlimited access to our training library, trading ebook ā€œHow to Become an Alpha Hunter,ā€ and alerts on trades I make sent directly to your Raging Bull app.

And Iā€™m so convinced youā€™ll love this service Iā€™m backing it with my IronClad 30-Day Satisfaction promise.

Bullseye Trades isnā€™t just an alert service. Itā€™s a full educational system to hone your trading skills.

Everything you need to help you become a BETTER TRADER!

Stay tuned for a complete update on how this weekā€™s Bullseye Trade worked out. And tomorrow, weā€™ll discuss profit-taking levels, something many traders struggle with.

Ohā€¦one last announcement.

I want to welcome back the Warlock of VWAP, Kenny Glick. Heā€™ll be trading live every day this week from 10:00-11:00 EST ā€“ COMPLIMENTARY.

Click here to join Kennyā€™s room daily at 10EST.

To your success,

P.S. Remember, today is the last day to upgrade to ā€œAlpha Hunterā€ at the ridiculous 70% discounted price. You will get access to my $120,000 journey and all trade alerts & game plans I have. You should call Jeff Brown @ 800-585-4488 or email ([email protected]) before 5pm today to lock in the special discount (payment plans are available, too!).

 

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