Hey traders, Kunal here from Bulls on Wall Street. In today’s blog, we’re going to talk about the hottest trading setups for the upcoming week and how to make the most of this fantastic market. Friday was a trend day like no other, with stocks across the board firing and showing massive trends.
Market Overview
Although the broader indices like the SPY and QQQs have been in a bit of a chop, individual stocks are lighting up. The market gapped down multiple times last week but each time, it ramped right back up—setting up fantastic opportunities for both day traders and swing traders alike.
Best Stocks to Watch
- Tesla (TSLA): This stock has been pulling back toward key support levels. If we see a weak open, expect it to bounce from the lower Bollinger Band.
- Nvidia (NVDA): Nvidia continues to offer great swing trade opportunities. Watch for a breakout as it tests all-time highs.
- SMCI: This stock is a great day trading vehicle right now, but you should wait for it to break the 50-day moving average before considering any swing trades.
- COIN: Watch this stock as it hovers near its 50-day moving average. If it breaks above, expect a solid rally.
How to Take Advantage of Weak Opens
This market has been gapping down, offering fantastic buying opportunities. Don’t be afraid of these gaps—they are gifts that allow you to get in at a better price. This market is full blown all systems is a go for day traders and swing traders. and investors!
You get these trends just for couple months a year make sure you dominate!
If you’re looking to sharpen your skills in this market, check out our 60-Day Bootcamp. It’s a fantastic way to build your knowledge and improve your trading strategy. Join us here.
