Comments on: Swing Trade Ideas 3-16-23

By: Jeff Vandenburgh

Jeff Vandenburgh — Thu, 16 Mar 2023 21:35:32 +0000

SPX 4000 is the exact mid-point of the range of Q1 2023. It shouldn’t be a surprise if OPEX settles right around there tomorrow, causing the most options bought during the past three months to expire worthless. This is how the market makers want it. Makes me wonder if the big tech rally was just a ploy to get SPX back up to that level where dealers would finish the quarter in the biggest profits possible.

By: Ken

Ken — Thu, 16 Mar 2023 20:12:58 +0000

In reply to Jeff Vandenburgh. Looks like NVDA wants to close the gap seen at 259 (04/06/2022) before it drops like a rock, just thinking out loud...

By: Jeff Vandenburgh

Jeff Vandenburgh — Thu, 16 Mar 2023 19:22:03 +0000

In reply to Jeff Vandenburgh. As of now, this has been the most bullish week for QQQ this year, up over 6% on the week, compared to the other two best weeks of this year, which were both around 4.65%. Those other two most bullish weeks did see pullbacks during the next week. And those pullbacks went right to 61.6% of the previous weeks open-close range.

By: Jeff Vandenburgh

Jeff Vandenburgh — Thu, 16 Mar 2023 19:15:38 +0000

NVDA is up 73% this year, and we’re not even through Q1 yet. And with most of the FAAMNGs up 2-5% today, there’s got to be a short trade in here somewhere, at least for a pullback. I was bullish in the morning, but this has just gone too far. Wow.

By: Manuj

Manuj — Thu, 16 Mar 2023 17:16:33 +0000

No Pain No Gain!!!!

By: becky

becky — Thu, 16 Mar 2023 16:50:17 +0000

SOXX is still in uptrend