Thanks @randy Looking at aftermarket moves doesn’t seem like a gap down tomorrow. Wouldn’t be surprised a red to big green day again. This market just won’t go down. Have to be PAYtient.

Best of luck. While I can’t provide individual investment advice, I would urge anyone to consider the benefits of diversification, even within a swing trading account (multiple positions in various asset classes, long & short positions, & exposure to the most bearish (short) and bullish (long) stocks & sectors on the equity portion.

The other thing to consider is PLAN B… what if the market tanks on AAPL & AMZN earnings? Will you still buy those QQQ puts at much higher prices after the $VIX (and both the strike plus volatility premium on those puts surge?)

That’s why I like scaling into long-term shorts right now vs. trying to pick an exact price/moment to do so.

Yes, TLT broke below the uptrend line yesterday (I believe it was), I had covered it in a video then & again today with TLT at the first price target/support at the time (in today’s earlier video).

nevermind, at https://youtu.be/UmjOZ9qtdRI?t=765 . I missed it now, and watching for a retest of the trendline.

https://www.cnbc.com/2025/05/01/trump-tariffs-recession-chamber-of-commerce.html

The answer to your first question depends on what time frame you are asking about. If you are looking out long-term (1-2 yrs), then I think QQQ has another 46% downside to my T7 target on the weekly chart from current levels. Shorter-term, the 60m & daily charts will be my guide to micro-manage that longer-term swing/trend trade in order to cover and/or reverse when significant (high-single digit to low double-digit) counter-trend rallies are likely.

To your second request, here’s my weekly chart of AMZN with my long-term price targets. As with the majority of market-leading stocks as well as the major stock indices, even if AMZN just takes out that first support around 155 & drops down to my next long-term support/target around 124.55, it will also have then taken out that primary secular bull market trendline from it’s IPO all the way back in the late 90’s. At that point, it will be safe to say that the secular bull trend in AMZN (and the stock market) is most likely over with a new secular bear market that is likely to span up to a decade or more now underway.

Few, if any believe that is possible but that only makes me more confident in my long-term outlook as such as dramatic drop in AMZN & the stock market can only happen if few believe (and more importantly, few position for) it. Of course, I will take the charts one support & resistance level (each as the come, and/or break, at a time), positioning accordingly as the charts develop).

Meanwhile, can you please AMZN chart? you did not cover it this morning

The S&P 500 very much matters. I covered SPY in this video, showing it also backtesting the 200-day EMA from below today. If you click this link, it will start at that point in the video: https://youtu.be/UmjOZ9qtdRI?si=tHHejcZq6qOo9FbG&t=1066

I will often scale out of a position, whether I am scaling out of a profitable position as it starts to my into a price target “zone” as well as stopping out of a position that starts to enter a stop out “zone”.

The majority of my trades have single price level price target & stop loss levels while some, especially when I am positioning for a longer-term swing or trend trade -OR- my degree of confidence on exactly where the reversal will come for the trade I am positioning for (both apply, in this case for the QQQ long-term swing & trend trade).

Say, for example, I re-loaded to a full short position at the bottom of that scale-in zone on QQQ and QQQ does go all the way up to that key 500ish resistance before reversing, then I’d have to ride out a 7% draw-down on the position & then it would need to drop another 7% from there to get me back to my entry point… and that assumes it doesn’t continue higher in which case I’d have to take at least a 10% loss (if stopping out 3% above the 500 resistance).

Basically, I scale in or out of positions when I see a likely trend reversal point but it is more of a range vs. a more precise single price level, trendline, etc… Ditto for scaling out of a losing trade.