I hope you all had a great weekend. We have October expiration this week and likely a slower broad market which means impatient amateur traders will do anything to manufacture volatility. Or, you could just go to the easy set ups….
China and Chinese stocks should move well
Crude oil should be in play too
One of the best ideas I like this week is to see a QQQ 0.00%↑ breakout to ATH and with that dragging up AMD 0.00%↑
Any check back is likely a bear trap and $173-$175 once broke should ramp this name to a measured move + a double top at $183-$185 making this a nice trade to look at putting on.
Netflix reports this week as well and I think that will certainly drag around the rest of the Nasdaq tech names so we’ll see what that does but overall I am bullish based on technicals with the market at large.
In short - check backs should be bought.
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