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Momo Market Roundup, 11/4/2021 — Day-Two Rips + Earnings Dips = Big Moves 

 November 4, 2021

By  spectre_trades

Another Wild Day in the Market

This is the second day in a row of the market moving way more than we expected. I'm getting a little concerned that these are all blowoff moves, and we may see some exhaustion for profit-taking in the next few days. Stay sharp, guys!

NVDA Rips on the Upgrade

NVIDIA Corp (NVDA) got upgraded and took off like a rocket. If anyone took 290 calls in the morning, they could have watched them run up from $3 to $20 by the end of the day, almost 7x. What a ride.

AMZN May Play Catch-Up

Amazon (AMZN) broke over its recent highs. We think it may be playing catch-up with the other big tech names that have run up in recent weeks. We're looking for it to break over 3500 tomorrow.

MRNA Dumped Big After Earnings

Moderna Inc (MRNA) popped perfectly into the 295 level after their earnings report, then dumped to the 280 level, a nice little 15-point move if you caught the opportunity to go short. We're watching to see if 280 breaks tomorrow. If it does, we could see another 20-30 points of downside, another killer short opportunity.

ROKU Also Dumps After Earnings

In the wake of a disappointing earnings report, Roku Inc. (ROKU) had a nice pop into our 308 watchlist level, filling the gap at the open. That gave us a nice easy short opportunity as it flopped back down to the 286 level. 

Member Trade of the Day

Edumomo member Elon Pepe went long on AMZN and Advanced Micro Devices Inc. (AMD), short on Netflix (NFLX), and cut Meta Platforms Inc. (FB) at just the right time. The result — almost 65.5% account growth for the day! Congrats!  

With good planning and patience, especially in this market, you too can have serious account growth.   Come learn to trade with us.  Request an Invitation

spectre_trades


Momentum Trader. Technical Chart Analyst. Always on the hunt for 3x or better reward to risk.

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