March 31

Momo Market Roundup, 3/31/2022 — $SPY Consolidation Breakdown… $AMD Death Cross… $NVDA Dip And Rip… $NFLX Quick Gains


$SPY Consolidation Breakdown

SPY opened about where it closed… and did not do a whole bunch most of the day. That is okay. It gave us one nice level to level move and we couldn’t ask for much more. However once it finally broke the consolidation we saw a nice quick move and additional level. We are all about positioning and patience. 457P made a solid move from .67 to 4.8.

$AMD Death Cross

AMD had some downgrades overnight as well as a death cross on the daily.. So we were keeping an eye on it. If you grabbed 115P at the open risking vs the level above it gave you some nice profits.. If you reloaded along the way you had some excellent profits! 115P from 1.5 to a high of 6 dollars halfway between our two levels.

$NVDA Dip And Rip

NVDA did the opposite of AMD in the morning and went for takeoff after some initial selling… that’s what we like a chance to scoop some cheap contracts. If you went long on the reclaim of the 275 watchlist you hit multiple profit targets above. 280C from 2.25 to a high of 5!

$NFLX Quick Gains

NFLX was selling yesterday and it continued today. If you got short on the break of our 382 watchlist level you were off to enjoy your day before lunch hour. 380P went for about 3.5 and made the move to 8 bucks. Solid.

Two Hour Trader Student Results

Great effort and encouragement all around from all the team.

Great Effort Award

Member Johnny K has really been putting in the work and asking lots of great questions regarding his trades. We love to see that as it shows great commitment. If unsure we always love to help!


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