Momo Market Roundup, 4/08/2022 — $SPY Trends Higher… $WMT Quick Morning Long… $TSLA Texas Factory Open… 

 April 8, 2022

By  spectre_trades

$SPY Trends Higher

SPY made higher lows today while QQQ was making about the same as the previous day. Potentially if we clear 450.5 we may see some rally next week. If you got short later on in the day vs the 450.5 level you got a nice clean level to level move into the end of the day. 450P from 1.1 to a high of 2.75.

$WMT Quick Morning Long

WMT had a nice reclaim of our 157 level and moved higher before lunch. If you grabbed the 157.5 calls for 25 cents they went to an easy dollar just shy of our level! Great way to end the week.

$TSLA Texas Factory Open

TSLA had a tour of it’s new factory in Texas last night.. We thought maybe it would cause some pop in stock but with general tech weakness it offered a short opportunity out of the gate. 1050P from 13 to 27 before seeing a reversal.

Two Hour Trader Student Results

Great results going into the weekend. Great job everyone. Lets see what next week brings!

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

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