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Momo Market Roundup, 5/26/2022 — $SPY Trend Day… $BABA Earnings Beat… $TSLA 700 Reclaim 

 May 26, 2022

By  spectre_trades

$SPY Trend Day

SPY had a nice trend day… first in awhile… especially to the upside. The levels provided the guidance to take profits and ride it into the sunset. Amazing day for plans and execution.  400C at open… just above the 398 watchlist level was only 2.5 bucks. These contracts went to 7.6 at the highs.

$BABA Earnings Beat

BABA had earnings.. And they beat. The Chinese stocks have been so beat down so this is good news for them. It ended up gapping up and continuing with the general market. 90C was between .5-1.00 and went to a high of 5+

$TSLA 700 Reclaim

TSLA was on fire with the market as well. It opened near our 660 level and consolidated for a bit.. But quickly reclaimed and it was on its way. Once it cleared the prev high from yesterday there was no looking back. 700C was 4 bucks on the 660 reclaim. These went to 25. Insane day.

Two Hour Trader Student Results

Great day.  When we get Momentum and our plans work, out students are absolutely crushing it.

spectre_trades


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

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