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Momo Market Roundup, 5/27/2022 — $SPY Continues Onwards And Upwards… $NVDA Shrugs Off Earnings Miss… $AAPL On The Move… 

 May 27, 2022

By  spectre_trades

$SPY Continues Onwards And Upwards

SPY and the Q’s continued to rally today.. Bears tried a few times but with not much success. We probably need a pullback into the next week… but as options unwind things can get pretty crazy. We opened just above our 407 for a nice opportunity to get long.. And basically it was an all day trender. You needed to sit through a lot of consolidation but it eventually broke out into the end of the day. 410C at open was about .8-1.0 and went to a high of 5.7 into the close. Excellent.

$NVDA Shrugs Off Earnings Miss

NVDA has shrugged off the earnings miss and rallied with the general market. Now 30 dollars off the lows and chugging along nicely. We love NVDA it generally provides lots of momentum.. And momentum is the name of the game. You could have grabbed calls when NVDA broke low of the day and immediately reclaimed… it then reclaimed the level above… and the level above that. 180C was 3.5 and went as high as 8.69.

$AAPL On The Move

AAPL was on the move… and when it moves it helps the general market so much. The market can’t go anywhere without Apple. It had a little gap up and gave us a few dips into VWAP and a reclaim of our 146.5 level. These are setups we love. VWAP is excellent for helping with our thesis. 148C was only 20 cents at the open and went to 1.66 into the close.. boom!

Two Hour Trader Student Results

Great work slava on the extreme account growth!

spectre_trades


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

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