The Nasdaq100 NDX Cycle Turned Bullish
The NASDAQ100 shows the majority of components higher in pre-market trading as the cycle continues it’s bullish turn.
NDX100 Cycle
The cycle tends to last for a few weeks. The cycle is a reference point and one of many system checks we use on a regular basis. Note the cycle is well off extreme levels we usually see at peaks.
We’ve noted recent dips in the cycle would most likely be good entry points for institutions and for members in the trading room alike. Use the Trade of the Day set up for entries and exits and stops.
NDX100 Top 20 – Most Active
The top 20 most active stocks in the premarket session are sorted by %Change. These tend to stay near the top, so look to these candidates for day trades.
We are managing swings on AMZN, AVGO and MSFT. All three had substantial options flow on Monday.
We took profits in AMD, NVDA, and SBUX. CELG was an add.
Futures are green. The U.S. Dollar is lower and back below a recent breakout zone (< 95.00). European markets are trading higher this morning. Asia markets closed higher as well.
Tune in for the LIVESTREAM broadcast during market hours. See you at 9:20 AM. Come watch, listen and trade LIVE!
Happy Trading,
Vinny
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