Here we are, April 30, 2018 the last day of the month. First 4 months have been a blast to trade. The ups and downs and yet we are all still here! Before we start the summer trading season, you know when they tell you to "Sell in May". Let's take a look at what potentially lies ahead.
All eyes this week are on Apple earnings. Did you know that Apple (Ticker Symbol: AAPL) makes up nearly 11% of the QQQ ETF and 3.68% of the SPY ETF? I'm expecting to play it quiet today ahead of their earnings announcement after the bell on Tuesday. We have several names announcing this week and we posted a chart from Earnings Whisper in our room and you can view it below. In fact, I wrote a code for our members to add to their watchlist so they can see how many days until earnings and no more looking it up. Now of course our community of traders are always on their toes and update each other on earnings events and opportunities at hand when it comes to our favorite earnings trades. Check out this weeks earnings below and the code that all of our members received to add to their watchlist.
So what does the week have ahead? We've already seen a great report out by McDonald's that go the DOW moving and AAPL pre-earnings is moving. The $tick are calm but let me show you a few charts I posted for our members to give you an idea of where I think we're headed to.
Now that the morning session of trading is over (I only like to trade to the European close), let's take a look at where we are from the charts I posted above as well as a some trades I've taken.
Here's $400 on oil and $400 on S&P Futures. Oil trade last 7 minutes and the S&P futures trade combined was about 13 minutes. 20 minutes of trading, 3 trades, $800. You may say you hate Monday's but I love #MoneyMonday
On the S&P Futures, I had the $2665 area as support and that's where we currently sit. We break we can see $2757.
Gold chart I want the gap fill and then bounce. We filled the gap and have since bounced 6 points higher. That's $600 per contract!
Nasdaq update has lower to go and I'm target 6600 area. Possible 6575 and it's playing out as planned too.
Someone tells me, "I'm a bonds guy. Using the squeeze and Fibonacci with the bonds has been a great play today. Check out the chart and the trade off my entry".
In fact, the month of April has been great success. Look at a few of the closed trades this month. The average risk has been about $280 per trade and we're a little over $3,400 in total profit. I still have positions on in eBay, SBUX and GRMN. I will hold these over into May.
We are currently offering a discount to our community and you can join by CLICKING HERE or at the top of the blog. With this membership you get the following: