Trading options for a bit now, wouldn't call myself a pro, but definitely not a novice. TA swing trader using the D or 4h time frames. As of April I've hit my first goal of growing my 35K account to 100K. 250K is next! visit me at thetraderreset.com
If this is a repeat of 2020, then I am going with the bulls on this. In this video I walk through what I am seeing in the overall market and how I chart my stocks. I have personally been in and out of trades and it was chipping away at my profits, so it was time to reset! The best way for me to do that is to to walk through my charts, update my levels as needed,...
AAPL remains in a clear downtrend on the daily timeframe, with lower highs and lower lows intact. It gapped below yesterday’s low and is trading beneath all daily moving averages. The broader market (SPX) is also showing weakness, supporting the short thesis.
What I See:
Price has failed to reclaim the 10EMA and rejected at prior breakdown zones.
There’s room...
When in doubt, leave it out < I remember being in a training class for my first job out of college and my teacher said that. She was talking about dress codes, and that if we had a doubt like...is this work appropriate, then the answer was no. This quote has stayed with me and even proven useful in trading. Right now we are in indecision on a lot of names. No...
*downtrend line < I said uptrend line near end of video for a downtrend line, so don't get confused...plus an accidental video appearance lol
RDDT! going sideways since the end of last month, and still below major moving averages. In some ways I still think this is going to chop. Doesn't mean you can't trade on the smaller chart timeframes but we need to see a...
Last week I was all in the news and while I do think it's important to stay alert in an environment where our reigning president enjoys dropping posts intraday, I do still support staying out of the general news. It will not only drive you crazy, but it will cloud your judgement. Just watch price action and volume, stay calm, and adjust you risk as needed.
🟢...
SFM broke its uptrend line from July 2024 during the week of March 3, 2025. Over the last three weeks, price climbed back toward that broken trendline, testing the underside of the and signaling resistance and potential confirmation of the breakdown.
This type of retest and rejection setup is often a classic reversal signal. On the weekly chart, a potential head...
Price as of my analysis: $113.76
NVDA is sitting at a major horizontal support zone around $113.50. This level acted as strong support in June 2024 and again in September 2024, where it launched a 34% rally toward the $152 range. Price is now testing that same level again — this is a key decision point.
If this support breaks, my first downside target is...
The S&P remains in a broader uptrend that began in late October 2023, but this week we saw a test to that structure. Price dipped below this key uptrend line but quickly reclaimed it, finding support on this line as well as the weekly’s 20 EMA. In Friday’s trading session, we saw a high-volume reversal, which could signal a potential bounce. The bigger question...
A strong reaction to ABNB earnings put this ticker back on the map for me. Now lets see how it plays out.
Short term bullish momentum: We could see this week, (especially if the NASDAQ and S&P break through to ATHs), this continue up toward 169 before digesting some. If it does this, the retest could be at 161-163, the top of the breakout candle body or wick, or...
GOOG remains in an uptrend, with its price potentially bouncing from the uptrend line started in September. This week I've got this on my list for a trade to the upside. Early entry would be a rise above $188 (a reclaim of the 4h 10EMA), though I am likely to wait for the reclaim of the 20EMA. I want to see high volume here and the market either flat or rising....
If SA can break through the key level at 17.5, this may work its way back up to it's ATH established mid October and maybe surpass it. Key level identified at the area of my solid white uptrend line and the 50SMA on the daily chart, and the area right above the 10EMA on the weekly chart.
Earnings is on the 15th so you would want to pay attention to that.
The...
ABBV had a solid reaction to earnings. The tight consolidation over the last few days supports a bullish momentum holding up. Volume declining over the last few days (when price has been declining) typically means a healthy consolidation before a continued rise.
While the price may/may not continue down a bit more, if it starts to climb back up, the 201 area...
Between 131 and 136, NVDA has experienced resistance and fallen back into its base twice on the weekly chart:
This area can act as support if the stock allows. I would consider a call option swing trade using the daily chart time frame if the price moves above 138.5 with a stop at 131. If it does break and go, my first price target would be 144 and if it...
The key level to monitor here is $18. SA took a tumble after establishing a recent high (not ATH) at 20.55. As of Friday it is still holding its long term uptrend line that started in February.
How I would play this:
A call option to capture the swing on the 4h chart when price closes above of 18, with a stop at 17.5. If it works and I can cover my initial cost,...
Today I am sharing a snippet from my free weekly newsletter I send out each Sunday night (www.thetraderreset.com). I would love to hear what my fellow swing traders think the market may do this coming week.
Here are my thoughts:
Anything is game right now in the market. The pullback from last week paused at a key level as indicated by my yellow lines. If we...
I spy a double bottom on the weekly. If MSFT can break above the neckline of this double bottom around 441, we can take it up to 468 (it’s previous ATH). I would expect a pull back or some basing here, but then see potential to create new high after. MSFT is currently holding above its downtrend line formed from July and September peaks.
If it breaks down: I not...
Best Buy (BBY) has just broken out of the base it established back in November 2022. The reaction to the most recent earnings is strong and yesterday June 4th 2024, BBY hit the same high from February 2023.
Idea 1: It can blow through this line top line and continue its climb. If this is the case, I will likely get in when there is a short (a few days to a week...
