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Is the Market Ready for a Bounce? Also Twitter and Elon Musk in the News Again!

Stocks rallied for a second day.  The major indices opened higher and never really lost ground, closing near the high of the day. The  S&P 500, Nasdaq Composite, and Dow Jones Industrial Average rose more than 5% in the last two sessions. Hopes that the Fed will slow rate hikes is what drove today's upside momentum. Is market ready to rally? Also Twitter and Elon Musk in the news again! Watch this video to get the technicals and what to expect moving forward. Good trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your ow

What to Do When Market Is in the Toilet? Don't Trade OR Day Trade!

As we all know, 2022 has been a painful year, and it continues to be so. What works during a bearish market are a few strategies: shorts, inverse ETFs, holding cash positions and day trading. Today we take a look at ATXI and see how we day traded it. Watch this video to get the technicals. Good trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is

Kal's Option Trade of the Week - TLT Skewed Iron Condor

Well, bonds have been quite the talk of the town over the last week as they have been in a pretty heavy downward spiral. But with the huge drop comes a rise in volatility and we LOVE volatility. Since this Bond market has gone down so far so fast, as contrarians, we are going to skew this Iron Condor slightly upward (meaning the Put side is closer to the stock price than the Call side). Meaning, we are betting that it will stay in a range but we will leave more room to the upside because we feel it is closer to reaching its lows than possibly bouncing back to some highs. Watch this video to get the trade details. Hope you enjoy it! Kal Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other tradi

Steady Opening Followed by an Explosive Day Trade Rally

Today we cover a day trade we picked up right out of the gate, for a whooping + 30% gain. Watch this video to get the technicals and what to expect moving forward. Good trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is not an offer to buy or sell stocks, cryptos, forex, futures, options, commodity interests or any other trading securities.

Bitcoin: Is the US Government Thinking of Getting on Board?

Today we take a look at the technicals for Bitcoin and Ethereum. The crypto market is starting to stabilize above recent lows. There were comments made on Thursday by the Security Exchange commission (SEC) chairman Gary Gensler, signaling that the SEC is supportive of the commodities regulator (CFTC) having Bitcoin oversight. This is a positive sign in the journey toward crypto regulations and market stability. In addition, Ethereum is rolling out their 2.0 version which is currently going well.  The full version of it won't be available until 2023. However, so far all the security concerns and other issues related to the merger has been set aside.  Let's see how the crypto market respond and continues to evolve moving forward. Watch  this video  to get the technical insights. Good trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own

Fantastic day trade as company phase 3 trial met primary endpoint. Plus, market update 📈 📉

IVERIC bio (ticker: ISEE) announced today positive top line data from their Zimura GATHER2 phase 3 clinical trial. The ticker was in our focus list, so we were able to get an early start of the day trading action. Watch this video to get the technicals and what to expect moving forward. Good trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is not

Snapchat (SNAP) Layoffs: What This Means for the Stock

Snapchat's (SNAP) shares rose as early Q3 guidance surpasses expectations, boosting those of its competitors (10.86 +0.85). After reporting early Q3 revenue guidance of roughly +8% yr/yr, Snap (SNAP +8%) moved higher today.  Today's prediction is a welcome surprise since the social media giant stated last quarter that it would not provide official quarterly guidance owing to economic uncertainty. This is especially true given that as of late July, quarter-to-date sales growth was roughly flat. SNAP's other announcements were not as optimistic, despite the focus on its preliminary revenue forecast today. SNAP confirmed yesterday's rumors that it would let go of about 20% of its workforce and that Netflix (NFLX) had appointed two SNAP executives to run its advertising division. Last quarter, SNAP drastically reduced its employment rate as part of its plan to improve its declining free cash flow. Company restructuring continues. It is also important to note that sales g