Today in Focus: Quiet Wednesday

Trading Services I Use in my Trading:

StockAnalysis.com - I’ve been using Stock Analysis as an affordable but reliable method of looking at New and Upcoming IPOs, Earnings Calendars and most notably KPIs (Key Performance Indicators). Stock Analysis allows you to view the KPIs for many companies with up to date metrics and segments that you can cross reference against Earnings Results. This is incredibly important when understanding what metrics move a stock. At $65 per year it’s a no brainer. They’ve given me a discount code if you use IRISHBORNINVESTOR they will give you another 10% Off.

Market Condition: Market Bounce

Commentary: Closed below 10EMA yesterday on the QQQ. Generally in uptrends it bounces back above that quickly within a couple of days. We’re gapping up this morning. I don’t particularly trust it just yet. We have NVDA earnings tonight which will be important but I think it’s likely they beat and raise. Anything less will be bearish. How the stock actually reacts is anyone’s guess. I will be holding a portion of existing NVDA position through earnings.

Lot’s of names bouncing well on 20EMA. Hard not to get a bit of FOMO here but stick to the process and wait for Catalysts to hit. I’m watching some Delayed Reactions posted below but I don’t see any new catalysts for today.

Current Positions: MRAM, BW, SBUX, AAPL, NVDA, GOOG, BAND, AKAM, TWLO, DELL, TH, INOD, GUSH, FIG, CMPS

Delayed Reaction Watchlist (TradingView Link)

_{Note: This is my methodology for identifying stocks in play. There are many valid approaches to trading catalysts—find the setups, timeframes, and risk parameters that align with your strategy.}