Trade Plan for 9/24

The weekly post should be reviewed prior to this. It includes a free video on QQQ 0.00%↑ and SPY 0.00%↑

Link to The Week Ahead

The NMM 0.00%↑ swing had a monster day today and I’m still Targeting $67.77 barring some kind of news out of the blue (it’s a shipper after all)

We entered a long on MO 0.00%↑ today and it is off to a good start. The 50.6 entry was posted (as was NMM) in the new “Pharm Trades” room.

Note how it based above 50.5 after stalling in the 50.75 range.

GOOGL 0.00%↑ and AAPL 0.00%↑ had consolidation days so I’m feeling pretty good about taking profit Friday. We’ll monitor for add backs.

After a wild overnight session SPY 0.00%↑ was pretty boring today. The look below and fail of 5748.5-5749.75 long overnight was definitely the trade of the day as it collected 35 handles or so. Once again the Euro session got the goods.

I took one trade during cash session and the setup was posted on X and in the discord ahead of time. The entry was limited to the discord. After sweeping $568.25 SPY 0.00%↑ never traded lower and resolved $1.70 (18 handles on ES) higher. Not an amazing trade but given the range of the entire day was $2.20 I’m sure we’ll take it.

When the index goes into digestion mode I like to start looking at more individual equities to catch rotations, but we’ll look to catch the meat of each day on the index as well.

Any new or prospective members are encouraged to read the free blog section on my website to have at better understanding of some of the concepts we cover. PharmDCapital.Com

To learn more about how I trade, see the post “What is Trading Doggy Style” Here