Doubling down on the coming rally ???

Last week didn’t play out quite like I’d hoped.

With both SPY and QQQ oversold and overextended to the downside, a bounce seemed likely.

Well, the market had other plans. The bears pushed it even lower.

Folks, that’s just how it goes. There are no guarantees.

If I was optimistic last week for a rebound (if only in the short-term), I’m even more so this week. (Let’s go bulls!)

In my morning Bullseye Trades subscriber room and during our live discussion this morning, I went over the technicals for my bullish thesis.

My trade idea of the week is a sector ETF, not a stock.

A beaten-down sector that could see a significant short-term run to the upside. We’ll discuss some bullish catalysts in a moment.

Now let’s get back to those catalysts…

My full trading game plan went out to Bullseye Trades subscribers this morning.

The two most important catalysts this week are NVDA earnings on Wednesday and Powell’s speech on Friday at Jackson Hole.

NVDA may be the single most important earnings announcement of the season (maybe the year).

This mega-cap tech company is heavily involved in both AI and semiconductors, so whichever way it moves, the market will follow.

The graph below shows a predicted move of nearly 10% based on the options market.

As usual, I’m not playing through earnings, but a run-up into Wednesday evening’s call seems likely.

The bond market has been one of the headwinds for stocks as of late. It’s my bet that Powell will take a dovish tone on Friday.

He’ll likely calm the bond market and give a bit of a boost to stocks.

Good for the market and GREAT for us!

Any bullish trades I make this week will be super short duration.

I don’t want to have any BIG positions going into NVDA earnings, but I am building positions right now that are betting the market is going up from here, at least for the short-term.

They may blow it out of the water, but in this market, we’ve seen what can happen even to companies who beat estimates.

Remember, we’re “priced to perfection here.”

Investors expect a lot and will be paying close attention to NVDA’s forward guidance.

I promised we’d talk about generating trade ideas, and if you were in the live room this morning (why you’d miss it, I don’t know ?) I gave away plenty.

We’re in a pullback from an uptrend that’s been going on since March.

I start by looking for stocks that have been consolidating on the 1-hour chart and are trending above the midpoint of the Keltner channels.

That’s the basis for what I call an ideal Gamma Trigger setup (it’s my bread and butter trade).

Keep your eye on NVDA – a stock like this could make a mad dash up into earnings.

Whatever happens after the call, you can expect it to have a ripple effect across the entire semiconductor sector.

And also keep your eye on SMH, SOXL, INTC and AMD.

Remember, Bullseye Trades subscribers got my single best trade idea for the week this morning.

…And I’m now adding a second potential trade on my alerted ticker – a debit spread. So you now get two potential trade ideas in each email!

I’m excited to see how this week’s Bullseye Trade plays out. While not every trade is going to be a winner, I am already up around $1000 in the first couple of hours after making the trade with everyone this morning, so no complaints on my end…

Hopefully, it will end up being another smashing success like BILL recently.

I sent that trade idea and complete game plan to subscribers.

Look at the detailed plan they received that morning before the bell.

Notice that this is much more than some simple “stock pick” idea.

Rather it was a comprehensive plan including all key levels I would use if I decided to take the trade.

It turned out to be one hell of an idea!

I was excited to report the results in the following week’s subscriber email.

My BEST IDEA each week goes directly to Bullseye Trades subscribers each Monday. Sign up and get my complete game plan before the market opens.

But you’ll get even more…

You’ll also have unlimited access to our training library, trading ebook “How to Become an Alpha Hunter,” and alerts on trades I make sent directly to your Raging Bull app.

Bullseye Trades isn’t just an alert service. It’s a full educational system to hone your trading skills.

Everything you need to help you become a BETTER TRADER!

Stay tuned for a complete update on how this week’s Bullseye Trade worked out. And tomorrow, we’ll discuss profit-taking levels, something many traders struggle with.

Oh…one last announcement.

I want to welcome back the Warlock of VWAP, Kenny Glick. He’ll be trading live every day this week from 10:00-11:00 EST – COMPLIMENTARY.

Click here to join Kenny’s room daily at 10EST.

P.S. Remember, today is the last day to upgrade to “Alpha Hunter” at the ridiculous 70% discounted price. You will get access to my $120,000 journey and all trade alerts & game plans I have. You should call Jeff Brown @ 800-585-4488 or email ([email protected]) before 5pm today to lock in the special discount (payment plans are available, too!).

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