TMAD Spotlight: Great Charts Shaping

$NOW $MSFT $SNOW

Hi everyone,

What a day. Was much needed. We broke out all the resistance levels and we’re in striking distance from all time highs. We are cautiously optimistic and we will be looking at some great setups today.

Our NOW 0.00%↑ (purchased at $98), MSFT 0.00%↑ (purchased around $368, posted deep dive on this name multiple times in the past months), and SNOW 0.00%↑ purchased at $285.

We’re still holding most of the other trades. As we explained in the trade log, the summer has been choppy, and we’re taking a slightly different approach: more longer-term conviction based on long-term GEX by Expiry (see the TMAD app) and smarter positioning without such tight stops.

Example: In the TMAD app, under GEX BY STRIKE, choose short-, medium-, or long-term. $100 is a put GEX wall on a long-term view, and $150 is the GEX call wall, which is our target. We entered at $98; now we have strong support above our entry price, so we should be safe. Of course, nobody can control the market, and we could dump below if any bad news hits, but we’re looking at probabilities here.

Also NOW is on a resistance we need to break so there is a bit of headwind but once we get above the $115 level, we’re good to go higher first towards $120-$130.

Let’s now look at SPX levels and some excellent looking charts!