Today’s daily trading watchlist rides on one thing: QQQ defended the 20-SMA + prior breakout and trended. We faded late on NVDA hoopla, so tomorrow’s job is simple—hold the 20-SMA and I stay bullish; lose it and I let it drift toward the 50-SMA and reset.
Market read (fast):
- 20-SMA defense = buyers showed up where they had to.
- If that level goes, I stop forcing longs and let bases reform.
- Earnings tape is spraying opportunities—gappers with range/liquidity win.
A-List Trades
- LMND – Earnings gap-and-grind with 50M-style liquidity and clean sashays. Best case is a weak open → red-to-green through opening range highs; risk under OR low/VWAP. Targets: 100 → 105 → 115 if it stays one-directional.
- AMD – Bears tried to crack it; bulls defended the breakout + 20-SMA. I’ll buy higher-low holds above 9/20 with room to recent highs; lose 20-SMA on volume and I’m out.
- TSLA – Vote catalyst. 470 is the line; heavy 480 call flow in play. Break and hold above 470 with volume = go; fail and it’s a fade back into range.
- QS – PR pop with ~50M shares. Not an open-print chase. I want the 10am confirmation: undercut → remount VWAP/9EMA → scale into the trend.
- BE – Daily trader: liquid + double-digit ATR. Treat it like a futures contract—respect levels, keep stops mechanical.
- CIFR ↔ IREN – Same trade family. If one stalls, pivot to the other. Use VWAP as your governor.
- SOFI – B+ swing look above the 20 if it tightens one more day.
- SHOP – Textbook 50-SMA tag + bounce. I want a morning meander (higher low) then push.
- W – Earnings flag in the bone zone; breakout/stop is clean.
- DOCU – Needs more time; treat as a swing only after a tight box forms.
Execution Rules (don’t skip):
- Congeal rule: Let patterns tighten before you press (no first-slice pizza hands).
- Location first: R2G or 9/20 remounts at real levels > predictions.
- Scale outs: Pay yourself on pushes; don’t turn winners into “hope.”
- Hard stops: No “mental” stuff—mental stops are how accounts disappear.
- Theme rotation: If two ideas in a theme misfire, rotate—don’t grind.
Check out the New Live Options course starting up in a couple week! Here is the Early Bird Special
👉 Want my full strategy playbook and live daily mentorship? Jump into the 60-Day Bootcamp.
About the Author
Kunal Desai is the founder of Bulls on Wall Street and has been teaching traders how to dominate the markets since 2008. Known for his live trading bootcamps and hilarious market analogies, he’ll make you money and make you laugh while you learn.
