Daily Plan 4.25.24
Hey guys-
You can see in last couple of days the value of this publication as we navigated landmines like SPX at 5000, then today at 5130, TSLA ER which I was bullish, META ER that I was bearish- this begs the question, why are we not raising prices for the Substack.
The short answer is I have been waiting for a way to deliver more value. This I found today that I can send chat updates directly to Founders. This was not possible earlier. As Substack adds more features, they will be included at no cost to any one who has been grandfathered in.
Some days, there can be as many as 4-6 setups in a day in Emini and NQ alone. So I want to share more frequently and having chat access for Founders exclusively allows for this now. This means we have to have a higher barrier to entry to this tier of membership. These changes are coming soon, stay tuned. But I assure whoever is currently subbed will not be impacted by this change. Please just keep your payment method up to date.
If you have any issues, contact Substack support, I have absolutely 0 control over the back office admin and payment side of the house.
Frankly, when you look at the move in TSLA from 137 to 167, META from 510 to 430, it makes no sense to not be a subscriber. Most value add content is here on the Sub-stack. No where else.
Key levels for tomorrow
I like 5060 as key level tomorrow. We are now 5074.
Scenario 1: As long as 5060 holds in cash session, I expect another swipe at 5090-5096.
Scenario 2: The elephant in the room tomorrow is going to be MSFT. I think we may not sell hard below 5060 or so unless MSFT really bombs. MSFT has recently reclaimed the throne of the most valuable company. It is now trading 400 or so. My key LIS on this will be 395. I think as long as it remains above 395, we could surprise to the upside and trade into 410-413.
META
I called for the gap to fill on META longer term at 510. The gap sits at 400. The stock has sold down to 430 at time of this post.
I think 400 gap if filled could bring some relief for stock for a move back to 420-430 area.
~ tic
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