To the Moon!
Daily Plan 5.21.24
Hello-
This was another session where we delivered value for our subscribers. Whether that was a GME, ZIM, or a TTD. See below from my post from September when I became bullish on TTD at 60 bucks. Today it is knocking at doors of 100. When you subscribe, you not only get access to emini levels but also access to my TOP ideas in NYSE common stocks, Crypto (Bitcoin 56K to 70K), bonds, FX, oil, Gold and other commodities. Plus entertainment. Great value if you ask me. Soon I will split this Substack into two- one for NQ and ES. And another for Common stocks. Chatroom could be a separate tier only for the Founders. Together both will cost upwards of $100 a month, but anyone who is subscribed now will be grandfathered in. This is my commitment to existing readers and will never change. You cannot pay me any amount to change this commitment.
Look at my call in GME for example. I was a bull at 20. The stock was down big, like 15% and ended the day green. In fact it is now approaching 24. Shared with folks every day, such ideas, 250 days a year!
Levels for tomorrow
Tomorrow we have Canadian CPI and FED Speak on the tap. This could be a volatile session.
My key level tomorrow will be 5290-5305. We are now 5329.
Scenario 1: If there are any dips in 5290-5305, they may be supported for a move back to 5329.
Additional scenarios may be shared before or at the open. Via chatroom below.
Resurgence of commodities?
I think the market has made up its mind that the FED is going to cut rates now regardless of what the FED says. This is abetting new interest in commodities. For example look at WEAT.
It is the WHEAT ETF.
It is 6 dollars now. I think if 5.5 to 6 hold on WEAT, this looks robust. I think if 5.5 holds, it may trade up into 8-9.
Lots of other ideas are taking shape which I will be sharing soon. Great time to be active in markets.
Have a great week ahead!
~ toc
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