Why I’m Bearish on Big Tech
Today I’m going over one of my favorite short charts.
It’s a major AI company with a 60-minute squeeze and a few other potential catalysts.
I also have a long trade setup for you and some thoughts on the prospect of a Santa Claus rally.
Click the image below to see this week’s trade setups.
YOUR ACTION PLAN
Microsoft (Nasdaq: MSFT) has a beautiful weekly squeeze, a noticeable momentum shift and a perfect pattern. I’d like to buy the December 15 $350 calls on a dip toward $330.
If you’d like more trades like this one in real time, I recommend joining me in Daily Profits Live. Last week I closed a 60% winner on the iShares Russell 2000 ETF (IWM) in less than 24 hours.
P.S. I love answering your questions. It’s the best and most rewarding part of my gig. If you have a ticker or chart you want me to break down – or just a general trading question – please email me at feedback@monumenttradersalliance.com. I’ll let you know my thoughts on a few submissions in a future video.
TESTIMONIAL TUESDAY
“Glad NateB loved MSFT; $342.50 call; in at $1.31, out at $1.80 for 37.4% gain [in less than one trading day]. Tks 😊”
– Michele
“INTC BTO 17 Nov $33.5 calls at $1.23. Sold to close at $3.03 for a 144% gain [in two trading days]. Thanks War Room.”
– tlee9999
More from Trade of the Day
Five Companies I’m Bullish on + My Top Q1 Strategy
Jan 17, 2025
Is Your Asset Allocation Right for You?
Jan 16, 2025
What the “Rule of 5” Predicts for 2025
Jan 15, 2025
How to Make 157% Overnight When Markets Crash
Jan 14, 2025