There’s a Bull Flag, Now Just Waiting on a Momentum Shift

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Hey gang.

After last Friday’s “Papa Dow” dovish surge, I believe we’re entering another buy zone.

I could be wrong, but I think Nvidia (NVDA) reporting earnings today after the close will create another fresh slate of trade opportunities.

With NVDA being the tech giant that it is, there’s potential for other tech groups to move on its earnings.

So I’m already looking at several tech groups for potential trades depending on the NVDA reaction. I mentioned Broadcom (AVGO) as one watchlist play on Monday.

But in the meantime, there’s one chart I’ve been following all week that I absolutely love.

That chart is NextEra Energy (NEE).

As you’ll see in the chart above, NEE is setting up with a nice bull flag. It also has stacked squeezes. However, it’s 78-min shift is still forming, and I’ll be waiting for a shift before making a move.

In terms of my trade approach, I’ll be watching for the 9/5 $75 calls if that momentum shift happens.

Action Plan: Add NEE to your watchlist. I believe it could pop over the next few days.

Also, I have a special announcement.

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