It’s been a wild week.

Yesterday the markets rebounded after a new US labor-market reading helped ease fears about a more pronounced slowdown.

All 3 major groups indexes advanced, and the stock market recorded its biggest single-day gain since 2022.

Still, with the inherent volatility we’ve seen this week, I’ve stressed traders should remain selective and only trade the best setups they can find.

Which brings me to today’s TGIF watchlist pick – Alibaba (BABA).

Alibaba is a Chinese multinational technology company, specializing in e-commerce, retail, internet and technology. It’s one of the world’s largest retailers and e-commerce companies. It was also rated as the fifth-largest artificial intelligence company in 2020.

There are several reasons I like BABA’s chart right now.

First, it has two A+ squeezes on the daily and 195-minute chart. It’s also trading at high volume at 8.7M.

Second, its set to report earnings next Thursday on August 15th and recently announced a dividend which was paid on Friday, July 12th.

Normally I like to have a longer trade window with earnings setups like these, but this chart is a good candidate for a short-term trade with a fast potential gain.

Action Plan: With multiple A+ squeezes on my S.A.M. Scanner, Alibaba is one of the most enticing trade setups for me right now.

And despite this week’s rocky markets, my S.A.M. Scanner has been helping me find winning setups day after day.

This week I closed a monster 221.85% gain on LUMN in 5 trading days. Overall, I’ve closed 5 of 7 trades in Daily Profits Live for winners (71% win rate) this week.

So what are you waiting for? Click here to join Daily Profits Live today and get all my A+ setups.