Are we Ready for a Market Bounce?

When markets are in the red, our emotions can go red too.
It’s natural to want to panic, close all your positions and swear off trading altogether.
Believe me, I’ve been there.
But after years of trial and error, I’ve discovered where the buying opportunities lie in any market.
In fact, I’ve been showing Daily Profits Live Open House attendees how to trade market chop all week long.
So far this week, I’ve closed 6 winning trades all in less than 1 trading day, and it’s only Tuesday.
Have all of these winners been massive triple-digit baggers? No.
But they’ve been consistent, steady 25% and 30% gains.
And as tempting as it is to shoot for the moon, I have to take what the market is giving me.
Which is exactly how I was able to close a triple-digit win this afternoon.
You see.. I believed the markets were overdone.
So I got positioned on the SPY for a lotto on a potential bounce.
Within a few hours, the markets started moving back up and I closed the trade for a 100% winner.
This is the power of using momentum in your favor.
The markets hit bottom – and then you’re positioned for a move on the way back up.
Going forward from here…
With tech giant Nvidia reporting earnings tomorrow, I believe there will be more opportunities on a bounce.
I’ve been using my S.A.M. Scanner to find multiple trade setups like always, and one key component I love about S.A.M. is it helps me find squeezes almost instantly.
Squeezes are when a stock is “building energy.” It means the chart is “ready to go.”
So with dip buying in mind, let’s look at some of the top squeezes showing up in S.A.M. this morning.
As you’ll notice above, there are several stocks showing multiple A+ squeezes across different chart timelines.
One of them is ADP, which I’m covering in the watchlist tomorrow morning.
The tech giant Nvidia is also due to report earnings tomorrow, which could provide a key catalyst for a bounce.
I recently got re-positioned on Nvidia (NVDA) ahead of earnings, which brings me to 8 contracts total.
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YOUR ACTION PLAN
Despite the choppy markets, I’ve closed 6 winners this week during the Daily Profits Live Open House.
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