After a long rally in which we saw several big tech stocks go up and up, we finally got a pullback over the past few weeks.

This is great.

Even with today’s surge on the Nasdaq, stocks are at more tradable prices, and now we can get into some tech names on the long side without chasing the highs of tech whales like Nvidia (NVDA) and Apple (AAPL).

I go over one of these names in today’s video.

Click the image below to see my latest trade setup.

YOUR ACTION PLAN

The Trade Desk (Nasdaq: TTD) has a very clean setup for my TPS system on the 195-minute chart. Right now I’m looking for a momentum shift in the squeeze. I’m also looking to buy the July 21 $75 calls on a pullback to about $74, which is the 21-day exponential moving average on the daily chart. If I get filled, I’ll use a close under $72.50 as my stop, and my target will be a move toward $80.

(Click to enlarge)

With the markets the way they are right now, I believe credit spreads will be the most consistent way to trade going forward. I’m aiming to use this exact strategy on some of the trade setups I’m seeing in Daily Profits Live. Last week I took a triple-digit winner on NVDA in seven trading days, and I’m currently on a mission to turn $37,000 into $1 million in verified trading profits.

Click here to get in on the action.

TESTIMONIAL TUESDAY

“2 Contracts [of PYPL] out at $1.02, in at $1.60 for 55% win [in 49 trading days]. Thanks Karim!”
– Dave1st1ret

“Daily Profits Live trade – UPST Bought to open 7 Jul 31 calls at $1.75. Sold to close at $2.80 for a 59% overnight gain. Thanks Nate. Thanks War Room.”
– Tlee9999