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 firstname.lastname@example.org. I’ll let you know my thoughts on a few submissions in a future video.
“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 😊”
“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.”