August has been a down month for the indexes.

But we broke out of the slump last week thanks to Nvidia‘s (NVDA) earnings, and now we are holding.

For the week ahead, I’ll be looking for a few catalysts that could lead to even higher highs. I break them down in today’s video, and I also go over a call debit spread trade I’m looking to make.

Plus, I answer some of your chart questions on Nio (NIO), ASML Holding (ASML) and others.

I have lots of good stuff for you today – click the image below to see what I’m looking at.

YOUR ACTION PLAN

As you can see in the chart below, Adobe (Nasdaq: ADBE) has a classic TPS setup. With ADBE set to report earnings in just over two weeks, the options are very pricey, so I’m looking to enter on a pullback to $520. I’d like to buy the September 8 $530 calls and sell the September 8 $540 calls against them – this is called a call debit spread.

(Click to enlarge)

If you’d like to get more trade ideas like this one, I invite you to join my latest service, Profit Surge Trader. Once you join, you’ll be able to follow along as I trade ONE TICKER multiple times every month for maximum potential profit.

Click here to join Profit Surge Trader.

And if you have other stock tickers you want me to cover with my TPS system like I did today with NIO and the others, email me at feedback@monumenttradersalliance.com, and I’ll let you know my thoughts on a few of them.

TESTIMONIAL TUESDAY

“I closed the 10 Shares/Contracts [of ANF] I opened at $3.17 for $8.39. Well over 160% win [in one trading day].”
– ScubaRichard

“BTO KMX September $80 calls at $2.15 STC at $2.40 [in less than one trading day], I’ll take a 12% win all day long.”
– BoomerMC