Randy Opper

Momentum trading is very hard right now but this is the best market you could ask for as a rookie trader. You learn great defense. You sharpen your edge on entries. You learn to react quickly to changing conditions.

The mean reversion move expired into FOMC. Good to see LLY up on earnings this morning. See if it can stay above the base.

The SOXL and DRAM buys have worked really nicely. No reason to press your luck here into FOMC.

A good mean reversion snapback if you held on to some of those buys from yesterday. Not a strong market at all. Just a normal reaction to extreme selling.

A nice gap up for SOXL and DRAM on any remaining position you held from the bounce yesterday.

Rejected under the resistance noted and already collected most of the gains in technology stocks today.

Here are the exact timestamps

Still sitting in prior names like LLY & HTFL but slow moving.

Conditions in the Nasdaq could improve if QQQ can hold above 715.50, which would open the door for a larger bounce. Below that, everything bought this morning is just a short-term trade.

A very good price action day for many stocks. Cybersecurity, software and retail continue to work. Last week’s tech selling dissipated and that made SOXL and DRAM a good buy today for a bounce trade. Not suggestive of a reversal in tech, just a mean reversion bounce.

Was a super 70% move for the MRNA trade but today the stock finally broke it's rising channel and stopped out.

Notice that LLY - LLYX is up today while the NASDAQ is plunging.

A much larger plunge in the semis looks like it’s building. Could be devastating for those bag holding the AI names.

Not a bullish day for AI related stocks. I’m sure people are trying to bottom fish but these names have a lot more work to do to prove themselves. Could still see them plunging again soon.

Minor miracle in HTFL today. Not used to breakouts working in this difficult tape.

Not expecting LLY to act anywhere near as strong as the MRNA trade but if it can stay out of the base it has a shot at a large move.

2nd Attempt. The prior buy fell back.

The next problem I see is Iran stepping up attacks and getting more vocal into midterms. Let's hope not but a challenging market.

All of the warning signs were there for AI stocks, so much of this was avoidable.

The feedback from LITE & Samsung was clear enough to avoid today's damage.