Premarket Client Review:

See what I said Tuesday May 5th as I reviewed recent news, my unique INTERMARKET themes from my member-only weekend post to clients as well as review of Monday trades and market thoughts.

Recommended Trade Ideas Highlighted:

Macro bullish USD, bearish TLT and long a bunch of Micro chases/swings: UGA, UNG, VLO, CVI, HFC, MPC, XOM; X, TSLA, ROKU, SNAP, NFLX, TWLO, GBTC.  

  • UGA – recommended swing long last week near $12 now $15
  • TSLA – recommended Mon >$733 now $820
  • ROKU – recommended Mon >$114, hit $134 PT pre EPS
  • SNAP – recommended Mon>$16.50 now $18
  • NFLX – recommended Mon >$415, now $440
  • TWLO – recommended swing long 4/21 >$100 now $180 post EPS
  • GBTC – recommended swing long 4/23 at $8 now $12.50


Intraday SPX levels

My intraday trading range given to clients Monday in my live trading room: above SPX $2898 resistance is bullish, below $2868 is bearish.