Daily Plan 02.01.24
Good morning traders-
Stocks go up, stocks go down.
Powell comes out yesterday and says, "No march cuts, see, you know, he just makes up. We're going to be data-dependent. Data comes in, he doesn't look at it. Okay, if he's going to be data-dependent, why doesn't he just say if the next two jobs report is this and this and this is this and this is this, that's what we're going to do? Oh, because he doesn't want you to know. That's what it is.
Now that being said, all he's doing is delaying it for a month or two. Okay, a couple months, but that's okay. Everything is fine.
But what that does is that takes all the money to the exact same people that have been making the money. That means taking it to SMCI 0.00%↑ and NVDA 0.00%↑ . Why would you... those all went up. Why would you not buy the same things, right? Very, very straightforward. That just means we have the same market.
Cloud is great. SNOW 0.00%↑ didn't go. Snowflake is going to get opportunity on earning. Okay, so Cloud is great.
SMCI 0.00%↑ flying back up.
So yesterday we just did the one trade fast, then we bought some BA 0.00%↑ puts and we bought some LLY 0.00%↑ puts. But see, you go make 56 grand in an hour. You put in... I didn't... I bought 50 of the Boeing, I bought 50 of the Lily. So, you know, at a dollar, I mean, you put 10 grand back in and then bought some SPXs for five days. You put 15 back in. You made 56. You end up positive.
I mean, I've seen a bunch of messages from some people saying, "Sam, I did great. I took two grand to 15 and I had 15 in the market." Why are you gonna have 15 in the market? We went to 1.8. We had 228k in the market. So those aren't zero because ASML 0.00%↑ and everything's moving, but I assume those were zero. If they were zero, no matter what happened, I was going to be 15k to 1.55 to close the month. 1.55. If those go to zero, now they're not going to go to zero, but this ASML is flying. ASML through 892 gets us $7 on those. On a lot of those, right?
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So that's how you trade, guys. That's how you trade. You don't do these silly, silly things of putting your whole account in, thinking it's just going to go one direction. And why would you give up two weeks or three weeks of gains on one Fed statement? Guys, can't do this.
Now look, BA 0.00%↑ is shit , there's no reason for Boeing to go up. And at some point here in the next two weeks, it's gonna crater. But it didn't yesterday, and it should have.
TSLA 0.00%↑ , no good news. Doesn't matter, it's going up. There's no good news. Okay, and then we see, and then we see.
MSFT 0.00%↑ , they sold Microsoft yesterday on stunning earnings, and they bought BA 0.00%↑ . Okay, so Microsoft, very simple now, 413, beast… till then, it's very much unplayable. Now, if you want to play it, you go put in 25 cents or something, and that's it.
SMCI 0.00%↑ , if it can get through 563, you got 552 as the first time, but 563 is the accelerator. That's where it was pre-market on earning, and if it gets through that, that's the bee-line to 600. Okay, bee-line to 600.
You still have AMZN 0.00%↑ coming today, you have META 0.00%↑ coming today, you have AAPL 0.00%↑ , AMD 0.00%↑ , the numbers are fine, and it's gonna go up, but probably in two months, it'll be 195. Two months, I didn't say tomorrow. Okay, so wait and chill. Wait and chill, wait and chill.
LLY 0.00%↑ , huge pop through 652, went up 15, just like it should, but it came back down. Didn't close over, going to try again today. But let me tell you, there's some rumblings out there that all this stuff, they may somehow force them to take less money. Interesting, interesting. So just keep an eye out there.
ADBE 0.00%↑ rips on Monday and doing nothing now, okay? Doing nothing. But ASML 0.00%↑ looks really good, NVDA 0.00%↑ looks really good, and if you bought Align Technology, ALGN 0.00%↑ looks like 350 now. They compete with SmileDirect. SmileDirect declared bankruptcy. We knew it would go up because we were traveling and because we were just sitting there with the market going down, just didn't buy it, okay? That's okay.
You don't have to keep trading! You can chill. This is the beauty of SAM. You go from 150 to 1.8 and then you chill. You're just not throwing money one in this, this, this, getting whack, whack, whack. Don't do that. You just chill.
I mean, think about it. If we close out yesterday, we did, but if we close out this week, we're at 1.55. How fun, right? Pretty fun. And then we do it again next month. But the Powell news, all it does is delay the cut for a month or two.
Now he doesn't know what the hell he's doing.
You got jobs report tomorrow and that's okay. That's okay, right? And then we see, then we see, then we see.
Today, two things. You want to see, I'm gonna to tell you on ALGN 0.00%↑ , the last time it popped, when we had it, it moved 22 points after the pop. Okay, so in theory, yesterday the pop got to 310, then went down 310. That takes it to 332, 333. If it's similar, nobody's saying it's similar, but it's possible. Okay?
That's what we know. That's what we know. But SPX, in theory, was down 72. Maybe it gets that all back today because all it is, you delay this, and they're gonna go back to the big boys, NVDA 0.00%↑ , ASML 0.00%↑ , the earnings winners. SMCI 0.00%↑ can really, really fly if it gets going.
Okay, so that's what we know. That's what we know.
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Good morning, good morning, everybody. 2/1
Stocks go up, stocks go down.
Then we see, then we see, then we see.
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