Prep for Monday, May 8th, 2023
Just the prep for Monday. Key tickers on watch: $GC_F $MSFT $ZB_F $XLV $SOXL $QQQ $NQ_F $ES_F $AMD $XLI $TQQQ $ON $AJRD $NXPI $MELI $FTNT $V $MSCI $DOW $KLAC $FFIN $SLB $AI $LOW $CHRD $CARR $LIN $TXRH
Spent the weekend working on updated Supply & Demand zones for NQ. Unwound and relaxed for a bit.
Live prep again starting around 6:15 US CST Live prep. During our session we walk through our prep zones for the day including $SPY, $QQQ, $VIX, $SVXY, $ES_F, $NQ_F, $RTY_F, $YM_F along with $CL_F and $GC_F.
As we’ve noted before we are building this from the ground up and our intention is to continuously add and improve. As always, we recommend doing your own research and consulting with a financial advisor before making any investment decisions, as nothing we say or suggest should be taken as a recommendation to buy, sell, or hedge any financial instruments (full disclosure here).
Prep / high interest zones:
Next are the key tickers and price zones broken into categories of Breadth, Overall, Meme, Forex / AG futures. Further below you can find the section for Expected moves (aka cheat codes) and the symmetrical extremes. If you need a summary/reminder of what these zones mean, see our earlier post.
High interest tickers & zones:
Breadth
$GC_F [2068.7 - 2063.4]
$MSFT [314.24 - 313.63], [305.93 - 305.37]
$ZB_F [129'10 - 129'02]
$XLV [133.02 - 132.85]
$SOXL [15.04 - 14.91]
$QQQ [319.00 - 317.42], [27.10 - 27.00]
$NQ_F [13152.00 - 13127.25]
$ES_F [4062.25 - 4053.75]
$AMD [90.59 - 90.12]
$XLI [99.08 - 98.88]
$TQQQ [27.10 - 27.00]
Overall
$ON [76.80 - 76.36]
$AJRD [56.14 - 56.03]
$NXPI [169.08 - 168.35]
$MELI [1271.12 - 1258.85]
$FTNT [66.79 - 66.25]
$V [133.02 - 132.85], [237.78 - 237.50]
$MSCI [488.25 - 485.94]
$DOW [55.05 - 54.97], [54.78 - 54.67]
$KLAC [381.29 - 380.00]
$FFIN [26.88 - 26.74]
$SLB [46.49 - 46.29]
$AI [18.17 - 17.90], [51.77 - 51.50]
$LOW [210.33 - 209.97]
$CHRD [137.17 - 136.89]
$CARR [41.60 - 41.46]
$LIN [364.75 - 364.00]
$TXRH [105.88 - 105.60]
$AIG [51.77 - 51.50]
$COST [491.76 - 491.09]
$ADI [185.50 - 184.86]
FOREX Futes
$6C_F [0.75395 - 0.75270]
AG Futes
None for tomorrow.
Meme
$KTOS [12.39 - 12.28]
Expected move levels
Our post behind the expected move
Symmetrical extreme readings
In this previous article we discussed the Symmetrical extremes in more detail.
Ignore the date, still had it set for day-of analysis given our late start on Friday.
That’s all for tonight folks…just a reminder, our goal is to constantly improve and refine our proprietary AI system + this content. These tools analyze hundreds of tickers to identify high-interest areas based on multiple areas of confluence evidence. As always, we recommend doing your own research and consulting with a financial advisor before making any investment decisions, as nothing we say or suggest should be taken as a recommendation to buy, sell, or hedge any financial instruments (please read our disclaimer ).
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