The latest PCE inflation data could have a big impact on tomorrow's trading action. Remember you can always contact me via my YouTube channel, let’s dive in.
🗓 What to Watch Before the Market Opens
Core PCE data release (8:30 AM ET): The Fed’s preferred inflation metric could move markets.
If data is hotter than expected, expect downside acceleration.
A cooler report could push markets up into the session.
Defensive sectors like consumer staples (e.g., Pepsi) are showing relative strength, while tech took hits today.
🔥 5 Key Trade Ideas for Tomorrow
1. $TSLA ( ▲ 0.7% ) (Tesla) - Long or Short Near $272
Tesla remained volatile today, closing green but showing indecision. Levels around $272-$280 are critical, especially ahead of potential market drivers.
What I’m Watching:
I’ll short below $272 if bearish momentum continues tomorrow.
For longs, I want to see a pre-market move above $277–$280 to confirm bullish intent.
2. $NVDA ( ▼ 2.86% ) (Nvidia) - Short at $113 or Below
Nvidia closed weak, continuing its recent downtrend. Negativity in the chip sector isn’t helping, and the next key level of interest is $113.
What I’m Watching:
A short near $113 is the primary target if Nvidia rebounds lightly before another drop. Risks increase below $115 for longs.
3. $SMCI ( ▲ 1.06% ) (Super Micro Computer) - Short Below $34.50
SMCI is testing critical daily support at $34.50 after heavy selling pressure today. Watch for a breakdown or potential reversal at this level.
What I’m Watching:
Short below $34.50 if support fails. Target the intraday low at $34 or lower.
For longs, SMCI must hold above $34.50 at the open to justify a reversal scalp.
4. $GME ( ▼ 1.93% ) (GameStop) - Key Decision at $20 Support
GME dropped 22% today after announcing a $1.3B offering, making the $20 level crucial for the stock’s future.
What I’m Watching:
Wait for a break and retest of $20 to short the downside.
If buyers step in to defend $20, it’s a potential scalp-long target toward $21.
5. $AMZN ( ▲ 1.32% ) (Amazon) - Long Above $200
Amazon held up well compared to other Max 7 peers, ending the session around $200. Key upside target lies at $203.50 if market sentiment turns bullish.
What I’m Watching:
I’ll shift long above $200 if pre-market signals upward momentum.
A bearish PCE report could invalidate long setups—stay cautious.
🚨 Final Notes:
These setups can shift based on tomorrow’s market open.
Always watch critical levels and adapt to incoming data.
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