IBM Rally & Tech Stocks Bounce - Security Stocks Catch a Bid

RSP was up 75 points Thursday, while the QQQ lost -286. This actually has been a positive edge for QQQ (7 out of 11) occurrences since 2017. Average return +1.8% shortly thereafter. Markets staring with a bounce and fading into the first hour of trading after depressed Consumer Sentiment (48). Resistance: 7,700, 7,720, 7,750, 7,800 Pivot: 7,690 (bearish below, bullish above) Support: 7,650, 7,600, 7,450 Chapters: 00:00:00 Intro - morning brief 00:14:20 Opening Bell - AAPL WMT IBM popping 00:32:30 Micron (MU) (MUU) potential trade 00:49:20 Micron continuation 00:55:30 Analyzing IBM 60min chart "20 ema strategy" 01:01:00 Sector rotation and analysis 01:07:00 Tech and semiconductor rotation 01:20:00 Microsoft (MSFT) strong morning trend 01:24:00 AMD TSM 01:46:30 TSLA rising above VWAP 01:55:40 TSLA ‪@spotgamma‬ review 02:15:00 Sold 250/255c spread - buying IBX (2 x IBM ETF) 02:24:00 IBM analysis with ‪@spotgamma‬ equity hub looking for support resistance 02:40:00 Analyzing IBM as it breaks out 02:50:00 Buying some IBX 02:58:00 SPX cash index analysis with ‪@spotgamma‬ 03:04:20 NYFANG weak 03:25:00 IBM IBX checking price action 03:44:40 MSFT range at highs looking for breakout to new highs 04:17:00 SPX looking at 40 year chart 04:40:00 SPX levels ‪@spotgamma‬ trace 05:00:00 Security stocks breaking higher - strong - CRWD OKTA PANW ZS FTNT 05:14:00 IBM breaking above resistance and bullish 05:29:00 Security stocks - checking performance - checking sector performance 05:33:00 MOVE Index - turmoil in bond market - Vinny reviews TRBCX RGAFX VOO 05:45:00 SPY weak below VWAP 05:57:00 Checking unweighted signals SPX NDX - SPX "left tail" skew 06:00:00 Investment time frame observations - discussing my personal positioning 06:46:40 Closing Bell - Happy Weekend #stocktrading #livepodcast #equalweightindex Join us 9:15AM ~ 4:00PM EST Monday ~ Friday https://theclosingprint.com