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Market Recap & Thoughts For 8/28

Hi everyone!

I will be launch my sub serv soon, all blogs, trade plan and ideas will be in private for members. I will share the site link soon for details.

Market recap:

  • US equities followed through from yesterday's closed with $DJIA +369.26 points & $SPY up 2.47% close @ 199.27
  • Economic data showed strong growth with US GDP data came @ 3.7% vs 3.2% est. Weekly jobless claims act 271k vs 274k forecast. Previous was 277k
  • $CL_F crude oil have a strong rebound from weeks of downtrend, closed @ 42.55/bl. This was the strongest sector to trade all day
  • Market having two strong rally after panic & fear to start of the week.
  • Friday's market usually a very boring day to trades, but after four days of volatile market, it may not be.

Today's trade recap:

  1. $TPLM was our biggest % gainers rally. I alert in private at 2.75 yesterday, giving out the thought & plan for swing trade.
  2. $SPY around 1:06pm saw spy hitting resistance at 199, put out alert to buy weekly 199p & in less than 30min, we are up 50%+ as $DJIA and $SPY to rolled
  3. $UVXY volatile was very high this week, so we trade this in and out for people doesn't play options or short market
  4. $RDUS group caught a lot around 57-58$ area and it pops good to high $65ish.Some did took profit. Never goes broke if you make consistency trades gains
  5. $FIT down 9% was a great short from one of our team member leader, to be announced soon
  6. Overall, My trades plan & thoughts thesis turned out really well this week. Volatile market are good money.

Indices:

  • $SPY @ 199.27, S @ 198.25, R 200.51. @ 203.75 if get to this level market may have another sell-off.
  • $IBB @ 350.91, S @343.5, R @ 353.

Biotech trade ideas:

  1. $TTPH set to release their P3 cUTI in 3Q. Watch all antibiotic stocks like $CEMP $AKAO to get some look tomorrow & next week. $TTPH should do $44+ before data
  2. $HALO @ 18.04. Chart setting up to go higher to $20
  3. $MACK @ 10.43 catalyst in Oct, should heat up toward $12+ quick

Nonbiotech ideas:

  1. $YY @ 57.90 looks good for $60.90 if the China market start to bounce
  2. $CSIQ @18.23, if solar conts to move higher. This looks good for @20.45+ for swing

Sub serv price:

  • $89/month
  • Get a 5% discount- one time payment $507.30 for 6months with
  • get 15% discount-one time payment for $961.20 per year.
  • Mentoring package will be available
  • Site name will be release soon.
  • Email me BiotechMoney18@gmail.com if you're interest. Thank You for all the people already gave me their words on joining our trading service.

Final thoughts:

Market was very volatile throughout the week, but we trades very successful. We make good trade alert this week and would like to keep the gains to end the week on positive notes.

"We know what we are, but know not what we may be."- William Shakespeare

Additional disclosure: These are my trade plan opinion and not recommendation to buy or sell. Always do your DD.