Michael Bank @_MichaelBank

Market analysis & trade ideas. Trader/Investor over 10+ yrs. Not investment advice. United States Joined December 2021

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Michael Bank @_MichaelBank

5 days ago

$SPX 6640 is a "line in the sand" level for me. It's a Daily, 8hr, 4hr, hourly level. If we can reclaim it and close above I'm bullish.

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Michael Bank @_MichaelBank

a week ago

As much as I only want to only focus on high flying momentum stocks, my $AEM gold play is outperforming in my portfolio. The Gold theme is real.

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You don't HAVE to make a trade every day. This is a retail edge. You don't have stakeholders or investors calling you up asking why you're not in some stock. If you buy at the right time, then there will be days when there's nothing to do and your money is working for you.

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Michael Bank @_MichaelBank

a week ago

The $SPX $SPY $QQQ appear to be taking a breather in the overnight action. I did not see anything in my overnight scans that slapped me in the face to buy. I am long $BMNR $HOOD $OPAD $PLTR $SOUN per plan in previous posts. No significant market selling is bullish.

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Michael Bank @_MichaelBank

2 weeks ago

We're getting some follow through to the upside with the overnight action, $SPX looks like it wants 6700. Here's my watchlist: $OPAD tight stop 4 target 10 $AAPL hold above 239 stop 232 target 250 $NBIS hold above 95 stop 88 target 114 $SOUN hold above 15 stop 13.50 target 20

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Michael Bank @_MichaelBank

2 weeks ago

$SPX showing incredible resilience. If we can close above 6600 we're going to 6700.

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Michael Bank @_MichaelBank

2 weeks ago

I am going to Long $PLTR at close target 180 stop 161 IF it looks like we can close above/near 169

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Michael Bank @_MichaelBank

2 weeks ago

Long $HOOD 118s target 150 stop 112. This thing was showing relative strength as everything else was selling off during the Powell FOMC presser.

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Michael Bank @_MichaelBank

2 weeks ago

Long $BMNR 56s target 75 stop 47

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Michael Bank @_MichaelBank

2 weeks ago

$SPX $SPY $QQQ Fed cut rates by 25 bps as expected. Let's let this volatility play out right now. If we don't go anywhere then I'm expecting the market to keep rallying with business as usual in the coming weeks and months.

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Michael Bank @_MichaelBank

2 weeks ago

FOMC rate cut incoming 2pm EST today. There's a non-zero chance we could get something unexpected that's causing some market anxiety. I am not putting on new risk until the market shows which way it wants to go after the decision.

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Michael Bank @_MichaelBank

2 weeks ago

Crypto stocks showing strength today. They are going be on watch tomorrow. $IBIT, $BMNR, $MSTR, $COIN, $ETHA, $FORD

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Michael Bank @_MichaelBank

2 weeks ago

Reduced position or skip new trades all together due to FOMC tomorrow, but here it is: $AMZN above 233 target:240 stop: 230 $FCX above 46 target: 49 stop: 44 $META above 767 target: 800 stop: 752 $NVDA above 179 target: 185 stop: 174 $UBER no trade it's already too late to enter

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Michael Bank @_MichaelBank

2 weeks ago

Be mindful that we have a potentially market moving FOMC (rate cut) catalyst tomorrow. This means you need to position yourself going into by reducing risk and hedging. I will probably be buying a short dated put to hedge my $AEM core position.

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Michael Bank @_MichaelBank

2 weeks ago

Watch for tomorrow (I manually go through thousands of charts throughout the day and try to find the best setups): $AWS, $FCX, $META, $NVDA, $UBER I'll provide levels tomorrow depending on the overnight action.