Short Week Incoming
As we honor those who appear on our paper money tomorrow, the market will be closed. When we open on Tuesday, a few things to keep in mind:
4 day trading week
Theta will clap faster
Buy extra time on weeks like this if you can
That being said, you know I have weekly trade ideas in here ALWAYS. The market focus this week is on NVDA earnings on Wednesday. We also get the FOMC minutes on Wednesday at 2 pm (no press conference with this one). I’m going to focus on the dot plot projections. If these show a majority of FEDs forecasting rate cuts starting in June or later I think we can see 4900 this week.
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VNOM
VNOM 0.00%↑ This weekly chart is incredible to look at. VNOM has not crossed this level in almost 5 years now. THAT is a long time to be resistance. It had a BIG move last week after consolidating for 2 months.
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