Pinkspider
07-02 09:00

TRADE PLAN for Thursday 🎲

$SPX very choppy day today, SPX moved from 7450 to 7521 in 90 minutes then chopped around all day. SPX needs to get through 7500 to set up for ATH at 7620.

SPX July 2 7520C can work above 7500

$HOOD setting up for 120 this month. It's been in a 6 month consolidation and it looks like its finally ending. HOOD 153 back in play this year. HOOD through 153 can run to 200

HOOD July 10 115C can work above 110

$QQQ lagging behind SPX today. Chip stocks dragging down the Nasdaq. If QQQ can get back through 731 I'd consider calls. Wait for this level. 

Markets Rotate: Defend or Buy the Tech Dip?
The Nasdaq 100 fell 1.73% while the Dow surged nearly 590 points to a record high, after June nonfarm payrolls added only 57,000 jobs — a sharp miss that triggered a mass rotation out of AI capex beneficiaries and into Dow value stocks. Semiconductors, optical networking names, and Meta were all sold off, with defensive assets and rate-cut beneficiaries emerging as new destinations. Following yesterday's hardware-to-software shift, today's rotation escalated into a full AI capex-to-value pivot — will you follow this move?
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