January 31, 2024

Good morning MonsterTrades. Insane market action from yesterdays close through right now. Do we think this price action is right, No! It's absolutely wrong but right now patience is needed. NVDA being down 2% is wrong! MSFT being down right now is wrong! In fact, look at the upgrades coming in across the board off these earning reports for MSFT, AMD, GOOGL, etc.. Patience right here is needed. Would not be surprised at all if after the fed and into Friday, we have recovered and are green for the week. Actually, this is what we expect and could come even sooner. Microsoft's quarter could not have been any better and this is not a sell the news event. Their outlook is incredible of what's to come. Have no concern here, in fact this is being viewed as an opportunity to add.

Few changes for the open we will make to make sure we receive no terrible prints and then will send another update with new exit points within the next few sessions.

TSLL stop adjusted to 8.75
SOXL stop adjusted to 31.75

It's always hard to add into the fed, but, I can see serious sticks being printed with reversals. Will not front run the move, patience here, but opportunity over the next few sessions is definitely being created. Be ready, especially after the fed release.