The Trading Digest 8/30/2024
Today’s market was a whirlwind of activity, with big ups, dramatic downs, and plenty of excitement for traders. While the Nasdaq struggled, many other sectors showed strength, providing opportunities if you knew where to look. In this blog post, we’ll recap the key market moves, highlight notable stock setups, and outline what to watch for in tomorrow’s trading session.
Market Overview: Ups and Downs
The Nasdaq had a volatile day, with a significant end-of-day sell-off that caught many traders off guard. Despite the dip in large-cap tech stocks, there was plenty of action in other areas, particularly among small-cap and mid-cap names.
While the broader market remains in a consolidation phase, today’s moves highlight the importance of looking beyond the usual suspects and exploring stocks that are flying under the radar.
Key Stocks to Watch
Here are some of the standout stocks from today’s market action and why they’re worth keeping an eye on:
- Affirm (AFRM): After a strong breakout, Affirm showed incredible strength today, pulling back to the 9 EMA before ripping higher. This is the kind of momentum play that traders love, offering clear entry points and strong potential upside.
- Maxwell (MXWL): This stock had a 15% run today with orderly price action. Despite some headwinds from the broader market, Maxwell is showing potential to fill its gap, making it one to watch on a weak open tomorrow.
- ALB: A former IPO darling, ALB had its biggest volume day since its early trading days. Sitting right at the 50-day moving average with a bottoming pattern, this stock could be setting up for a significant move.
- PayPal (PYPL): PayPal has been testing key levels with solid liquidity and plenty of options activity. It’s due for a breakout, and tomorrow could be the day it makes a big move.
- DocuSign (DOCU): This stock is forming a long base, and a breakout could lead to a strong measured move. It’s a great setup for both day traders and swing traders looking for a high-probability play.
Strategies for Trading in This Market
With the current market dynamics, it’s essential to remain adaptable. Here are some strategies to consider:
- Focus on High-Momentum Names: Look for stocks that are showing strong moves and clear patterns, like Affirm and Maxwell. These stocks often provide the best opportunities for quick gains.
- Be Cautious on Fridays: Recent Fridays have been challenging, with choppy and unpredictable action. Don’t be afraid to take it slow and observe the first hour of trading before committing to any positions.
- Watch the Small Caps: Many of today’s best movers were outside the mega-cap space. By focusing on smaller names with strong volume, you can find opportunities that others might miss.
Conclusion
Today’s market was a reminder that there’s always action somewhere—you just need to know where to look. By focusing on the right stocks and staying adaptable, you can navigate the ups and downs and find profitable opportunities.
For more insights and in-depth trading strategies, consider joining our 60 Day Trading Bootcamp. This comprehensive program offers training and mentorship to help you take your trading to the next level.
Watch the full video here to see the full breakdown of today’s market action and get ready for tomorrow’s trading session.
big labor day sale! get it while its hot my friends!
https://bullsonwallstreet.news/LaborDaySale2024
The post The Trading Digest 8/30/2024 appeared first on Bulls on Wall Street.
Source: https://bullsonwallstreet.com/the-trading-digest-824/?utm_source=rss&utm_medium=rss&utm_campaign=the-trading-digest-824
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Humic & Fulvic Liquid Trace Mineral Complex
HerbAnomic’s Humic and Fulvic Liquid Trace Mineral Complex is a revolutionary new Humic and Fulvic Acid Complex designed to support your body at the cellular level. Our product has been thoroughly tested by an ISO/IEC Certified Lab for toxins and Heavy metals as well as for trace mineral content. We KNOW we have NO lead, arsenic, mercury, aluminum etc. in our Formula.
This Humic & Fulvic Liquid Trace Mineral complex has high trace levels of naturally occurring Humic and Fulvic Acids as well as high trace levels of Zinc, Iron, Magnesium, Molybdenum, Potassium and more. There is a wide range of up to 70 trace minerals which occur naturally in our Complex at varying levels. We Choose to list the 8 substances which occur in higher trace levels on our supplement panel. We don’t claim a high number of minerals as other Humic and Fulvic Supplements do and leave you to guess which elements you’ll be getting.
Order Your Humic Fulvic for Your Family by Clicking on this Link, or the Banner Below.
Our Formula is an exceptional value compared to other Humic Fulvic Minerals because...
It’s OXYGENATED
It Always Tests at 9.5+ pH
Preservative and Chemical Free
Allergen Free
Comes From a Pure, Unpolluted, Organic Source
Is an Excellent Source for Trace Minerals
Is From Whole, Prehisoric Plant Based Origin Material With Ionic Minerals and Constituents
Highly Conductive/Full of Extra Electrons
Is a Full Spectrum Complex
Our Humic and Fulvic Liquid Trace Mineral Complex has Minerals, Amino Acids, Poly Electrolytes, Phytochemicals, Polyphenols, Bioflavonoids and Trace Vitamins included with the Humic and Fulvic Acid. Our Source material is high in these constituents, where other manufacturers use inferior materials.
Try Our Humic and Fulvic Liquid Trace Mineral Complex today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
![Report abuse](/img/report_abuse.png)