BY ANDREW GIOVINAZZI
November 8, 2023
A couple of weeks ago I wrote right here that Microsoft Corp (Ticker: MSFT) earnings would lift the tide of boats in the harbor. Well I was a couple weeks early. MSFT made an all time high today and it looks like it is not slowing down.
My Easy Trade Button momentum indicator is flashing green for MSFT. That indicator has helped me close my last 4 trades for wins and helped my subscribers double a $5000 acct since inception on a 64% win rate.
MSFT was flashing this sign so what did the other stocks look like in the EZB Nifty 66?
Every other Mag 7 stock looks the same!
It is hard to believe but Alphabet Inc (Ticker: GOOGL) is rocking up after it sold off during earnings. It even looks like it might fill the earning gap. Every other Mag 7 stock looks the same. Big short term rallies with option vols very low. That would be the green bars on the right below.
I picked GOOGL because I think it has more room to run higher and grab the highs of the year. This rally has investors flat footed and they go for the good stuff when they miss the ride.
If you were in the Easy Trade Button, you would be riding momentum like my students have the past year. Maybe there is something to this gamma stuff after all.
To Your Trading Success,
AG
Andrew Giovinazzi
30-Year Trading Pro
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