Monday Update 6/29

"The Trades the Index Funds Can't Avoid"

It was another great day! I know everyone is busy so I will greatly reduce the words on Monday Newsletters. I will mainly share the technical setups and leave the news off (keep it succinct). Let’s let the charts speak. But, first, a quick summary:

• SKYQ 📈 30% into the 200 EMA 🧲 (tapped it perfectly and pulled back)

• TEM 📈 4%, contracts up 40%

• FCEL 📈 24% (shared the last 2 weeks; 👀 at that volume)

• AIIO 📈 70% since last Monday (26% today). I never got in but thesis was good

• RKT 📈 3%; getting closer to the 200 EMA 🎯 (good place to scale)

• SNOW confirmed over resistance

If you are enjoying any of my efforts, give this a ❤️ or ♻️. Algos need that input.

Current positions following recent Newsletter Theses. You do not need to be in every chart. In fact, trading only 2 or 3 is optimal. Narrow your focus. Increase conviction.

Let’s look at the original thesis in FCEL from last week. Hint: we were hoping for the pullback after the breakout.

You can see here we were hoping for pullbacks; not frustrated by them.

About a 50% move off support

I recommend looking back at Newsletters and recent trades. Literally write ✍🏼 down your learning. Writing it, in hand, locks in the learning because your brain is more involved. I created a Journal on Amazon

TEM confirmed over on Thursday (shared on Wednesday). The contracts I shared are up > 80% so far.

SKYQ was a chart I shared last Tuesday Morning. I’ve been banging the drum on this one as it has the two things any trader could ask for; Volume + Catalyst

🗒️ None of my charts are a plan to jump in blindly. They are all binary conditionals; trigger + confirmation + 🎯= 🏆.

• White lines are Support/Resistance I’m watching (I set my alert 🚨 there)

  • IF the 🚨 is triggered, I check for confirmation.

  • IF the trigger loses support, I am out (My 🛑 is always on the other side of my thesis). Why have a thesis if I don’t follow it?

• Red lines are 🎯s where I scale out(then I set my 🛑 to guarantee a winning trade)

Plan Your Trade. Trade Your Plan.

More in the Link (including a video)

Updated RVOL Graphic. This looks different from the past. However, I’m creating this to provide a visual of the Relative Volume. Not all RVOL is created the same.

I like all these charts, but not an optimal time to get in on AIIO, FCEL

My Top 8 For The Week Ahead 🗓️

Note: If you’re looking for more charts, check out my X Feed (Link).

🎬 SNOW; Snowflake ❄️

Thesis: High volume breakout, low volume pullback. This is the setup we wait for.

The chart is telling a clear story. After a massive volume spike in early June that launched SNOW off its lows, price is now pulling back on low volume — exactly what you want to see. The 200 EMA is curling up, the pullback is controlled, and 250 is the line in the sand. Confirm above it, or no play.

Technically, this confirmed today. I’m not in yet (just couldn’t manage it).

Why Are “They” Buying SNOW?

• AI momentum is real: Q1 FY2027 product revenue hit $1.33B — up 34% YOY — and net revenue retention improved to 126%, meaning existing customers are spending MORE.

  • The pipeline ($9.77B in remaining obligations, +42% YOY) doesn’t lie.

• Unlimitail deal just dropped (June 26): Snowflake was selected to power Unlimitail’s global retail media network using its Data Clean Rooms technology — another enterprise win that puts AI data infrastructure front and center.

• Analysts raising 🎯: UBS reiterating Buy with a $370 🎯. Truist raised to $300. The institutional accumulation is there ; 482 whales increased positions recently.

Key Levels:

• Trigger: Confirm > 250

• Stop: < 247 (today’s low)

• Targets: 261.81 → 284.99

🎬 My plan: 50 Strike Calls, 7/17 Expiry. No confirmation above 250, no play.

Subscribe to see my Top 8. Discord is solely for a trader community (link below). I provide 3 Updates a week Weekends, Mondays, Wednesdays. Included in the subscription are all my Candlestick Courses, Thread Updates, and a link to my Volume Journal.