Wednesday Update 7/08

SKYQ would have given you 💯 if you followed the plan

I feel like a broken record 😂. I have mentioned SKYQ a LOT in the last couple weeks. On Monday, I mentioned how I had “limit buys” for SKYQ at 2.12. Today, it hit 4.39… not bad for 2 days 🔥. But, I feel like so many traders don’t know this name. It’s not trending yet, but OIL prices are rising and the July catalyst hasn’t been PR’s yet!. That being said, I always follow the plan. I scaled some into 4.10 today. This is a company that is also in need of cash and they have an active Shelf Out there. So, an offering is always a possibility (just ask RIVN and FCEL). This is why I ALWAYS say “Never regret taking profits.” That means you beat the market. We’ll always find another setup!

3x RVOL Today; A daily close > 4.10 is needed for continuation.

Speaking of taking profits, you took profits on ZETA right?

It hit 2 🎯s in 2 days. Then, set the stop to protect your profits. It’s that easy.

I’m setting my stop < today’s supprt at 20.94

Thank you for supporting this newsletter through ❤️ and ♻️. Algos need that input.

Almost 50% in 2 trading days; hit the 🎯perfectly!

I will share the Newsletter Current Positions as it shows the importance of scaling out and setting a stop 🛑 under key support levels. Stops lock in profits. No, I don’t enjoy getting stopped out by I like following the plan. Look at how much RDW has dropped.

Stopped out on 5, guaranteeing profits.

The Relative Volume Scan is providing a few charts to consider; but not many.

Bulls defended support at 704 today when they had reason to let it drop (bullish)

The above QQQ chart is one of the most important in the market 👆🏼. It will help us to determine if there is just a rotation going on or if there are more bearish days for the market ahead. Right now, I’m viewing it as rotation and I am not forcing Tech or Mag7.

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

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

• My Plan is shared here

My Top 8 For The Week Ahead 🗓️

Note: 🎬 = I have no position yet. 🔁 = Newsletter is currently swinging

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

🔁 GILD — Gilead Sciences, Inc. 💊

Thesis: Falling Wedge Breakout.

The overall pattern is still looking good. It hit its first target. But, I will be setting a “Soft Stop” below today’s support (134).

News (more news was shared in the Weekend Newsletter):

• PT Upgrades (7/6/26): HSBC upgraded GILD to Buy from Hold, raising its price target to $155 (from $133). Cantor Fitzgerald also reiterated an Overweight rating with a $155 target the same day.

  • No, I don’t trade off of upgrades. But, it is interesting they both shared 155 on the same day 🤷.

Key Levels:

• 🚨 Trigger: 134 support, continuation > $137.5

• 🛑 Stop: < $134

• 🎯 Targets: $137.50 → $142.38 → $146.71

My Plan: 🎬 8/21 140 Calls

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