Nasdaq Futures Long play
Sentiment: The US markets have been under pressure lately, especially Technology stocks. With fear rising about a potential Trade War between US and China, some profit taking off recent highs has persisted.
Fundas - Tech stock fundas remain strong with FANNG and co continuing to anticipate higher earnings. This could be short term fear providing liquidity for bulls.
Techs: Looking at a buy off the lows of February with risk below the psychological 6000 handle. Potential 2.5:1 r/r on base trade, however will scale into winner as direction and momentum are confirmed.
Fundas - Tech stock fundas remain strong with FANNG and co continuing to anticipate higher earnings. This could be short term fear providing liquidity for bulls.
Techs: Looking at a buy off the lows of February with risk below the psychological 6000 handle. Potential 2.5:1 r/r on base trade, however will scale into winner as direction and momentum are confirmed.
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