Daily Market Insights
Today's War Room Recap
Stay informed with an analysis of today’s War Room opportunities.
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Strategy Session Video
Watch our detailed video recap of today’s stock market activities, featuring key highlights and expert commentary to keep you ahead in your trading journey.
Market Highlights
Today's Price Action
Today’s session began with the major indices opening higher, continuing the positive momentum from the previous day. The SPDR S&P 500 ETF Trust (SPY) opened at $591.80 and has since reached an intraday high of $596.63. The SPDR Dow Jones Industrial Average ETF (DIA) started at $436.47 and climbed to a high of $438.41. Similarly, the Invesco QQQ Trust Series 1 (QQQ) opened at $506.17 and peaked at $514.33.
This upward trend reflects investor optimism following recent economic data releases and corporate earnings reports. Notably, the Federal Reserve’s decision to cut interest rates has contributed to the rally, with technology stocks like Nvidia and Amazon leading the surge.
It was a fantastic day in the War Room! We identified 17 potential trades, each offering strong profit opportunities. Below, you’ll find a summary table of every call made during the session for easy review. Unlike yesterday’s fast-paced action, today’s market opened more steadily, allowing for smooth, trending moves across our positions. This pace gave us plenty of time to set up each trade confidently, and our live strategy session delivered beautifully as the afternoon unfolded.
Today's War Room Opportunities
November 7, 2024
| Plan | Symbol | Position | Entry | Stop | Target | Exit | Result |
|---|---|---|---|---|---|---|---|
| 2SD Gap | RL | Short | 229.45 | 231.77 | 224.73 | 224.73 | 4.72 |
| 2SD Gap | TPX | Short | 55.77 | 56.40 | 55.04 | 55.08 | 0.69 |
| 2SD Gap | UA | Short | 10.08 | 10.27 | 9.75 | 10.20 | -0.12 |
| 2SD Gap | GILD | Short | 97.34 | 97.67 | 96.53 | 96.53 | 0.81 |
| 2SD Gap | FRSH | Short | 15.84 | 16.37 | 15.84 | 16.37 | -0.53 |
| Volatility Bands | AMZN | Long | 210.04 | 209.75 | 210.51 | 210.51 | 0.47 |
| Volatility Bands | AMZN | Long | 210.04 | 209.75 | 210.51 | 209.75 | -0.29 |
| Volatility Bands | NVDA | Long | 147.85 | 147.65 | 148.10 | 148.1 | 0.25 |
| Volatility Bands | NVDA | Long | 147.85 | 147.65 | 148.10 | 148.1 | 0.25 |
| Volatility Bands | TSLA | Long | 297.86 | 297.60 | 298.55 | 298.55 | 0.69 |
| Volatility Bands | TSLA | Long | 297.86 | 297.60 | 298.55 | 298.55 | 0.69 |
| Volatility Bands | TSLA | Long | 297.86 | 297.60 | 298.55 | 297.55 | -0.31 |
| Volatility Bands | NVDA | Long | 147.49 | 147.35 | 148.10 | 147.79 | 0.3 |
| Volatility Bands | TSLA | Long | 296.43 | 296.20 | 297.80 | 297.10 | 0.67 |
| Volatility Bands | NVDA | Long | 147.49 | 147.35 | 148.10 | 147.79 | 0.3 |
| Volatility Bands | AMZN | Long | 209.32 | 209.18 | 210.04 | 210.04 | 0.72 |
| Total | 9.31 |
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