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When Red Dog Reversals Signal an Igniting Market

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Last week I was at the beach, trying to manage my long trades while catching some waves with the family.

Things were great on both fronts -- I had a great time on my trip, and the market gave us a lot of good trades. The action showed how you didn't need to be watching the market 24/7 to catch the big waves.

At the very least, two big Red Dog Reversals on Monday should have had you looking for long opportunities.

Let's start with the first:

On Friday 8/17 Nvidia (NVDA) gapped down big after hit after earnings.... and then Monday 8/20, it roared back to life with a Red Dog Reversal around the $248.73 pivot.

It reclaimed all moving averages, filled the earnings, gap, and it's sitting at record highs this morning.

Netflix (NFLX) also started last week with a big Red Dog Reversal signal.

It's gapping up over $374 this morning as it climbs further out of the earnings penalty box to reclaim the 8 day.

AAPL has been good to us with a big move from $197 to $219.18 in a month.

Last week, it consolidated while the SPX made new highs. I re-entered vs. the $214.50 area. I would like to see it get and say above $217.20 for a move back to the highs and perhaps $220+.

TWTR has not been a barnburner, but it hit a high of $34.74. We'll see if it can hold $33.50 this week to keep working towards the $37 gap area. But I'm not trying to add on strength - I'm looking to possible trim some and buy some back on a dip.