🧪 $GOOGL Swing Trade

Good Morning!

The S&P 500’s resilience in the face of hotter inflation, Bitcoin’s quiet bull flag brewing, and $GOOGL’s fresh setup—our analysts have their eyes locked on the prize.

Whether it's spotting a prime entry on Alphabet or catching gold’s record-breaking run, we’ve got the strategies you need. Want to be ahead of the game? You’re in the right place.

Let’s get into it 👇

🌡 Market Temperature Check

📈 S&P 500 Gains 0.8% as Hotter Producer Inflation Fails to Dampen Risk Appetite
The Producer Price Index (PPI) jumped more than expected in August, but that didn’t stop the S&P 500 from notching its fourth straight win. Traders panicked early on, ditching stocks after PPI showed a 0.3% rise, but they quickly snapped back as the overall inflation picture didn’t look so bad. By the end of the day, the S&P 500 was up 0.8%, while the Nasdaq ripped 1% higher.

With a calm Friday ahead, all eyes are on the Fed’s September 18 meeting — traders are now betting big on a rate cut, possibly as high as 50 basis points.

⏳ Bitcoin’s (BTC) long and difficult Summer about to come to an end
Bitcoin's been stuck in a slow grind for months, but things might finally be shifting. The 6-month long sideways action? Yeah, it’s forming a bull flag, which usually means a breakout is coming. Some think it’s gone on too long, but if it holds, we could be looking at $86K or even $100K. Keep an eye on those technical indicators—they’ll tell us when this thing's ready to run again.

🥇 Gold hits all-time high as Fed rate-cut hopes bolster appeal
Gold just smashed a new record, jumping 1.7% to $2,554 an ounce as traders bet on a Fed rate cut next week. Lower rates = more gold love. With the economy cooling and the labor market slowing, precious metals are having their moment. Even palladium and silver are on a tear!

📉 Adobe Stock Falls 9.2% as Weak Guidance Outweighs Earnings and Revenue Beat
Adobe crushed earnings expectations, but investors weren’t thrilled with its weak guidance for the next quarter. The stock dropped 9.2% after hours because the market wanted more AI hype, not lukewarm predictions. Sure, profits beat estimates, but Wall Street's eyes were on future AI moves, and Adobe just didn’t deliver the fireworks.

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🔎 How I Find Reversals (Never Guess Again)
Here’s my 4-step formula for spotting crypto reversals—it's been a game-changer for me, so I figured I’d share it with you. No more guessing when to get in or out! Check out the video to see how it works.

📈 What I’m Trading

🔍 Mr. M’s Got a Plan: Swing Trade on $GOOGL

The Play

Alphabet Inc. ($GOOGL) has been setting up nicely for a swing trade, and Mr. M’s on it. Here’s the deal: after a solid uptick in trading volume and a bullish reversal pattern, this one's primed for a move. The stock is bouncing off support, and with that upward momentum, here's how we’re playing it:

• Entry: $154

• Stop Loss (SL): $147

Quick on the trigger, but keep that SL tight. The trend is swinging, and this setup could hand us some sweet returns.

The Catalyst

Here's why we're diving in: Alphabet (GOOGL) has been consolidating for a while after a pullback from its previous highs, but recent news surrounding its AI ventures and an uptick in ad revenue signals a potential break higher. Plus, the broader tech sector is regaining momentum. Just look at how Google’s AI-related projects and cloud growth are consistently making headlines — the market's catching on, and it’s ready to react.

Also, the recent shift in sentiment after Google’s successful AI projects, alongside rumors of strategic acquisitions, has caught investor attention. Combine that with a low-volume pullback, and we're looking at a golden entry point around $154.

Our Take

Looking at the technicals (yeah, that chart you see right up there), $GOOGL has been in a clear downtrend recently, but it's starting to show signs of life. That green candlestick off support near $147 tells us the bears are losing steam, and the increased volume confirms it. The 24-hour timeframe suggests buyers are stepping in around the $154 mark, potentially sending this stock higher.

The play here is bullish: $GOOGL is turning a corner, and with that momentum, it could push back toward $160-$165 if it breaks resistance near the $157 level. Sherlock is spot-on with this call, and if you're not watching this, you're missing out.

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✍ TL;DR

• S&P 500: Gains 0.8% despite hotter-than-expected Producer Price Index (PPI); Fed rate cut hopes are driving momentum.

• Bitcoin (BTC): Potential breakout forming after 6 months of sideways action—bull flag suggests $86K+.

• Gold: Hits all-time high ($2,554/oz) on Fed rate-cut speculation.

• Adobe: Stock drops 9.2% due to weak future guidance, despite strong earnings.

• $GOOGL Play: Bullish swing trade setup—entry at $154, stop loss at $147, potential breakout ahead.

Stay ahead, stay informed, and most importantly, stay profitable.

‘til next time,

TradingLab