Trade Plan for 7/14-7/18
Consolidation Station Stagnation
Last week I took a neutral stance for the indices, but favored ‘selling pops into resistance.’ The week stayed in a tight range and ended slightly lower.✅ As far as equity trading, I shorted Netflix/$NFLX at the top of the previous weekly green candle (@1313.82) and took ⅓ profit last week (@1253.54).
I’ve now locked in the win there and will hold the rest for additional profit or breakeven.💰
I was higher confidence in metals closing higher last week.✅ The week started out with a dump on Sunday night, but I bought the $GC/gold futures dip on Monday morning and once again on another dump. 💰
My big winner this week was $SI/Silver futures. Once it got a pit close over my daily resistance, it was a major breakout. I shared that trade with my group weeks in advance and also live on $X.
I didn’t trade $CL/crude oil last week, but was slight bull bias.
Summary of Market Action Last Week:
Indices chopped last week in a relatively tight range and closed near flat, but slightly down. $ES/SPX futures held the best, and $RTY/Small caps futures lost ground on Friday to be the laggard.
$GDX/Gold miners closed the week with a slight loss in line with indices, despite strength for the precious metals. $SI/Silver futures was the outperformer last week.
$CL/Crude Oil futures and $XOP/oil equities booked gains for another week.
Here’s how last week closed out:
For the week ahead (07/14 - 07/18/25)