Sentiment Selloff Or Risk On? SNAP, The Nasdaq & More...

Welcome Back to The Wall Street Hustle! This week, I’ll be covering: - RIOT - Trailblazing The 0-DTE Room! - Nasdaq - Price Level Update. - SNAP - Is The Selling Over?! [Read this week’s Wall Street Hustle]( Last week I alerted to levels in the Nasdaq that the index has approached with last weeks price action playing out to the upside. We saw a high on the Nasdaq last week on 7/22 at 12,698.50 with the index opening up relatively flat this morning. It has been quiet all weekend and into today as corporate earnings are playing out with little to no upside or downside surprises, as most stocks have been reporting in line and if there was a miss, there was not much in the way of selling. That is of course the exception for SNAP which sold off more than 20% after reporting corporate earnings on 7/21. This confirms my belief that there could be more to come in tech as the weak hands are washed out and only the ‘Cash Tech’ names that are able to innovate, consistently show a profit, and have sound long term business plan can not just survive but also thrive. Now let’s look at some recent smart-money plays that I brought to my readers attention: Back on 7/21/22 I alerted my [LottoX Members]( to: RIOT Long Contract: $7.50 Calls Ben sees what Bitcoin is doing and sees that this stock could benefit. These are trading at .28. And sure enough, the contract saw price action that brought the options contracts to .45+ each. Now, THIS throwback came from Thursday’s LottoX Live session. If you aren’t a member yet, consider saving on a year of access today.. [CLICK HERE TO JOIN LottoX]( Okay, that’s enough looking back… Because as much as I hope these helped you find some winning trade ideas, I want to talk about what’s cooking now in the Fat Cat Kitchen… MGM, which made a low on 6/23 at $26.41 a share reports corporate earnings on 8/2/2022 after the bell into what looks like a strong pattern that could release to the upside. Despite a weak consumer… [Keep Reading to see what else I’m eyeing in MGM…]( Ben Sturgill [Image] [Facebook]( [Twitter]( [Instagram]( [LinkedIn]( RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Manage your email subscriptions.]( © Copyright 2022, RagingBull DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at [(. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment. RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. Employees, owners, and other service providers of [RagingBull.com](, LLC are paid in whole or in part by commission based on their sales of Services to subscribers. WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services. However, Ragingbull.com, LLC, its owners, and its employees may purchase, sell, or hold long or short positions in securities of the companies mentioned in this communication.