Stuck In A Range

StatsEdgeTrading

Welcome to the Friday Market Finale, where we break down the past week’s market action and prepare for what’s ahead. In this brief recap, we’ll cover key market moves, review levels to watch for next week, and share some of the trades we executed at StatsEdge Pro.

What Happened This Week?

This week was characterized by choppy price action in the major indices, with the S&P 500 not making any significant moves. We saw a small sell-off followed by a quick bounce, typical of the range-bound behavior that tends to occur as we approach elections. Additionally, we saw a bit of strength in energy markets, particularly with the XLEbreaking out of a downward channel.

On the crypto front, not much has changed. Bitcoin continues to range, and as long as it’s stuck in this range, I don’t expect much movement in other cryptocurrencies like Ethereum or Dogecoin. My strategy remains to wait for a breakout above $70k or a breakdown to $52k before taking any significant positions.

Trades from the Week

• MSTR: We got in at $161, and the stock is now up to $175—another great trade thanks to our pullback algorithm.

• Rocket Lab (RKLB): Caught this one just under $9, and it’s already at $10 for a strong return in just a few days.

• ARQ: Entered around $5.50, and it's been moving nicely upwards.

• LMT: We took a trend-following trade here after a breakout, and it's consolidating as expected.

Next week, we’ll be watching energy stocks, especially with XLE showing strength. Another stock on my radar is WOOF, a retail stock with a 28% short float. I’ll be looking for a pullback to the $5 area for a potential trade

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Takeaways for Next Week

• Watch energy stocks: The breakout in XLE and uranium is worth tracking closely.

• Focus on range-bound plays: With choppy market conditions, our pullback strategy has been highly effective.

• Bitcoin still in range: Until we see a clear breakout, no major moves are expected in crypto.

If you’re interested in more real-time trade setups and access to my algorithms, check out StatsEdge Pro at StatsEdgeTrading.com.