Good morning, traders…

Markets were on fire yesterday, with tech stocks leading the way.

Plenty of names from last week’s watchlists gapped up huge. If you were holding call options for Tesla Inc. (NASDAQ: TSLA), Alphabet Inc. (NASDAQ: GOOGL), or Advanced Micro Devices Inc. (NASDAQ: AMD), you had some reasons to smile at the open. 

Names like 3M Company (NYSE: MMM), which had been in a long downtrend, are finally breaking back through old resistance zones. We saw repeat order flow on it, and with a clear resistance-turned-support level, it’s one to watch for pullback entries (especially in June contracts).

Meanwhile, e-commerce names like Shopify Inc. (NYSE: SHOP) and Amazon.com, Inc. (NASDAQ: AMZN) are popping off. Even Nike Inc. (NYSE: NKE), which has been battered for a while, filled its open gap to the cent. If it can hold that move, there’s more room up.

Over in the post-earnings camp, LYFT Inc. (NASDAQ: LYFT) had a monster Friday and was building a nice wedge yesterday. That kind of consolidation right after a gap can offer cleaner continuation plays without having to chase.

Lesser-known energy name New Fortress Energy Inc. (NASDAQ: NFE) also caught some unusual order flow, and the chart’s been building a solid base. If it clears the zone it’s sitting in, the $7 area comes into play. Watch for the earnings reaction. 

We’re seeing the same across the board: big morning gaps, potential second pushes, and strong momentum. 

This kind of early week, out-and-out strength can be tricky to trade after the initial move, but it can also set up juicy opportunities if you’re patient and disciplined. 

However, if you don’t know why stocks are ripping, you’re trading with blinders on…

Why Stocks Are Surging (and How to Catch the Next Wave)

Over the weekend, the U.S. and China announced a 90-day trade agreement, reducing the tariffs significantly:

Meanwhile, the Nasdaq opened up nearly 4% on Monday, and weekly call options on Invesco QQQ Trust (NASDAQ: QQQ) went parabolic. 

Some of those contracts gained as much as 1600% over the weekend:

It’s impossible to predict future events outright. But in this case, there were hints…

Right before the weekend, President Trump implied a big announcement was coming. Traders who were paying attention had a real shot at getting in front of this one.

If you missed it, you weren’t tracking the headlines closely enough. And in this market, that’s an easy way to miss big trades. 

The tape is moving fast, but the news is moving even faster. Moreover, those headlines are driving share prices and setting up trades with serious potential.

Today, I’ll walk you through how to watch for moves like this and catch the trades early.

Watch this video before the next big catalyst emerges…

Happy trading,

Ben Sturgill

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*Past performance does not indicate future results