Before the Bell: Market Bounce, Gold & Oil Trade Setups, Bitcoin Breakout, and Cybersecurity Stock Plays
Description
Good morning traders and investors!
In today’s Before the Bell breakdown, we’re seeing a surprising bounce across major indices, fresh opportunities in gold and oil, a strong Bitcoin recovery, and two cybersecurity stocks showing great setups heading into earnings.
Let’s jump into the charts, the market mood, and the trade opportunities from today’s session.
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📈 Market Overview: SPY, QQQ and the Bounce Back
The market is showing a strong pre-market bounce, with SPY recovering from 662 to 678 on futures.
* Price is opening above the 50-day moving average,
* MACD still gives a sell signal,
* RSI is attempting a reversal.
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NASDAQ (QQQ) is also opening in the green, up 10 points, reclaiming its 50-day moving average.
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🟡 Gold (GLD & GDX): A Potential Entry Point
Gold sold off but is holding the 20-day moving average, showing solid support.
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GDX Options Setup (Gold Miners ETF)
You mentioned a strong setup:
* Sell $67–$76 puts
* Yield: $72–$100
* Risking ~$670
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This is >10% monthly return — fantastic risk/reward if support holds at $73–74 on GDX.
Gold LEAP Setup
* Buy January 2027 LEAP
* Sell monthly calls outside 1SD
* Return: $70–$80 per month
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🥈 Silver (SLV): Good Chart, Weak Options Premium
Silver is pulling back but has strong support below.However:
* Selling the $43 put yields only ~$30 while risking $410
* Gold trade is superior
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🛢️ Oil (USO, XLE): Resistance Overhead
USO is bouncing into resistance at the 20-day MA.Pre-market: Jump from 70 → 71.54.
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However:
* Heavy overhead resistance
* Better trade: LEAP + Covered Calls
* Requires ~$2,372 buying power
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XLE offers nothing attractive at the moment — poor premiums.
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₿ Bitcoin (IBIT) and Ethereum (ETHE): Strong Overnight Jump
Bitcoin ETF (IBIT):
* Huge bounce (~4% post-bell + pre-market)
* You already hold a LEAP (Jan 2027 $400)
* Selling calls brings in $61–71, risk-free against your long call
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Ethereum ETF (ETHE):
* Up nearly 4%
* But price sits under the Ichimoku cloud
* Better to wait for a red day, then buy LEAP + sell calls
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💼 NVIDIA (NVDA): Quick Earnings Recap
NVDA earnings → Beat on revenue, guidance strong, bulls are back.But: You wouldn’t buy here — wait for pullback.
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🛡️ Cybersecurity Stocks: PANW & CRWD
Palo Alto Networks (PANW)
* Major pullback
* Bouncing into 200-day MA
* A buyable nibble zone
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Great put-selling setups:
* $175 strike → ~$200 premium
* $170 strike → ~$127 premium
* ~10% monthly return potential
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CrowdStrike (CRWD)
* Your favorite cybersecurity stock
* If CRWD ever hits the 200-day MA → back up the truck
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📊 Today’s Earnings Calendar
Before the bell:
* Walmart (WMT)
* Zim (ZIM)
After the bell:
* Intuit (INTU)
* Gap (GPS)
* Bath & Body Works (BBWI)
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📌 Mentioned Stocks & Ticker Symbols
TickerCompanySPYS&P 500 ETFQQQNASDAQ 100 ETFGLDGold ETFGDXGold Miners ETFSLVSilver ETFUSOOil ETFXLEEnergy ETFIBITBitcoin ETFETHEEthereum ETFNVDANVIDIAPANWPalo Alto NetworksCRWDCrowdStrikeWMTWalmartZIMZIM Integrated ShippingINTUIntuitGPSGapBBWIBath & Body Works
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