Mag 7 + Big Tech Chart Pack I Perch Observations #2 I August 7th

Mag 7 + Big Tech Chart Pack I Perch Observations #2 I August 7th

Helping traders and investors add patience to their risk management process I ChatGPT+IBKR Automated Trading Guide I Trader Tax Status Guide I Futures, stocks, bonds, commodities, currencies, crypto

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Perch Observations

The Mag 7 are the key drivers of QQQ and SPY. All are sitting at interesting spots.

S&P 500

Nasdaq

Facebook

Apple

Amazon

Netflix

Google

Microsoft

Nvidia

Tesla

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Disclaimer: Little Bird Trading and any of its associations may or may not, whether long or short, have a position in any instruments. Not investment advice. Provided for informational purposes only. Not a recommendation or endorsement. Not registered or licensed. Model portfolios are property of their respective owners. All data is sourced from publicly available information.

Additional Subscriber Resources

How To: Build Automated Trading System with ChatGPT and the Interactive Brokers API

Includes screenshots and downloadable Python code: Here

Trader Tax Status (TTS) Guide

For established and new Traders. Includes a downloadable example mark-to-market (MTM) spreadsheet and trading log: Here

The Little Bird Trading Web App

For Apple and Android devices: Here

Not a recommendation or endorsement I Not investment advice

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About Little Bird Trading and How to Leverage Our Services for Your Trading and Investing

Little Bird Trading helps traders and investors with the most important part of their risk management process: patience

Our radar tracks the current Tailwinds (longs/buys) and Headwinds (shorts/sells) of 100+ assets to spot a potential launch point (Mark), or to wait (Roost) for a clearer flight path.

All reports cover two flight times

· Traders— Typically holding positions for days to weeks.
· Investors— Typically holding positions for months to years.

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