"Discover the setup that's been crushing it in this market." Nate Bear, Lead Technical Tactician, Monument Traders Alliance Hey gang, While everyone's been busy chasing the latest AI hype, I've been quietly collecting wins in Profit Surge Trader with names like Google (GOOGL): Now, I know what you're thinking… The market is SO overextended that we're due for a pullback…right? Yeah, I think it's going to come sooner rather than later. But as I told folks in the Profit Surge Trader live session, we just need to select the right strategy for the situation. And I used one in particular with Google which is perfect for this kind of environment. This simple strategy exploits several factors all at once: Google's upcoming earnings, the low volume, and everyone looking for a market reversal. Today, I'm going to unpack this blueprint so you not only understand why it works, but how to deploy it RIGHT NOW. The Market Landscape Let's face it: we're all waiting for the other shoe to drop. The market's been on a tear. Conventional wisdom says we're due for a pullback. But here's the thing – between now and July 2nd, there aren't any major catalysts on the horizon that could trigger that pullback. And in the world of trading, timing is everything. So, what's a smart trader to do? Simple. We look for opportunities that can play out before any potential market shift. That's exactly what we did with Google in Profit Surge Trader Why Google? Now, you might be wondering, "Why Google? Isn't that old news?" Well, here's something many traders overlook: Google's earnings are coming up on July 24th. And if there's one thing I've learned over the years, it's that high-quality stocks with a solid setup often run higher into earnings. But not just any setup will do. We're looking for what I call a TPS setup – that's Trend, Pattern, and Squeeze. The TPS Setup Let's break down Google's chart: - Trend: This one's a no-brainer. Google's been in a clear uptrend, and that wasn't really in question.
- Pattern: Now, this is where it gets interesting. At first glance, you might think there isn't a clearly defined pattern. The solid white lines don't exactly connect the highs and lows. That's okay. The idea is just to get a basic shape where most of the volume is happening in a narrowing range.
- Squeeze: Here's where things get juicy. We've got a valid squeeze at the bottom of the chart (red and orange dots). if you look closely, you'll see the momentum shifting up indicating some buying pressure.
All of these elements combine to form a high-quality TPS setup on the 15-minute chart. But to add a little more fuel to this trade, I looked for an A+ setup where the 8-period exponential moving average is above the 21-period, which is above the 55-period. Trying to analyze thousands of stocks to see which ones meet the criteria can be a huge challenge. Luckily, I've got a shortcut. Finding the Edge with S.A.M. I've got to give a shout-out to our secret weapon – the S.A.M. AI Scanner. This bad boy is what initially brought this Google trade to my attention. For those who aren't familiar, S.A.M. (which stands for Stock Acceleration Monitor) is an AI-powered scanner that we use in Profit Surge Trader to identify high-probability setups across multiple timeframes. It's like having a team of analysts working 24/7 to find the best opportunities in the market. And let me tell you, it's been an absolute game-changer for our members. The Trade Execution So, armed with this information, here's how I played it in Profit Surge Trader. I bought the GOOGL 6/28 $180 call @ $1.73. Now, why this specific option? A few reasons: - The expiration date (6/28) is before July 4th, aligning with our market outlook.
- It's also well before the earnings date, allowing us to potentially benefit from the pre-earnings run-up without exposing ourselves to earnings volatility.
- The strike price ($180) was slightly out-of-the-money, giving us a good balance of risk and reward.
I was able to sell it @ $2.00, booking a quick 15% gain the very next day. Now, I know what some of you are thinking. "15%? That's it?" But remember, this trade played out quickly, and we were in and out before most traders even realized there was an opportunity. Plus, had I held on longer or only sold a portion of the trade, the call options kept running, getting up to $2.95 by mid-morning, a potential gain of 73%. | 
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