Godzilla Trader

Godzilla Trader

Share this post

Godzilla Trader
Godzilla Trader
Thursday 24 April

Thursday 24 April

Godzilla Trader 🦖's avatar
Godzilla Trader 🦖
Apr 24, 2025
∙ Paid
29

Share this post

Godzilla Trader
Godzilla Trader
Thursday 24 April
1
Share

Good Morning,

The S&P is consolidating after a large gap up yesterday but once again failed in the 5460 area and also failed to close above the 20 day moving average at 5385. Futures are down 40 points but I am not bearish here for the time being. We had an earnings trade signal for IBM however this stock wasn’t far off its yearly high so I avoided this one. There will be plenty to come in the coming weeks. My preference is to be long some of the more beaten down names for earnings trades.

Overnight the Chinese commerce ministry has denied having any contact with the US despite President Trump stating the opposite recently. The President did say that the US will have a new (lower) tariff rate on China in the next 2/3 weeks. I remain optimistic on at least a moderation of the trade tensions due the sheer amount of debt due to be issued by the US treasury this year not to mention the economic impacts for US businesses on a shut down of trade between the World’s two largest economies. Also very important here is the liquidity environment, see members area.

Yesterday’s Trades

5405 0DTE C exp 0

5380 0DTE C +93%

GOOG C +118%

Weekly Liquidity Update

Keep reading with a 7-day free trial

Subscribe to Godzilla Trader to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Godzilla Trader 🦖
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share