Tech names were taking a beating earlier, but most have rebounded back off the lows. In fact, most are looking really bullish during this selloff. Now I am unsure if the markets will rebound back with the new round of tariffs going into effect at midnight tonight. I do know there has been a lot of inflow in momentum tech names and TTD is one of them. They sold off pretty aggressively very early in the trading session. Coming off a huge beat and a raised guidance, this is usually a recipe for a huge rally (reference ROKU for example today). Instead, TTD slammed and dumped a huge amount. It did find support at the swing low, but it was interesting to see how fast and extreme the sell-off was early. However, technicals played a role and people found great value in TTD. Now it is not to say the stock will rebound back to where it started today. I will say there was a great opportunity to find value in a name that had positive fundamental news. TTD trading above $220 in a few weeks is not out of the question. If the markets rally back soon, TTD could be above that level by the end of next week. Keep TTD on your radar in the near term.  

Follow me on Twitter: @DiscipleOfTrend

about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

Read Similar Articles

August 23, 2026

The Week Ahead: JACKSON HOLE

Some intraday volatility returned to the market as treasury yields remained elevated, particularly on the long end of the curve.  Investors continued to monitor developments in the Middle East and the new tariff situation with Canada. Equity investors have been taking their cues from the direction of U.S. government bond yields in recent sessions as […]

Read Article
https://www.prospertrading.com/scott-bauer-rings-cboe-closing-bell-081826/Prosper Trading Academy Rings the CBOE Closing Bell
August 19, 2026

Prosper Trading Academy Rings the CBOE Closing Bell

A milestone moment for Prosper Trading Academy. Scott Bauer rang the closing bell at the Chicago Board Options Exchange alongside the Prosper team, then sat down with FINTECH.TV to share what his time on the floor taught him and what he sees coming for markets right now.

Read Article
https://www.prospertrading.com/bauer-fox-business-081826/Get Defensive: Scott Bauer’s Case for Protection
August 18, 2026

Get Defensive: Scott Bauer’s Case for Protection

The market keeps whipsawing between defensive and risk-on in a matter of hours. Scott Bauer joined Fox Business live from the CBOE floor to explain how he is navigating it, why the skew index is sending a warning signal, and where he is positioning for the rest of the year.

Read Article

Read Similar Articles

July 15, 2026

The Fed, Oil, and What Earnings Season Really Means

Scott Bauer joined the IBKR Podcast this week to break down what moved markets last week and what investors need to watch heading into the next stretch of earnings season. From lagging inflation data to big tech CapEx concerns, Scott did not hold back.

Read Article
July 5, 2026

The Week Ahead: Happy 250

The Dow rose more than ​1% to a record closing high on Thursday ahead of the long holiday weekend as a softer-than-expected U.S. ‌jobs report eased worries about interest rate hikes, while another sharp drop in chipmaker stocks weighed on the Nasdaq. The second half of 2026 kicked off this week much the same as […]

Read Article
June 28, 2026

The Week Ahead: Darn Inflation

A renewed sell-off in technology stocks grabbed headlines this week. The Nasdaq index fell 4.5%, closing lower 5 days in a row, led by a large 5.5% decline in the so-called Magnificent 7 mega cap names. Meanwhile, the post IPO exuberance around SpaceX appears to be fading, with shares now down 25% from their peak. […]

Read Article