PLTR held up well today while the broader market declined. The RSI is looking bullish, nice trendline support at the moment. PLTR has been in the accumulation stage for a while now but I expect a break outside of the white box in the near future, before the end of the month if I had to guess. With some increased volume, $30 is the next stop. I don't buy into the...
My favorite setup. Blue chip stock, ascending triangle. Calls have super low IV making them dirt cheap. 9/24 $225 call option $3.15. Hoping for a quick move early next week. Today's candle looks bullish, lets see what we get tomorrow.
TXN is setting up nicely. Ascending triangle, bullish pin bar candle on the daily. Looking for a move to $191+ next week. Will look for opportunity to enter 9/17 $190 calls tomorrow. 50 MA is acting as resistance but should be able to push through.
NIKE had a nice pullback to the trendline today, could be a good opportunity to grab some shares. Nice symmetrical triangle forming. Looking for a move to upside in the next week. Playing $167.50 calls expiring 9/10.
ROKU had a strong day today, looking for continuation tomorrow. Morning star pattern is a reliable reversal pattern. If ROKU can break above $364.77 with momentum it's lights out. Let's see if the market can string together a few decent days.
The market is looking like it wants to dump. I hope not but anything with a decent setup is failing to follow through right now. $89 puts expiring 9/3. No sense in taking lumps when we you can profit on the way down.
On the chart I have marked an 10% correction, 15% and 20% crash from all time highs. A correction would put the spy right around 402 where it gapped up. I am not the least bit of a bear but I bought calls on SH today incase the SPY decides to dump. Very low cost way to hedge.
APPS looks ready to starting moving back to the upside. Inverted hammer on daily at a major support level. Entry will be when price breaks today's high. First quick price target is $59-60, then $66. Earnings overreactions are my favorite plays. Bottoms are easy to spot and moves back to previous structure levels are quick.
The uptrend for SQ is still intact. Held the swing low, nice little pullback. Tomorrow morning could be a perfect opportunity for an entry. Will enter $267.50 calls expiring 8/20 if opportunity presents itself.