Options
NVDA about to retest ATHLooking strong this morning,
309.50 is a good pivot point imo
Keeping this one on the watch today
RF Triangle breakRF is another idea in the financials.
Triangle break and room for ATH
Entry would be above today's highs
F moving towards highsF is moving nicely PM,
Watching for an entry above 20.10 with targets at 20.80
COIN trying to breakoutCOIN had a nice pullback into a pennant after massive run,
Price is now trying to breakout.
Above 331.70 we could trigger a push towards ATH
Watching that level
SPY, make it or break itSPY approaching a zone of interest,
This will either provide us with a bounce, or this is the beginning of a much bigger retracement
MSFT bounce or drill ?MSFT is sitting at strong support, Does it bounce from here, or it just keeps drilling?
Market in overall looks weak.
Volatility - UVXY Long Dec. (Speculative)Idea for UVXY:
- Long 14C December 17.
- Still valid signal of VIX (double bottom now):
- DXY , US10Y breaking out.
- Complacency max, but still have Long Vol signal.
GLHF
- DPT
ABNB Channel breakoutABNB looks like it is finally moving outside of a descending channel,
Has great R:R
LCID Getting tightWatching this big Symmetrical triangle as price gets tighter inside it.
$53 is a pivot to the upside in my opinion,
Watching price consolidation above it.
$SQ | WEEKLY WATCHLIST 11/29Good start on this bounce. We want to see bullish continuation to confirm my thesis! Think long-term with this one...
$RTY | WEEKLY WATCHLIST 11/29Have been tracking this for awhile now. Expecting a base to build here before our next leg higher towards $2650+. Eyeing a position on this one very soon. ($IWM)
$ROKU | WEEKLY WATCHLIST 11/29Uhhhhhh is it finally time?! Last week we nearly tapped my buy zone. I'm fairly sure I was one of the first to share that level with you guys! Looking for some support to build before pulling the trigger. $400 above is possible on the next impulse up.
$NIO | WEEKLY WATCHLIST 11/29Smaller degree wave 2 looks to be in! Expecting an impulse higher this week above $45. $37 needs to hold below for this count to stay strong.
$MU | WEEKLY WATCHLIST 11/29No changes from last week. Still waiting for larger degree wave 2 before buying in.
$MSTR | WEEKLY WATCHLIST 11/29Do you regret not buying Tesla under $700? Well... you're in luck. MicroStrategy under $700 is a GIFT. Look for $635 to hold as support and a sharp move higher towards $1000. Don't sleep on this one.
11/29 - 12/03 | $MRNA | Watchlist #3$MRNA $308 or $300 bounce
(If we get below then reclaim these levels, take a position for calls)
Price targets:
308->310
300->305
Technical analysis: Bounce off pivot point around 308 area or bounce off psychological level at 300
Rationale: With increasing news of a new virus variant, vaccine stocks are rallying so there is built up potential for more momentum
11/29 - 12/3 | PTON | Watchlist #2 $PTON +47
(Over $47 for calls)
Price targets: $48, $50
Technical analysis: Bounce off pivot point on the daily chart
Rationale: With increased news of a new virus variant, stay-at-home stocks could continue momentum upwards
$LCID | WEEKLY WATCHLIST 11/29Following Tesla's chart very well and have been tracking the two together. Looks to be a wave C in progress. Still waiting patiently before pulling the trigger to go long on this one.
$FCEL | WEEKLY WATCHLIST 11/29Triple nested 1-2 setup sitting on falling wedge support. As long as $8.60 holds, I expect another leg higher to $14.59 by December 17th.
Yes, I am aware this is quite an aggressive prediction, however I'm using past data with how FCEL likes to behave indicated with the red/green boxes.
11/29 | QQQ | Watchlist #1 QQQ -387
(Below 387 for puts)
Price targets: $383, $375
Technical Analysis: QQQs has been in a linear regression channel for the past year so under 387 will begin retesting the bottom of the channel
Rationale: With increased news of a new covid variant, if QQQs continue to sell off, the plan is to buy and hold a $380 put for a month's expiration 12/24
$AMZN | WEEKLY WATCHLIST 11/29Like Apple, we expected Amazon to pullback while most were super bullish. A bit more uncertainty with this one, as we can call this pullback either a wave 4 (if we hold 50%) or another nested 1-2 (if we hold $3350-3440)
No longs for now.
$AAPL | WEEKLY WATCHLIST 11/29Short-term, Apple doesn't look too hot. False breakout last week while everyone was super bullish, however we saw this one coming and didn't rush in. I'm looking for a retest of the diagonal breakout which also lines up with the golden pocket. Daily Oscillators need to cool off as well.
If markets prove to be strong through the end of the year, we may get a shallower retrace for wave 2. Target above remains at $180+. Be patient friends.
