SOS has fallen since the beginning of the year (March/April) with a lot of small caps. I like the risk/reward here since. $2.4 should be a resistance level that could then act as support leading into the rise to $3.1+. Stops can be between $2.00-2.10 depending on risk tolerance. Be careful with small caps from now until the end of the month. Last year there was a...
RKT will need follow through Monday but I like the look of this chart. I bought a small long term OTM $22c for fun a month or so ago and then bought some more of it when it was in the $15 range. It is a small position in case this breaks out to the upside in a crazy pattern as it has done a couple times in the past. Should be fun to see if there is follow through...
GOOGL has had a nice consolidation period and is now breaking out of that formation. Watch to make sure it is not a false breakout but I really like this price. Estimates into next year are between $3200-3500. FCF is stronger than ever and I do not see any reason to think ad revenue will be slowing down especially into next year.
I bought $21c 10/22 expiry yesterday at the end of day which are up over 100%. The question now becomes, is that a back fill that will continue lower or was the major sell off yesterday a one and done? I will take have of my calls off the table and let the rest ride on house money. Many weed plays are starting to look good especially into next year with a longer...
BNGO has a great run with other small caps last year. It has not been able to push past this trendline but hopefully this time it does. Be smart with your stops. I bought the $6c 11/19 expiry. RSI looks great and the consolidation to this point should allow it to push forward past this resistance at $5.5. Disclosure - while I own those calls, it has a terrible 2...
PLTR is showing continued strength after breaking down below trendline. The $26-27 calls for end of October is a short term way to play this. If she breaks down at that level or below, the concern will come if she drops below $23. Good stop area. Above $27 and she should look beautiful for the next few months. GLL!
AMC has a beautiful consolidation trend. Higher lows in the recent pull back. Still will need to break through the resistance but you could play some $40 calls for the end of Oct or higher if you want to gamble more. April-June 2022 calls would also be a nice way to leverage your investments but I would be wary of that trendline. If she does not break through, it...
LVS has come close to backfilling the gap down it had a while back. The $41c 11/05 calls have been beautiful. I would expect a little resistance at the trendline but I also expect her to keep climbing into next year. LVS has been beaten down to no end and last time I checked, gamblers are very good at continuing to find ways to wager their money. Keep an eye out....
IWM premarket is looking very nice. Above $225 and the $230-232c come into play. Will need to watch the lower interval charts to see what happens but I think we are moving in the right direction for a winter rally. Above $232 and then above new ATH ($233.64ish) and we are off to the races. Many people are claiming that the IWM should be at half value or zero. That...
AMD is not only an amazing company long term with 30% 3 year CAGR but technically it looks great as well. $115 and then $120 are resistance points. Could easily see her over $130 into EOY/beginning of next year. Chip shortage will be an issue for manufactures but the chip makers are in full capacity trying to pump out as much as they can. NVDA, AMD, TSM can not be...
Yalla has been consolidating in this range with strengthening RSI. It has consolidated right up to trend line with an inside day to boot. I am about to buy some calls. Have not looked at them but will probably choose the 10/22 8-10c. Have not looked at prices. May do a lotto for this week as well. Too interesting to pass up. GLL!!!
BA had a nice breakout to start the day but it needs to bounce off this $228 trendline area to maintain the bullish momentum. Long term (into end of 2022), I really like this company. There is a lot if tailwinds that should push this into the high $200s if not higher. GLL!
I would think with the big $ behind this company and the continued contracts they are winning, that this is a shake out of stops. MRK did the same thing and then their COVID pill was announced. Not that there's manipulation in the markets (LOL) but if that were some how to be true, this would make perfect sense. I will be waiting on a follow through for...
NCLH has consolidated back to its breakout line. 20/50/100/200 EMA all near price. It will either break down or explode higher. I am going to bet on the higher. GLL!
Tomorrow either we get another pullback and the mega cap stocks like GOOGL continue the pain train. I would doubt it with how strong of a company GOOGL is but we shall see. I like the possible breakout and I am adding for long term clients.
This trendline is becoming quite an annoyance. We need to clear above it and head towards yesterdays high or we could be in for the same junk tomorrow. GLL!
TWTR has a gap down just below $65. Saw an almost $400K 65c for 10/22 expiry. If she can get above 61.5, she should be able to get up to fill that gap and possibly more. On watch.
Saw this pop up on the squeeze metrics or a similar site. RSI divergence is nice and over $5.5 she can run. Not suitable for my clients since there is not report or at least there was not one last time I checked. I bought some at 5.09 for fun. Let us see what she can do! GLL!