Trade of the Week
Relative Strength Software Name Sets up Quick Breakout Trade
Twilio (TWLO) shares of the software name continue to stay very strong rrelative to the market nad its sector as it hardly pulled back during the recent market dip and now with Tech names in breakout mode, TWLO looks primed to surge to hgihs above 115. This weeks...
Bull Put Spreads in Semiconductor Back at Long Term Support
Texas Instruments (TXN) has pulled back since its earnings report to its 55-week MA support and one-year anchored VWAP near 190 and likely a nice risk reward zone here with a lot of volume profile support on the chart with also the lower edge of its uptrend channel...
Internet Search Leader Setting up Quick Weekly Option Trade
Google (GOOGL) shares of the tech giant are forming a bull flag above its key moving averages after a strong thrust higher earlier this month on its Willow chip news created a gap and go move and likely continues to new highs into 200 and beyond going into early...
Bull Put Spreads in Travel Lodging Leader Forming Basing Floor at Support
Airbnb (ABNB) since its earnings report saw the stock fade from the YTD point control at 148 has been pulling back to the strong lower value area support near 127 and held that level firm last week and formed a bullish weekly hammer candle and closed green for the...
Quick Breakout Trade Setup in Tech Growth Player
Palantir (PLTR) shares are staying wildly strong and had a power candle Friday close up over 8% at highs and may have had some rebalancing effect buying on the close as it jumped from 78 to over 80. Because of that it might be a better way to approach a weekly option...
Bull Put Spreads in Sports Entertainment Leader at Support Ahead of Peak Betting Season
DraftKings (DKNG) has been pulling back to the 200 day MA recently and large support on the volume profile here at 40 with it also lining up at the YTD anchored VWAP and a zone that should find a floor as the sports betting leader enters a peak time of year in the...
Cyber Security Name with Quick Breakout Trade Brewing
Crowdstrike (CRWD) shares are showing great relative strength with Tech leading higher and have formed a nice bull flag after its recent earnings report last month as it now looks poised to breakout to fill that former gap at 380 into year end where a VPOC still waits...
ETF Sector Corner: Small Caps Set to Take the Lead into Bullish Seasonality
iShares Russell 2000 ETF (IWM)- This ETF is one of several offering exposure to the Russell 2000 Index, a widely followed measure of small cap U.S. stocks. Given this investment objective, IWM may be useful in a number of different ways; more active investors may use...
Bull Put Spreads in High Growth Chip Name After Holding Support
Arm Holdings (ARM) has been choppy since the summer time peak but the past few weeks have rebounded from a successful test of strong support near year to date anchored VWAP at 128 and the 50 week MA just below that zone with a lot of volume profile support generally...
Quick Weekly Option Trade Setup in Payments Name
Affirm (AFRM) shares are bull flagging near recent highs and continue to act strong above its rising 8 EMA on any dips since the strong earnings report last month and now look poised to make a run into 80 by year end. The weekly options this week are pricing in a...