Trade of the Week
High Growth Chip Name Sets Up Quick Breakout Move into Space
Arm Holdings (ARM) shares of the high beta chip name are coiled in a tight range looking poised to break above monthly value into this weeks monthly expiration where it sits in a bullish gamma position and as long as can see prices hold above 150 it should push...
ETF Sector Corner: Crypto Mining Sector Setting up Breakout Higher from Recent Range
Valkyrie Bitcoin Miners ETF (WGMI) – The ETF provides active exposure to companies that derive at least 50% of their revenue from bitcoin mining operations and/or services related to bitcoin mining. y. It is important to note that this fund will not invest, directly...
Bull Put Spreads in Tech Giant with AI Tailwinds and Back at Key Support
Microsoft (MSFT) has now pulled back to the long-term support of YTD anchored VWAP and the 200 day MA both converging at 415 and sets up a solid risk reward to play a rebound into earnings season and likely floor at these levels into year end. Just below here is also...
Quick Weekly Breakout Trade for Cyber Security Leader
Palo Alto Networks (PANW) shares of the cyber security leader are very tightly coiled along its 55 day MA as a bull flag nears a trendline breakout above 345 for a potential swift move higher to 370+ but for this week a higher odds quick trade setup for the weekly...
Bull Put Spreads in PC Leader Seeing Higher Floor Develop
Dell (DELL) has now closed back above the YTD VWAP and key volume profile point of control near 117 as it comes off the summer correction lows and has a looming 21/55 EMA bull cross. The Tech name could pull back from here still to retest 115 but likely would be an...
Pharma Giant Forms Bull Flag for Quick Weekly Option Trade
AbbVie (ABBV) shares of the pharma leader are staying very strong since the early summer breakout and now forming a hight tight bull flag with eyes on the 200 round number target above. A lower beta bame in healthcare but that makes weekly options cheap for a...
ETF Sector Corner: Mobile Payments Group Carving Right Side of Cup and Handle
Amplify Mobile Payments ETF (IPAY) – The ETF invests in companies that stand to benefit from the transition away from cash and credit cards to digital payment technology. Top holdings include familiar names like Visa and Mastercard, but the index methodology caps the...
Bull Put Spreads in Chip Name Coming off Recent Bottoming Base
Advanced Micro (AMD) has now closed back above its 200-day MA near 150 as it comes off the summer correction lows nicely and cleared the anchored VWAP from the July highs. The chip name is a nice candidate for selling puts or bull put spreads at this point for a run...
Content Provider Near Highs Forming Quick Weekly Breakout Trade
Netflix (NFLX) has quietly rallied up into the 700 level which was resistance this summer on multiple occasions and tried to clear it last week but the large September options expiration had the 700 strike as a top gamma strike which likely capped its strength last...
ETF Sector Corner: Consumer Discretionary Group Breaking Out into Rate Cutting Cycle
Consumer Discretionary Select Sector SPDR Fund (XLY) – The ETF offers exposure to the consumer discretionary sector, making it an appealing option for investors looking to implement a sector rotation strategy or tilt exposure towards corners of the U.S. market that...