Nothing special here with this post, just a little love for the subscribers!
(Side note) I’ll be working crypto into this newsletter in the future. Set up your Coinbase here so you can be ready for any crypto opportunities that present themselves. Carry on.
SPY has one indicator hitting a technical level, the RSI. This isn’t necessarily an indication the market is turning, it’s just a yellow flag. As long as it stays above there we just want to look for more flags.
Remember, trading is all about probabilities. We look for odds to stack, not jump at the first sign. This is one, if they start to stack then we prepare ourselves.
Our Apple ($AAPL) swing hit its first target of $129. We got the letter out right before the break, so nice! Next target is $138. RSI still has some room to go before it’s overbought at 70. If you didn’t take any profit at $129, you must be in it for the long haul. If any flags go off before $138, secure some profits. If not, enjoy the ride :)
Peloton($pton) did as expected, it filled the gap and felt a little resistance. That’s okay. The 1st target was $119 so you certainly could have taken profits on the run up as it did hit. But there hasn’t been any red flags yet, so I wouldn’t blame you if you stayed in it.
BYND: Bullish signal didn’t show on the daily so there wasn’t an entry
SNAP **(Play of the Month) did splendidly. Hit both targets and still has room to go. As you can see, SNAP is seeing some resistance at $63 as expected. No flags yet though but it’d be nice to have some profits in the bag if it starts to go sideways. Anyone who hit this, NICE!
SUPER BULLISH SPECULATION
Draftkings ($DKNG). Might play this with LEAPS. If you don’t know what that is, listen to this episode of the podcast. Lots of fundamental support. I actually want this to come down more because I want to pile into this stock.
If I make any earnings plays I’ll post them to the twitter probably. Go follow the profile. Share the newsletter with more friends and family, you see that we’re hitting plays and having success early. If you haven’t already, subscribe so you can get the posts that don’t go out to everyone else.
Adding to the watchlist: $PLUG, $NKE, $WKHS, $FSR, $ZM, $AMD, $ARKK