3 STOCKS TO BUY THIS WEEK! 10/16-10/20
3 Stocks with incredible setups to watch for this week!
Economic Calendar
Fed Chair Powell is speaking on Thursday which is going to cause some volatility for market this week.
Earnings Calendar
We have earnings season starting this week with the banks + Tesla & Netflix on Wednesday after market close. Next week we will have even more earnings for blue chip stocks. Be prepared for earnings season where a lot of companies will be reporting there profit/revenue, etc. This will cause huge movements in the market to the either side depending on the earnings report.
#1. DraftKings Inc. DKNG 0.00%↑
I personally got into a DKNG 0.00%↑ call position of 28c 10/27 @ 1.45. I am looking at a bounce off the support with a stop loss close below the support on the daily timeframe.
This can also be a bearish play since it is a Symmetrical Triangle which is a neutral pattern. At market open if we have selling pressure for the first 10 minutes this can be a nice play to the downside.
#2. Tesla Inc. TSLA 0.00%↑
Tesla has earnings this week on Wednesday which can play in as a positive catalyst for a potential runup to earnings. Tesla is sitting right at support. The play is to play weekly calls right at open to play the bounce off the support and sell before the earnings report gets released.
#3. Advanced Micro Devices, Inc. AMD 0.00%↑
I have a call position for AMD to play a continuation of the breakout on the weekly timeframe. This is going to be a 2-3 week swing.