Santa Claus Rally! Stocks To Buy This Week!
Is this the week where we finally hit all time highs for the market? We got a bunch of incredible plays for this week!
Live Buy & Sell Alerts + Small account challenge which is at $1,703 from $1,000 🚀
I will also be livestreaming on YouTube This week! Make sure to subscribe with notifications on!
1. $SPY - Market Bias Bullish
SPY 0.00%↑ is on a consolidation phase where we are trading sideways and cooling off from our last breakout to the upside. We have been trading sideways between $467 and $474. Depends upon which side it decides to breakout to so it is very important to stay neutral until we see the confirmation. Currently SPY 0.00%↑ is sitting at the resistance which is the roof of the channel. Above $474 price target $480 which is all time highs! The overall bias is bullish with Christmas and New Years and us finally hitting all time highs. Historically starting from Christmas to New Years eve that is the most bullish for the stock market which is called the Santa Claus rally.
🟢Bullish Above $474
🔴Bearish Below $467
2. RTX 0.00%↑ - Swing Trade For Options 2-3 Weeks
RTX 0.00%↑ has been trading sideways for 2 months while making higher lows. We have a ascending triangle formation with a price target of $87 which is the gap entry. We are bullish above $84. The confirmation is going to be the close above $84 on the daily timeframe. The only concern about this play is how it hasn’t gotten that tight yet. It can still come back down to the test the support down below.
3. $XPEV - Playing The Bounce Off Support
$13.35 is a critical level for XPEV 0.00%↑. I want to grab a swing for shares and call options 2-3 weeks out to play the bounce off the support. Stop loss the close below $13.35 on the daily timeframe.
4. $NVDA - Ascending Triangle Breakout
NVDA 0.00%↑ has a massive ascending triangle on the weekly and daily timeframe. It has gotten extremally tight and it is a matter of time before it breaks out to the upside. I have made a whole video on it so make sure to watch that!
5. $BLNK Shares Price Target $4.65
BLNK 0.00%↑ is the lowest it has ever been on the monthly timeframe. We also have Ken Griffin who owns one of the biggest Hedge Funds, who is also betting on this stock. I made a whole video on this play!
The daily timeframe also looks incredible. Massive volume with a resistance of $4.65 which is my price target for shares. We are already up 15% on Discord entry.
6. ENPH 0.00%↑ - Day Trade Breakout
Loving ENPH 0.00%↑ because of how tight it has gotten on the daily timeframe. I am looking at calls right above $137 for a weekly day trade on options. Need to be above $137 for it to be bullish.
7. $NUE Shares/Leaps Long term Play
NUE 0.00%↑ has been consolidating since 2022 and it has now closed above on the monthly timeframe. This is a great play for leaps or long-term shares to ride the wave to the upside.
8. $BA- Short Play
I am looking to short BA 0.00%↑ below $260. The RSI is well overbought and it had a incredible run for the past couple weeks. It is also sitting at a massive weekly resistance. Looking at a day trade for puts below $260 at market open.