STOCKS TO BUY THIS OCTOBER! (2023)

In this newsletter we go over the stocks that we are watching for the month of October. We go over the overall market bias first which is the $SPY then we go over the stocks with the best setups!

Oct 02, 2023

S&P 500 - Market Bias: Bullish

The S&P 500 has found support at $427. We are bullish as long as if we hold the $427 level. Below $427 we are bearish to the downside.

Roblox - Buying Shares PT 70% Gain

Roblox has been consolidating for more than a year now and it has yet again hit the support level at $25. I myself bought 25 shares at $27. This is the best setup that I am watching for this month. Our upside potential is 70% for shares, price target being $50. The risk to reward is excellent even when we are not looking at Options. Straight up shares, stop loss close below $24 on the weekly timeframe.

Roblox Analysis Video

Apple - Options Swing 2-3 Months Out

$171 is a critical level for Apple stock. Previous years the $171 was a massive level of resistance but this year we broke out of that level and have tested it again. The resistance we broke has now become the support. I want to grab 3 month out calls for Apple stock. We have the technical analysis in play with a massive level of support but on top of that we have the Holidays coming up which is typically bullish for the market historically speaking.

Advanced Micro Devices, Inc - Options 2-3 Weeks EXP, Breakout 🚀

AMD has a incredible setup on the daily and weekly timeframe with a downtrend channel breakout. Looking at a 2-3 weeks out calls to play the breakout to the upside. Confirmation is if it closes above the level of resistance on the weekly timeframe.

Meta Platforms Inc - Neutral Options Play

Meta Platforms symmetrical triangle breakout on the weekly and daily timeframe. Neutral play, which ever side it breaks that will be the direction to play calls/puts on.

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