Stocks To Buy This Week!
Newsletter to keep you prepared for the stock market this week! We got a $4 stock with huge upside potential in the premium section of the newsletter!
Economic Calendar
We have a lot more going on this week. We have Inflation numbers on Tuesday and Wednesday on top of that the Fed Interest Rate Decision, FOMC Statement, FOMC press conference all of which are catalysts that will cause volatility this week for the markets. Just be careful and be aware of this catalysts especially if you are holding weekly options.
S&P500 - Bullish Bias
The SPY 0.00%↑ has been consolidating for the past couple days between 454-459. We have successfully closed above $459 which is bullish since we have now broken the trend. The SPY 0.00%↑ and the overall market likes to consolidate a lot and playing these breakouts are profitable. The bias trend for this week is bullish!
QQQ - Tech ETF
QQQ 0.00%↑ has been consolidating between $384 and $392. Take a look at my chart and see how QQQ 0.00%↑ has consolidating like this way before many and many times before. A close above $392.53 is bullish on the daily timeframe because psychologically that shows us that we have broken the trend to the upside. Our price target is all time highs of $403. If we do get some negative this week we can play calls at the $384 level of support.
SoFi Technologies 7.5c 12/22 @ .74
SOFI 0.00%↑ has officially closed above and has broken the trend to the upside on the weekly and daily timeframe.
SOFI 0.00%↑ is a little bit more interesting on the daily timeframe. We are consolidating between $7.87 and $8.13. Close above $8.20 is bullish to the upside.
XLE - Oil Play
I am grabbing 3 month out calls $82 strike for XLE 0.00%↑ right at market open. Oil has a incredible play and it would take a while to really go over the whole play. I made a whole video on it 👇
UpWork Inc - Day Trade Breakout
UPWK 0.00%↑ has a incredible setup on the daily and weekly. Symmetrical triangle setup that has been consolidating for almost a month now. I want to play the breakout to the upside. Wick being the price target. Stop loss below $13.66.
SNOW - Day Trade Breakout
SNOW 0.00%↑ broke out on the weekly timeframe off the Symmetrical Triangle.
On the daily timeframe it looks amazing for a play for the breakout and continuation off the weekly. I am looking at weekly call options for a quick in and out.
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