Stocks To Buy This Week! #31

An amazing A+ Setup on Tesla for this week, get prepared for the markets this week!

Jun 10, 2024

Expecting a lot of volatility this week with Inflation numbers dropping on Wednesday and Thursday and Fed Monetary Policy Report on Friday. Wednesday is going to be a very big day for the market we have FOMC Statement, FOMC Economic Projections and Fed Interest Rate Decision which will greatly impact the market.

SPY - Market Sentiment

SPY 0.00%↑ broke out of the consolidation phase making the resistance the support now. We need to hold $531.45 support for us to be bullish. Below $531.45 we have more room to the downside @ 524.12.

1. TSLA 0.00%↑ Options, To Play The Breakout

TSLA 0.00%↑ is the main play that I am watching for this week. We have an amazing set up on the daily. I want to play the bounce off the support @ 174.16 for weekly calls. A close above $180 is bullish to the upside to $186 price target. It is very similar to our previous play on NKE 0.00%↑. I made a full video on $TSLA.

2. American Airlines 3 Month Option Swing

For AAL 0.00%↑ I got 3 month out $11c calls which were dirt cheap. The chart looks amazing as we are sitting at 2020 levels, really the lowest we have ever been on the weekly timeframe. The $11 is a massive level of support and our probabilities are amazing. I also entered in shares.