Weekly Watchlist July 17th-21st
Start of the earnings season with some amazing plays for this week. A ton of great opportunities in the current market. Going over the A+ setups for this week.
Earnings
Some big names are reporting earnings this week. Netflix and Tesla on Wednesday. As well as some well known banks are reporting this week. This is the start of the earnings seasons where we will be getting a lot of earnings reports for blue chip stocks.
S&P 500 - Top 500 Stocks
After breaking out from the Ascending Triangle formation we have entered a new zone between $448-$459. Below $448 we have $443 to test the level of resistance it broke out from.
QQQ - Tech Stocks
After breaking out from the Symmetrical Triangle we have entered a new zone between 379-389.
Netflix - Options Day Trade Idea
A amazing setup on the daily for Netflix. Ascending Triangle formation with earnings coming up on Wednesday. This is a day trade that I am looking at. Calls above $449 for a breakout to day trade on.
Disney - Swing Trade Idea
I got 90c 8/11 @ 3.85 x 2 contacts for a swing trade. I am watching the $87.71 level to average down on. $87.71 is the critical level of support that we need to hold. Below $87.71 is our stop loss. Full in-depth analysis in this video.
Autodesk
Autodesk consolidating for the past year in a Symmetrical Triangle. I love the setup for shares or call leaps above $219. Close above $219 on the weekly timeframe is going to be our confirmation that we have broken out for a continuation play to the upside.
AMC - Short Squeeze 2023?
AMC is a very interesting one with a massive Symmetrical Triangle on the weekly timeframe. I go in a full in-depth in this video.
IWM - Shares Play
I’m already holding over 10 shares of IWM 0.00%↑ as I alerted on Twitter. We closed above the level of resistance on the weekly timeframe showing us that we have broken the trend. My price target is $212 that is where I want to get out. Which will be a nice 10% on shares. Leap call options are also another great idea. Our stop loss is below $188. It needs to stay above the breakout area of $188 for it to be bullish. Last chance to enter the play since it already broke out! We are playing the continuation to $212.
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