ROKU had a strong day today, looking for continuation tomorrow. Morning star pattern is a reliable reversal pattern. If ROKU can break above $364.77 with momentum it's lights out. Let's see if the market can string together a few decent days.
I think AMAT can get a quick pop to reclaim the trendline. Once AMAT is back on top of trendline we could get a breakout over resistance and make a run.
Chart is pretty self explanatory. GOOGL is primed. Hoping it doesn't gap up so I can get in tomorrow morning the during the opening dump.
The market is looking like it wants to dump. I hope not but anything with a decent setup is failing to follow through right now. $89 puts expiring 9/3. No sense in taking lumps when we you can profit on the way down.
MA with a textbook bounce off the trendline. If I had more buying power I'd be in on $365 8/20 calls. PT $368-$370 EOW.
On the chart I have marked an 10% correction, 15% and 20% crash from all time highs. A correction would put the spy right around 402 where it gapped up. I am not the least bit of a bear but I bought calls on SH today incase the SPY decides to dump. Very low cost way to hedge.
CAT is looking strong. Came back to test key support level and had a flawless bounce. Next leg up, $228 next target.
PG looking good. Expecting another green candle tomorrow breaking over resistance. 3 green soldiers. In on $145 calls expiring 8/20.
APPS looks ready to starting moving back to the upside. Inverted hammer on daily at a major support level. Entry will be when price breaks today's high. First quick price target is $59-60, then $66. Earnings overreactions are my favorite plays. Bottoms are easy to spot and moves back to previous structure levels are quick.
My projection is based on previous moves from higher lows to higher highs. In an trending market DKNG moves 20-30% from the higher low to the higher high in 7-10 trading days, then retraces for 2-4 days to make a higher low. My forecast is $63+ by Sept 3rd. Buying Sept 10th ATM calls when DKNG retraces and touches the trend line. Football season will be kicking...
The uptrend for SQ is still intact. Held the swing low, nice little pullback. Tomorrow morning could be a perfect opportunity for an entry. Will enter $267.50 calls expiring 8/20 if opportunity presents itself.
WBA broke a key resistance level and is now testing as support. I'm expecting a bounce off it and a push to $51 next week. In on $50 calls expiring 8/27. Options are super cheap, low risk setup.
SBUX looks like its ready to reclaim the long term trendline. Could see a big jump back over the trendline tomorrow. In on $118 calls expiring 8/20.
CPRT is looking bullish. Held support nicely. Looking for a big bounce off the trendline tomorrow.
PACB is continuing to make higher highs and higher lows. 50 MA acting as resistance. A clean break above the 50 will be my entry point. Looking for PACB to make an explosive move as we get closer to the apex of the triangle. PT $35-$38 in 4-5 weeks. Using trendline as stop loss.
CPRT has a nice setup to continue pushing higher. Nice long lower shadow at a key support level indicates that buyers are stepping in. $145 is my PT for Friday.
AMAT has had these ridiculous sell offs multiple times only to make a new highs 14 days after bottoming out at the trendline. Kinda silly, looking like easy money. Loading the boat with 9/3 call options. I don't know who is pulling the strings of the market but it looks like a damn bot. AMAT new all time high September 1st.
TGT has been ripping and is due for a pullback.