Spy Grind Continues
The Spy grind up continues and just like that we are back at highs. Spy closed at 445.87 last Friday and is now 453.59.
Quick little recap of some ideas and charts I had in previous blogs…
Afrm is holding the 9ema as it works its way higher. Afrm now 155.34 👍🏻
Dash still working. Almost at my 226.47 target.👍🏻
Crm also still working. Not far from psych level 300. 👍🏻
Lulu working and on its way back to highs. Closed last Friday at 403.51 and is now 424.04. Big week. 🔥🏃♀️
Ilmn slow. Working but slow. I’ll revisit this.
Amat hanging around mid bollinger band on the daily. Not quite ready. I’ll revisit.
Isrg hit a high of 345.16 on Tuesday. A few points shy of my target but I’ll take it. 🎯
Ba… my downside target was a little over 210 but Ill take todays lows as my target instead. Ba came down to 213.81 🎯
V hit my target on Wednesday plus some. 🎯
Nvda hit my 224 Target today plus some. 🎯
Some New Swing Trade Ideas
MCD - Looking good after closing over the 55 ema today. It has the 9 and 21 emas ahead of it but once in the cloud it should start moving up. I’m looking around 224/245ish for a target. Earnings is next Wednesday before Market open. Lets see if it can run a little ahead of earnings. Go buy some Nuggets!
DIS - I like Mickey here. Would like the mouse even better if we can close over 172. I may be early with Disney here but it has been beaten down as of late. The past two years, November has been really well for Disney. Also has earnings on 11/9. I am looking for a mid November swing here for Disney. I’ll use the 55ema as my target.
DKNG - Has been consolidating since the end of September. It looks to have regained the 9 ema and entering the cloud. Might finally be ready for a move higher. Earnings are on 11/5. Looking for a 51ish target.
Friday Trade Ideas
I’m really not a fan of lotto Fridays. Not the easiest for me to be quick with profit taking since I work so usually I will find something to swing to next week. Although If I do take a day trade, my favorite type of trades especially on a Friday are Inside Day trades. An inside day is when you have a candle that fits inside the previous days candle. Set an alert for the low and high of that candle and when it goes off you trade that direction. Nothing is 100% and things can always reverse but those are my favorite type of trades to do on a Friday.
Okta - Calls over 261.08 / Puts under 254.73
Mkc - Calls over 81.01 / Puts under 80.18
Kmb - Calls over 132.45 / Puts under 131.11
Amgn - Calls over 210.26 / Puts under 207.67
Everyone have a great weekend! If you like what you read if you could comment and show my blog to a friend that would be awesome.