Spy New Highs Again/Googl and Msft Rip on Earnings/FB Name Change. Quite the week.
We may get another breather day tomorrow as Amzn and Aapl both bleeding after hours today on their earnings release. However this week has brought spy to new highs yet again. Spy currently at 458.32 Spy Chart Below.
Quick Little Recap of Previous Ideas
Dis - Worked for a nice trade on Monday and still hanging on to the channel it is in. Still a very great risk to reward trade.
Blnk - Also still in tact and now peeking out of the trend line on the weekly today. Good movement on this.
Ai - Still working. Looking like it wants to revisit the bottom bollinger band on the daily before it goes up.
Ual - Also still working. Slow but still setting up.
Snap - Broke the trend line. Reminded me why I don’t rush to buy earnings dips.
🎯 Mcd - Target Met thanks to earnings. Holding through an earnings release is not the safest thing to do. But when it works out it usually works out well.
🎯 Lulu - Has been an absolute Monster. I wanted 445 but this thing has been on such a tear I’ll take the highs it hit today at 443.46 as my target. Such a great stock!
🎯 Crm - Hit a high of 299 and change this week. I was looking for 300 but I’ll take it.
🎯 Dkng - Hit a high this week of 50.48 I was looking for 51ish. This is a very very slow mover so I took my target here.
Finally ..
Dash - After hitting a high of 220.61 Dash fell off a cliff. Fell straight from top band to bottom band on the daily and right back to mid band on the weekly. Reminding you to continuously take profits along the way. Will revisit.
Afrm - I never really set a target for this I don’t think. I just think this is a great long term hold. Now at 161.89
Some New Swing Ideas
Se - Bounced off cloud support on the daily and through the trend line. This one looks like it wants back to highs at 372.70 and that’s what my target will be. Remember take profit a long the way.
Docs - Daily chart looks good as it has broke through the Zero line Ema. I would however wait for it to cross the Zero line Ema on the weekly which lines up with the top trend line. 73ish would be my first target. Then top band on the daily.
Apps - Just like Se right off cloud support and through the trend line. Top band on the daily is around 93 which I would shoot for first and then the 52 week high is 102.56.
Gs - Big earnings beat a few weeks ago and it’s been heading up since. A break through trend line on the daily should take it to its 52 week high at 420.76 which would be my first target. Then top band on the daily at 426ish would be my next target. Also… that weekly chart is solid! Zoom out and take a look further back. Continuously bounces off cloud support.
Friday Inside Day Trade Ideas
Stz - Calls over 217.90 / Puts under 214.86
Burl - Calls over 276.19 / Puts under 272.39
Panw - Calls over 499.95 / Puts under 492.51
Met - Calls over 65.29 / Puts under 64.38
Everyone have a great weekend! If you like what you read could you comment and show my blog to a friend please. That would be awesome!