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Showing posts from January, 2021

Week of 02/01/2021

  Welcome back everyone. Hope you had a good weekend. Another week where approximately 580 companies will be reporting earnings. Lot of related stocks would also move based on these earnings. I was hoping for a red open tomorrow and futures started off that way but have turned green. However, quite a few charts need little more time. At least another day or 2 down days would setup lot of stocks nicely for a bounce. I am not listing those below but will be monitoring them.   Below are stocks that look good to me for Up move.   DIS Feb 05, 2021 170c Good chart setup and with earnings next week, a move to at least 175 this week seems very likely. MTCH Feb 05, 2021 145c Nice chart setup and with earnings, this could easily go beyond 150 this week. PAYC Feb 19, 2021 450c This is a carry over from last week. I still like the chart on t

Review Week 01/25/2021 - 01/29/2021

  What a wild week we had. With the short attack and amazing run by some of the most heavily shorted stocks causing big funds to potentially liquidate tech and growth stocks that had run nicely caused a pretty decent pullback in the market. However, even with this volatility, we had a good week for most of the positions posted last week.   Position Entry Exit G/L % Comment ADBE Jan 29, 2021 480c 325 500 54 Got a good entry on Monday when this was around 468. It went onto to almost 477 but seemed like lot of resistance so I got out. AMD Jan 29, 2021 95c 325 550 69 Gapped higher on Monday so needed to be patient. Got a good entry when it dipped under 93 little later in the day. When these calls went ITM, I got out as I was not planning to hold post earnings. AAPL Jan 29, 2021 145c 200

Week of 01/25/2021

  Welcome back everyone. Hope you had a good weekend. We have a very earnings heavy week so lot of moves would be driven by them. Even though there are many good chart setups, earnings can change that very quickly.   Below are stocks that look good to me for Up move.   ADBE Jan 29, 2021 480c Good chart setup and a move to 486 seems very likely this week. AMD Jan 29, 2021 95c Nice chart setup and with earnings, this could easily go beyond 100 this week. AAPL Jan 29, 2021 145c Chart setup nicely and with earnings, I think this could go to 150. COST Jan 29, 2021 365c Like chart setup. A move to 371 seems likely this week. FUBO Jan 29, 2021 40c Chart setup very nicely. A break above 40.6 and we could see this reach 50 quickly. NET

Review Week 01/19/2021 - 01/22/2021

  I cannot believe I am saying this but even though this was a shorter week, it was better than last one. What a start to the year!!! Every week has been better than previous one. Hopefully trend continues.   We did have 3 losers this week but the winners far outgained the losers even if one might have taken 100% loss on those. With even just 1 contract for each position, this week would have been 5 figure profit .   Position Entry Exit G/L % Comment AMZN Jan 22, 2021 3200c 700 16000 2200 This was surely the best one of the lot this week. Got a very good entry when the stock was around 3100 on Tuesday. BABA Jan 22, 2021 250c 300 2100 600 Gave a nice entry when this was 248 on Tuesday. CRM Jan 29, 2021 220c 250 1000 300 Tuesday morning dip was great aroun