Weekly Stock Report

Welcome back everyone. Hope you had a great weekend.   While last week lot of stocks broke down, we had a great week. Many stocks are at a point where they might bounce but I feel like the bounce will be sold off as I do see some more downside. Futures are up right now so be careful trying to chase this bounce.   Below are stocks that look good to me for UP move.   ANET Mar 19, 2021 300c Played this to the downside last week. It seems to have reached a good point for an entry. A bounce back to 293 should happen soon. Getting into monthly calls due to volatility. ETSY Mar 05, 2021 240c Great jump due to very good earnings on Friday and a follow through to 239.5 seems very likely this week. Infact, if it breaks that with volume, then this could run a lot more. MU Mar 05, 2021 95c Chart looks strong and it is about to go into breakout territory. I think 100 is very likely this we

Welcome back everyone! Another amazing week in the books. This was special considering how much some of the stocks fell and the heightened volatility.   Position Entry Exit G/L % Comment AAPL Feb 26, 2021 130c 75 50 33 Gapped up big on Monday so needed to be patient with this. I got in on Tuesday and it did look strong towards the end of Tuesday. So I decided to hold but got stopped out on Wednesday. HOME Mar 19, 2021 30c 100 Got this on Monday around 25. It went down with the general market next few days but was strong on Friday. I think this needs some more time so still holding it. OKTA Feb 26, 2021 300c 130 0 100 Gapped up on Monday so waited for a pullback. Got in on Tuesday and it showed some signs of life later but never recovered and continued to slide with rest of the ma

Welcome back everyone. Hope you had a great weekend.   Last week was a tough one. I still do not see lot of good setups. Hence the watchlist is little short for this week. There are some good setups that will most likely emerge for next week if market does go down this week.   Below are stocks that look good to me for UP move.   AAPL Feb 26, 2021 130c Seems oversold, chart about to start turning up. A gap down should give good entry but be sure to take quick profits. HOME Mar 19, 2021 30c Very close to a breakout and chart looks pretty solid. Keep an eye out for 28.61, if it cannot break that with volume, then it would be a failed breakout. OKTA Feb 26, 2021 300c Chart looks strong and a pre-earnings runup most likely to happen this week. If 293 breaks with volume, then 300 will come in a hurry. SNAP Feb 26, 2021 70c Another good looking chart. A br

Welcome back everyone! First week in a while with a few losers. In terms of absolute money, it was still nicely green week though. As I had mentioned, lot of stocks were over extended and technology stocks pulled back this week taking down many others. There was rotation into financial and few others. There were 2 big winners in SPOT and QS to more than compensate for the losers though.   Position Entry Exit G/L % Comment AMD Feb 26, 2021 95c 140 80 43 Gapped up on Tuesday so waited a bit. Eventually got it but never saw the highs of the day. I was stopped out of this for a loss. AMGN Feb 19, 2021 240c 50 0 100 Got this on Tuesday and it ran nicely on Wednesday to cross 235. However, it could not go much further. Since these were cheap, I didn’t have a stop and let it ride to 0. BIIB Feb 26, 2021 295c

  Welcome back everyone. Hope you had a great long weekend.   Last couple weeks have been really good and lot of stocks have moved considerably. While lot of growth stocks seem to be near over bought territory, there are still many good setups. I think there will be some rotation for next couple of weeks. Another important thing to remember is we have a short trading week so weekly option premiums will drain more quickly. Size your short term trade accordingly.   Below are stocks that look good to me for UP move.   AMD Feb 26, 2021 95c Chart looks strong and a move to 98 seems likely by this week. AMGN Feb 19, 2021 240c Very oversold and a high likelihood for a move back to 245 this week. BIIB Feb 26, 2021 295c Good looking chart and a move to 288 seems likely this week. LAZR Feb 19, 2021 40c This has very good setup and a move to 39.9 i