There’s a perfect recipe for a short squeeze setting up in this solar powered ticker, in addition to multiple potential catalysts. Let’s talk about how I’m trading SPWR. Also, if you want to learn more, join me for my stock picking and options mastery class on Saturday, Oct 24th.
Between the failed stimulus, upcoming election and earnings and squeezes forming on the indexes, the market barely moved, except to pullback. We didn’t get our famed run into earnings, but what we are getting are squeezes all over the place, which are going to break out, and soon. Let’s look at PTON, MSFT, TDOC, LVGO, YETI, ORCL, ADBe, HD, WMT, NKE, UPS, NET, and many more.
Here’s what is outperforming the YM and NQ and what I have on my radar for Monday.
The science of watchlist building is as important as ever, as the broader markets are experiencing a VWAP vice grip.
The markets look ugly here, but this is why I’m not shorting for now.
Directional Bias is the cornerstone to my use of Dow Theory trends which I have used for 30-years. However, in small windows, such as the one that the broader averages are in now, the edge is in being a nimble two-way trader.
In this update, I walk through the details of when I will be a two-way trader and using options in this environment. Also, be sure to check out the link I sent to members, including all my session notes.
In this video, we discuss the crazy swings we have been having in the market and what is causing them. We talk about the levels to watch for as well as the political and earnings events coming soon to be aware of, and how to prepare for them.
