Is SPCE heading to Space?
I want to buy the rumor, sell the news in SPCE. This is a speculative play, where I’m betting on high short interest and news to send this ticker skyrocketing into October. Here is how I am trading it in the options market.
I want to buy the rumor, sell the news in SPCE. This is a speculative play, where I’m betting on high short interest and news to send this ticker skyrocketing into October. Here is how I am trading it in the options market.
The Nasdaq managed to breach the 50 SMA, which could potentially lead to more upside. I specifically like the semiconductors and cloud stocks, and I see setups in NVDA, AMD, CRM, AVGO, QCOM, and more. Let’s talk about the levels and how I’m trading them.
When I see XLE and XLF strong, I know there is money being shuffled around, and the timing is right. But the bigger question is, as we see a surge off an oversold floor: What are the upside “overbought” targets?
Before tomorrow’s session, let’s review the process and levels for the morning session so we can prepare for gaps, directional bias, and VScore levels.
Semiconductors are heating up, and I’m eyeing buys in SMH, NVDA, and AVGO. Let’s look at the setups along with trade parameters.
After about two weeks of back and forth trade, we now have squeezes all over the place. Let’s look at NFLX, TDOC, NVDA, ADBE, SE, PTON, and more.
Here’s where I see the current oversold bounce moving higher to.
I scan the markets for directional bias and what to keep an eye on for next week.