Who Needs A Popsicle?
Markets ripping like they’re high off fumes, no real catalyst, just pure heat. Melt-up mode engaged: aka no pullbacks, no logic, just indexes defying gravity while internals rot underneath. You can smell the top, but it’s not here yet. Might not even matter.
Outside? People out here dropping from the sun. 100+ degrees, power grids twitching, and A/C units are crapping out left and right. Meanwhile, D.C.’s a psych ward, and nobody’s got a damn clue who’s actually running anything anymore.
So yeah, everything’s melting. Stocks, brains, asphalt, institutions. It’s all coming apart or levitating for no reason, and we’re trading right through the middle of it.
Tonight’s stack is loaded. Sunday’s setups have been feeding us all week, and if you played it right, you’ve already eaten heavy. Now we do it all over again tomorrow, because tomorrow’s Lotto Friday, and the goal is simple: ride this market like it owes us something and light the tape up.
Let’s get surgical.
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My Charts
Over Green line = Entry for Calls
Under Red line = Entry for Puts
Dash/Dot Blue line = Price Targets
Orange Dash/Dot line = POC (Point Of Control)
Purple line = Dark Pool
Blue Boxes = Demand Zones
Red Boxes = Supply Zones
Price targets are not the same as option strikes.
Price targets are where I believe the chart can/will go.
The strikes I suggest are what I think provide the best risk/reward to make money.
Let’s BANK!
V
V 0.00%↑ 4 hour consolidating wedge formation. This has consolidated over the past few weeks and is reaching an inflection point. We will watch the trendline for a breakout or breakdown, and that’s literally all you have to do on this chart tomorrow. Here’s the plan.
Calls over $347.25
350c & 352.5c on my radar for calls
Puts under $345.00
342.5p & 340p on watch to the downside
TEM
TEM 0.00%↑ 4 hour bull flag formation. Moving slightly higher after close thus far in to the overnight hours. We will look to break today’s HOD (high of day) to enter calls, and a breakdown of the $68 level for puts.
Calls over $69.25
70c & 71c on watch
PRIME STYLE: 72c
Puts under $68.00
67p & 66p on watch here
GOOGL
GOOGL 0.00%↑ 4 hour trendline breakout. Holding the retest in after hours. Another easy setup for calls over today’s high of day, or a flush below the trendline will have puts on the menu. Here’s the setup.
Calls over $173.75
175c & 177.5c on watch here
PRIME STYLE: 7/3 182.5c
Puts under $172.75
172.5p & 170p on watch
PRIME STYLE: 7/3 165p
ENPH
ENPH 0.00%↑ daily bull flag. If you are active in chat you know this can be a big mover. A trendline breakout could send this towards $47 tomorrow so if that happens, hold a few runners.
If I don’t look at it right away I forget. I gotta get back into a system. I’ve been slacking lately.