Prime Playbook
May 9, 2024 Volume 38 "When Does The GameStop? Edition"
GME ON!
Well it was bound to happen eventually. GME went flying again, and now crayons are in short supply.
Chips seem lost at the moment, basically twiddling their hands in their pockets the past few days. Dumping, unloading, and then they pop right back up to do it again. It’s exhausting! Is their a silk road at the end of the week for tech? They could make for some great lottos tomorrow, so keep that in mind as you form your watchlists.
We do have consumer sentiment readings tomorrow morning before the onslaught of data coming up on the calendar. We have Daddy Powell talking on Tuesday, along with PPI & CPI to look forward to next week. So, let’s have some fun before they rain on the parade.
As always on LOTTO FRIDAY: See green, take green. Don’t let 200% turn to 60% on a pullback that scares you out of your position…sell in to strength!
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My Charts
Over Green line = Entry for Calls
Under Red line = Entry for Puts
Dotted Blue line = Price Targets
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!
GME
GME 0.00%↑ with the weekly breakout in progress. $18.50 is a BIG spot on the weekly and monthly time frames. A lot of eyes and volume on this one, so it can definitely move tomorrow if this is your flavor.
With GME there is always money on both sides pushing HARD, so for tomorrow this is the plan.
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