For The Record, Stuffing is GROSS!
Think about it…you stuff bread and celery and whatever else up a raw turkey’s butthole and cook it and eat it! ALWAYS has been a big hard NO for me. I’m in to another kind of stuffing…
Stuffing your pockets with big wins and lots of cash. Sounds a whole lot better than Butt Bread Cubes to me. So with it being Thanksgiving this Thursday, the market is operating on an abbreviated schedule this week, but they LOADED it with data.
They threw in the FOMC minutes this Tuesday, and we have GDP and PCE amongst a slew of data on Wednesday, just to make people all worried before diving for the wishbone. Speaking of Turkey Day, a friendly reminder:
The market will be closed on Thursday and will close at 1 p.m. EST on Friday.
This will be very important to consider, and I would essentially treat this week as if we only have 3 days to trade. Yes Friday you may find something, but Theta on swings will be a killer on weeklies.
No worries, as I have all types of setups, charts, and Bonus Pick ideas inside so we can still fill up our plates and cover everything in gravy, but you can keep the cranberry all for your self!
Earnings and Economic calendars at the end as always. No more gobbling, let’s get to the show!
NO STACK ON THANKSGIVING
As we are closed on Thursday and only have a half day on Friday I do not currently plan on publishing a Stack for Friday.
I may put out some contracts I’m looking at, kind of like the Bonus Pick$ if I see anything, but mostly take the time to watch football, eat food, shop, and yeah, spend time with the family.
We will be back to regular schedule after the holiday.
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My Charts
Over Green line = Entry for Calls
Under Red line = Entry for Puts
Dotted Blue line = Price Targets
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!
LAZR
LAZR 0.00%↑ weekly falling wedge to all time lows. This is strictly a chart play based on the very simple idea that new all time lows tend to see some kind of bounce. This based out for a long time before doing the pop to the top trendline and now we are sitting at this lower trendline. Do we hold and bounce? That’s what I’m watching, here’s the plan.
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