By Hook or By Crook
Last week we just never stopped the “elevator-up” after the market pumped following TSLA and their terrible earnings. I am not sure if this can continue, or if it is just a big bull trip to fill the gap on SPY to 555 and then flush lower. We will just have to watch the charts.
This week is loaded to the max with earnings, and the data calendar is packed as well (at the end as always). It is going to be tough to swing weeklies with all the big names that can really sway the market overnight, but that is just my opinion.
Of course we have to pay attention to what the latest tweet or press conference gives us in the way of volatility. This is one of those times that I would consider looking at VIX calls a month or so out, given the track record since the start of 2025. Just an idea.
Stick to your levels and take profits as this market will continue to be a whipsaw of action. I have some unique and fun ideas that can make BIG moves inside of tonight’s stack. Let’s unwrap this thing and get set for tomorrow.
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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!
DECK
DECK 0.00%↑ daily consolidation is about as tight as it gets with that doji candle on Friday to close out the week. This thing is ready to break a trendline, you just have to watch which one and let it fly. Here’s my plan for this week.
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