Prime Playbook

August 15, 2024 Volume 66 "Get Your Kicks Edition"

Highway to the Danger Zone

Well we are back in to “rippy” mode, but is the Fed going to play along? We have seen this act repeatedly this year. The market gets excited, starts betting on a rate cut, and then Powell or some other blabbermouth Fed shuts that down real quick and down the poop shoot we go.

I don’t know the endgame, but the MM’s get an Olympic Gold Medal for their masterful display of fuckery over the last few weeks. Don’t worry, Lotto Friday Stack is always here to guide the way through whatever ‘Danger Zone’ we might be headed to.

Last week’s Friday edition was an absolute banger. DO NOT SLEEP on the Bonus Picks. This is where some of the BIGGEST winners come from.

Let’s get to it.

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My Charts

Over Green line = Entry for Calls

Under Red line = Entry for Puts

Dotted Blue line = Price Targets

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 get paid!

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CELH

CELH 0.00%↑ weekly falling wedge. This thing needs some Red Bull and some wings pronto! The time is ripe for a reversal from the massive selloff. A breakout here tomorrow could be an absolute ripper. Here’s what I’m watching.