Prime Playbook

July 25, 2024 Volume 60 "Royal Flush Edition"

Cleanup in Aisle 8

Monday was so nice, and then TSLA, V, GOOGL, and the rest of the gang had to tank earnings on Tuesday, and we have been flushed down the royal toilet bowl this week.

We have PCE data tomorrow morning, so that could roil the markets even more if it comes in hot. We still have a gap to fill below on SPX/SPY, so will that be in play? Or will the market rebound and push back up to close out the week?

Just play the Stack and you’ll be set no matter which way it goes. There are a lot of opportunities tomorrow after the week we have had, including a super cheap AAPL idea in the Bonus Picks section this week.

Let’s get rolling.

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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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AVGO

AVGO 0.00%↑ daily falling wedge also boucing off the daily trendline. This can run and the cons will be cheap tomorrow, so this is at the top of my watchlist with that big FVG above. Here’s my plan for tomorrow.