Prime Playbook

August 29, 2024 Volume 69 "Turd Ferguson Edition"

NVDA = Turd Ferguson

Today was NOT what NVDA had planned for. After crushing numbers yet again, the market was ambivalent, and NVDA was a big old dud. It will be interesting to see if this rebounds tomorrow, although I have many other names that I am watching instead of that one.

We have PCE numbers in the morning, and that usually moves the market to some degree. As always though, you just stick to the Stack and bank.

Set the levels and alerts. Pay attention to the BBW 0.00%↑ bonus pick, I think that might be a nice one with time.

No more blabbering, let’s do this thing!

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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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DG

DG 0.00%↑ monthly falling wedge. This thing took an absolute cliff dive today off of earnings, dropping over 30% on the day. It also happened to drop to this monthly trendline, so my eyes are WIDE open looking at this chart. Here is my game plan for tomorrow.