Olympic Sized Week Ahead
Simone Biles and the other Team USA gymnasts are incredible to watch. You should watch them, because this only happens once every 4 years. So enjoy them, because this week is nuttier than squirrel shit.
Welcome to the Olympics of earnings season. This week is the busiest of the earnings slate this quarter. AND THAT’S NOT ALL!! We have the FOMC rate decision and press conference with Daddy Powell as well this week on Wednesday.
Some of the names reporting this week include: MCD, PFE, SOFI, AMD, MSFT, SBUX, PINS, BA, MA, HUM, META, ARM, QCOM, MRNA, AMZN, INTC, COIN, and XOM. That is just a sampling! So you can expect a wild rollercoaster type week ahead.
But if you stick to the Stack you will have no problem navigating the week ahead. 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 BANK!
PENN
PENN 0.00%↑ weekly in this long term bull flag. The downtrend reversal continues to hold the TL (yellow), and if CZR comes in with good earnings on Tuesday this could get an extra boost for a breakout. Regardless, this held the retest nicely last week, and I am looking for it to retest the upside TL early this week. Here’s my plan.
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