Prime Playbook

October 3, 2024 Volume 79 "Back To Work Edition"

Wide World of Nonsense

Well, the half-week long dock worker strike is temporarily over. The sides agreed to continue working under the current contract and negotiate with a new deadline of January 15th. That might send some things higher tomorrow, with fears of inventory running out at least temporarily relieved.

China has been on it’s own planet this week, blasting higher and higher nearly every day while the rest of the market is mostly blood red. Vix has been an absolute roller coaster, and it was just a short week ago that cons were about half price of what you are seeing now.

Time’s change fast. Middle East is in turmoil, with widening conflict and missile volleys happening daily now. Tomorrow morning brings the NFP report, which is something to take note of prior to open.

Aside from that, there are many setups out there, and this issue is LOADED with Bonus Lottos to make sure everyone banks hard tomorrow.

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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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QCOM

QCOM 0.00%↑ 4 hour consolidating wedge getting very tight here. If we see more interest in tech tomorrow outside of just NVDA and AMD this is a name to definitely set an alert on. Here is my plan.