Can Of Whoop Ass
That’s what could be on the menu this week with: FOMC & Powell, OPEX week, and of course the never ending orange mouthpiece and the tariff carousel. I don’t see the “luck of the Irish” bringing many lucky charms on St. Patty’s Day tomorrow.
For the second week in a row the market dropped and dropped more, only to see a Friday “recovery”, that basically toes the line of correction without plunging headfirst in to that territory. I think that line could be breached very quickly this week when the tweets start from Donny.
We did see a noticeable drop in VIX on Friday. I am very interested in VIX calls if we drop under 20 (even better under 18!), but we will trade what the market gives us. I have a lot of fresh ideas and charts in today’s Stack as always, just remember to be taking profits and scaling in and out quickly in the current environment.
One housekeeping note: If you use Gmail, I have noticed that at times recently the Stack has been put in the “Promotions” tab instead of your regular inbox. PLEASE make sure you check there if you ever don’t see the stack in your “Primary” tab.
Let’s get to the good stuff, and don’t forget the calendars are at the end as always!
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My Charts
Over Green line = Entry for Calls
Under Red line = Entry for Puts
Dotted or Solid Blue line = Price Targets
Purple line = Dark Pool
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!
AAPL
AAPL 0.00%↑ daily bull flag with the Friday bounce from this strong demand area. Seemed to be a bit under the radar with it’s $30+ drop last week. I do not think this is as strong of a brand as fan boys make it out to be. They do not innovate. They do not create new products. They recycle the iPhone every year with a “new” camera and that’s about it. Would not be surprised to see this under $200 very soon. Here’s my plan for this week.
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