Pumpkin Spice & Yoga Pants
A tradition unlike any other. No, I’m not talking about The Masters golf tournament. I’m talking about the fall ritual that is about to explode in your face: a brigade of UGG boots, LULU yoga pants, and Starbucks Pumpkin Spice Latte. Burberry scarf can be added if you want to be extra basic, just be sure to post it on every social media platform every day of Fall…
Speaking of other people who LOVE attention, Daddy Powell came through last week with the big hatchet and the market went flying. There are numerous pitfalls in the road ahead, including the fact that housing supply is still low, and the trade off for the rate cut is to keep unemployment rate high. The market will also have to try to navigate the path ahead, and as we have seen for years now, Powell says one thing and does another all the time.
This week will bring an interesting litmus test as we are inundated with data all week long. I will be watching to see the market reaction to GDP, PCE, and jobless claims among other things (calendars at the end as usual). We have a slew of FED speakers this week, highlighted by Powell himself at 9:20 on Thursday morning.
This week also begins the final quarter of the calendar year. What names will make a push in to 2025? Will the market hold the gains of last week? These are things to keep in mind as we end Summer and watch the leaves start to drop.
The stack is loaded as usual for the week ahead, and we have been KILLING it lately. SO MANY BAGS!! No reason for our train to stop with the charts and trade ideas packed inside. So just be aware of the data that will be non stop this week, buy time when you can, set your alerts, and 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!
DELL
DELL 0.00%↑ daily bullflag setup is one of my favorite setups heading in to the week. Last week saw a breakout of the trendline and the daily close Friday retested that breakout. If the retest holds here, those gaps above are nice targets. Failure to hold the retest can send this thing tumbling. Here is my plan for this ticker:
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