Yesterday’s selloff has caused SPY to drop back down to $500 again. There is support building up at this $500 support level headed into today’s FOMC announcement. Powell’s speech will be very important for influencing the market sentiment. This is important because investors are confused and worried about the direction of the U.S. and global economies.
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I think HOLO has one of the best setups in the market with such a high ROI in a relatively short time frame. These strong rallies occur within a matter of a few weeks. I plan to continue to DCA into HOLO under $2 over the next few weeks until it takes off. HOLO is […]
Read MoreThe meme stock rally got stopped twice this week, both times by AMC and GME diluting their investors. I spoke with the TrendSpider team about the meme stock rally, and we have some similar ideas. We both think that the meme stock rally hasn’t finished yet, but call options traders are getting wrecked first. The […]
Read MoreThe IWM is trending for a bullish weekly candle close in the red resistance zone. IWM still needs to break through a $210.44 resistance level to start rallying, but there was some nice progress made throughout the week. With a successful breakout I have the white zone as a key price target over the next […]
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I think HOLO has one of the best setups in the market with such a high ROI in a relatively short time frame. These strong rallies occur within a matter of a few weeks. I plan to continue to DCA into HOLO under $2 over the next few weeks until it takes off. HOLO is […]
Read MoreThe meme stock rally got stopped twice this week, both times by AMC and GME diluting their investors. I spoke with the TrendSpider team about the meme stock rally, and we have some similar ideas. We both think that the meme stock rally hasn’t finished yet, but call options traders are getting wrecked first. The […]
Read MoreThe IWM is trending for a bullish weekly candle close in the red resistance zone. IWM still needs to break through a $210.44 resistance level to start rallying, but there was some nice progress made throughout the week. With a successful breakout I have the white zone as a key price target over the next […]
Read More