We closed up the week over the 8 week remaining in the 17 month uptrend we’ve been in where that 21 ema(light blue) has not been violated on a closing basis. While we look alright for now, there are a lot of concerning things going with the tariffs, the weakness in megacap tech, and inflation seemingly ramping again. This coming week has no real material earnings as those have mostly passed and we await our next sets of economic data including CPI this week.
The best idea for this week is one where the charts are aligning with bullish option flow to set up a potentially explosive trade on a very popular growth name. I have a trade in mind where you can get paid to target massive upside and set yourself up to go long shares far lower if they don’t work. Best of all, because the trade is for a credit you win either way. Either you buy shares significantly lower than they sit today or you’re going to make money.
Keep reading with a 7-day free trial
Subscribe to The Running Of The Bulltards to keep reading this post and get 7 days of free access to the full post archives.