7/9 My 2 Best Trades For the Week Ahead Offer 7% 1 Week Returns On Beaten Up Darlings.

Major inflection points on these 2 high quality names are near and we will attack.

Last week the put spread I recommended selling on META at 147/145 was never in risk, the market just trended up all week. I’ve posted 5 weekly trades so far, 4 have worked out well. Obviously I’d love to get every last one right but that’s just impossible. This week I have 2 setups that stand out to me on the bullish side. We have CPI and PPI prints this week so Im expecting a little chaos later this week. With that said, the QQQ did break out last week and for the time being that looks like a sector of strength. Overall though, the SPY does concern me as it looks to be trading in a bear flag on the daily as you can see below. The last 6 candles are green but you can see that until we break over 402 this is a pretty bearish setup and a break below 380 could flush us. I still won’t say we’ve hit a market bottom until we test the 200 weekly on the SPY which marked the bottom in 2015,2018, and 2020. At the moment that 200 weekly is at 356.66.

Let’s Discuss the 2 Bullish Setups I See And The Trades I Will Put On