Great day for the markets today as indices across the board finished green with small caps leading the way. One alert fired in the Discord server and we are already making headway! Make sure you join the Discord to stay up to date on the latest trades.
For investors, all eyes on Friday will be fixed on the Labor Department's July jobs report. The print is expected to show a whopping 865,000 jobs came back last month as the unemployment rate fell to the lowest level since March 2020.
Become a VIP and Support What I Do
What You Get with a Yearly VIP Subscription
Access to ALL of the in depth, professional research reports.
Access to all Pro Stock webinars, usually 2-3 per month.
Access to the Pro Stock VIP Discord real time Trading Alerts.
Special Discord flair that will allow you access to unlimited chats with Pro Stock.
20% off on all 1-on-1 sessions.
A copy of my book.
Daily blog posts are always free.
Positions this Week
$LOGI 0% (Calls) -doubled down.
$BTI +15% (Calls; Leaps)
$MA +5.5% (Calls)
$TSM +3.6% (Calls)
$AXP +6.75% (Calls)
$ETSY -10% (Calls) - Got hammered yesterday, but getting positioned now could have upside.
$ABNB -60% (Puts) -Closed as ABNB is making a move toward my upper resistance. Will reevaluate at a later date.
Make sure to join our Discord community.
Become a Pro Stock VIP to get real time alerts sent out in Discord.
25% OFF Trend Spider - I would like to thank Trend Spider for the awesome charting tools. It is one of the best technical analysis tools out there. Everything is automated for you if you are not so good at TA or don't have the time for it. Highly recommended to check them out. TRENDSPIDER. Use code PS25 for 25% off!
$AXP triggered today after a nice bounce followed by upward price movement from its long term support. Even though I believe this is an excellent entry, I will continue to be diligent as American Express tends to underperform in the next few months. This is a monthly call, so tread carefully and don't forget to take profits.
Similarly to AXP, ETSY bounced off of its support after gaping down almost 10%. I like long term calls here as in the past five years, ETSY has been up 100% of the time in September. It is time to start accumulating calls at support. Even though ETSY bounce off of the support already, it is still down 10%.
My poor ABNB calls died in the slaughter house that is the NYSE. I had always had two levels of resistance, but decided to take a chance at the 50MA. Turns out ABNB decided to blow through it. I believe that it is making a move toward the YTD VWAP. At least, I'll be trying puts again at that level. After a lot of research, I believe ABNB's competition will increase and increase when the big tech boys come to play in the OTA industry.
WeBull is giving away 4 FREE STOCKS up to $2300if you sign up and deposit your first $100. That could be a 40% ROI+ on your money and it is totally free to do so. I highly recommend WeBull as a broker as they have all you need for basic technical analysis, news feed, analysts, price targets, financials, etc. Check them out by using my link to help support all of my free content that I put out daily.
New & Adjusted Alerts
My F alert didn't fire as today was the day it expired. I think this one we can manually enter. It bounced perfectly off the lower paralell line. It has been in this tight trend since right after Covid-19 lows. I like monthly calls here, as I don't want a longer term position because the seasonality on Trend Spider shows the worst months for Ford is coming up.
I set an alert to trigger at the 50MA for NVDA. I would buy some puts at the upper resistance and ride them down, however who is actually brave enough to do that? Basically all analysts are a 'buy', and seasonality shows September is 100% over the past half a decade. Obviously, NVDA has been on a tear lately, but I'd feel more comfortable buying calls than buying puts right now. We could get some downward selling pressure like we did last month, and if it reaches the 50MA, it is a good enough time to take a smallish position.
Do you wan to diversify your portfolio through Bitcoin mining? We have a new mining facility starting in the U.S., and currently it is open for investors to join the project. Click to Learn More.
Disclaimer: The comments opinions and analysis expressed herein are for informational and educational purpose only and should not be considered as individual advice or recommendations. Prostockadvice.com is not responsible or liable in any way for opinions expressed here. This is not meant to be financial advice as we are not a licensed financial advisor.