Stock Market Graph

Search Results


What to Watch for the Week of August 2nd, 2021

Major US indices pulled back Friday, but not all that much. I believe we are almost at a tipping point for an after summer correction, which will pull down the market across the board, gearing up for a run into the holiday season.

Only one alert triggered today and that was an $ABNB put. After a poll I recently took on Twitter and in my Discord server, Airbnb was selected for the next big research project. (All research is free for my VIPs). After starting on this project, I believe that $ABNB is overvalued and doesn't have the sustainability that the current market price implies. Therefore, I've put in two put alerts. Go small.

A better positions that I would prefer is entering into a bigger put at the YTD VWAP. I have already set an alert for this stronger resistance, but there is no guarantee if and when it will reach it.


Become a VIP and Support What I Do

What You Get with a Yearly VIP Subscription

  1. Access to ALL of the in depth, professional research reports.

  2. Access to all Pro Stock webinars, usually 2-3 per month.

  3. Access to the Pro Stock VIP Discord real time Trading Alerts.

  4. Special Discord flair that will allow you access to unlimited chats with Pro Stock.

  5. 20% off on all 1-on-1 sessions.

  6. A copy of my book.

  7. Daily blog posts are always free.


Positions from Last Week

Ongoing (I will consider cutting if Monday starts off red; still plenty of time left on)

$COIN -0.2% (Shares)

$CAT -10% (Calls)

$LOGI -7.2% (Calls)


$ABNB +1.3% (Puts)


$TSLA +10% (Closed)

$EBON +29% (Closed)

$IRM +25% (Closed)

$TSLA +117% (Calls)

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!


New and Adjusted Alerts

$HOOD IPO'd last week and I will be waiting to enter at $10... (Just Kidding) I'm staying away from Robinhood for now.

After a great week with $TSLA calls, I've entered in another similar alert as the last two. If Tesla pulls back to the 50MA, I'll buy more calls. However, there is a chance that $TSLA keeps running next week therefore I am not interested in short term puts.

$MT is looking a little bit overbought, and even though I and many other analysts are bullish long term, I believe that this can be a good time to lock in some quick profits. Once it consolidates toward the 50MA, or even the YTD VWAP, we can re-enter with calls.

I'm really liking $CRM going into August. The 180MA is approaching a large volume shelf that indicates a lot of buying will happen there. More so, the YTD VWAP is lurking at those levels as well. Long term bullish on Salesforce, and August is historically one of the best months for the stock. October or November calls, look tempting around the $230 level.

$TSM, Taiwan Semiconductor, is, I believe, an undervalued company that has a fair price of around $130+. This is a great opportunity to pick up calls for November or EOY. September and October are some of the best months for TSM according to Trend Spider's Seasonality Chart. At current levels, the 50, 180, and a huge volume shelf are converging.

$AXP has had an amazing run this year August is one of the better months over the past decade. I believe consumer spending has and will increase and monthly calls or vertical spreads are perfect here.

$AAP, Advance Auto Parts, is still an interesting play for me. Everyone has probably heard by now that used car prices have gone up a lot. If we can get a consolidation around the 50MA, I think it is worth it to buy calls. However, I won't be waiting much longer for this one. I'll give it another week.

$VRT also had a good week, up from the 50MA. I'm waiting for a resistance bounce to enter some short term puts.

I'm still waiting for $X, US Steel, to pull back to the 180ma. As you can see last it just came off a 180ma bounce, but not quite low enough to hit my trigger. I'm a patient man and I'll wait again. This is a good play going into October and November, so we have some time to enter.

$AI is to overhyped, and puts at upper resistance will pay significantly in my opinion. I've reupped the time on this alert and will wait for a bounce to enter.

One of my favorite shorts is $EBON. Probably by now you know I have personal experience with this company. Sort them into the ground, please. This time the alert is set to trigger at the 50 MA and I'll go into a bigger position.

$ETSY is next and the interesting thing about this stock, since its IPO, it has never had a positive October. I will be keeping this in mind when I buy calls at support. September usually is a good month. Getting in and out of this one is most likely the key.


WeBull is giving away 4 FREE STOCKS if 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.


Remember the Webinar on FA is this Sunday at 9am EST.


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. 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.

314 views0 comments

Recent Posts

See All