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- Ace in the Hole - Edition #46
Happy Monday Traders!
I hope it was a great weekend for everyone and I hope you got some relaxation in because it’s going to be a MASSIVE week in the market.
5 of the 7 biggest companies in the world report earnings this week as well as some notable economic data coming out towards the end of the week.
Let’s dive in!
Market Thoughts
A red week for the market, pulling back 0.95% while Tesla went crazy to the upside on earnings gaining over 20% in 1 day!
Tesla has been a ticker I've mentioned over and over on this newsletter for a long-term pick. Tesla is actually really starting to get some traction now and I think 2025 is going to be a big year.
As for the market, hard to be bearish when everything has pointed to the skies for so long now. I do think this market could get very volatile and wild with the earnings this week.
With that said, I probably won’t be playing a ton of options and will be waiting for opportunities after the fact.
These times can be very tough for a new trader, so please be careful this week!
Short-Term Setups This Week:
1. $COIN
$COIN Weekly
Coinbase has been doing very well lately and got a constructive weekly pullback.
I’m looking to see the low from last week hold and $COIN continue higher or at least chop and hold that weekly low.
Would like to also see this monthly candle close out strong, but I think there is much more opportunity here.
2. $GOOGL
$GOOGL Daily
Google has been consolidating in this range for a while and has earnings coming up this week.
I’m long over the weekend into this week and will be de-risking before earnings, but if earnings is good, I see a big move happening from this consolidation.
Calls are looking good this morning, but again with earnings coming up that can all change.
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Long-Term Setups This Week:
1. $UNH
$UNH Weekly
$UNH is interesting, I’d want it much lower for a real long-term investment.
But to be honest, I don’t do if this is going way lower anytime soon.
I like this dip to previous all time highs to potentially start a long-term position, it’s just tough because I generally am looking at stock that are down more.
I’m keeping this one on my radar because I do like this dip.
Earnings Calendar
Take advantage of Earnings Hub and get all of your earnings information.
Listen to Earnings Calls LIVE!
Miss an Earnings Call? DON’T WORRY! You can listen to the recorded call later or get the AI Summary of the call that gets created for you from the platform directly.
Economic Calendar
These data points are known to bring volatility during the intraday:
Tuesday 10:00 EST, JOLTS Job Openings
Tuesday 10:00 EST, CB Consumer Confidence
Wednesday 8:30 EST, GDP
Thursday 8:30 EST, PCE
Thursday 8:30 EST, Initial Jobless Claims
Friday 8:30 EST, Unemployment Rate
Friday 8:30 EST, Non-Farm Payrolls
Trending Sectors
Information Technology, Communication Services, and Real Estate were at the top of the list for trending sectors this past week.
Top trending tickers from last week:
$TSLA
$NVDA
$BA
$MCD
$DJT
$SBUX
$MSFT
$VRT
$NIO
$QCOM
Have A Great Week!
As always, enjoy the week and trade safe everybody.
Let’s make some $$!
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