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- Ace in the Hole - Edition #52
Happy Monday Traders!
I hope you all had an amazing weekend. By the title of this newsletter you can see we’ve made it to 52 weeks. 1 whole year of posting this newsletter every single week, never missing a Monday.
BIG shoutout to @WOLF_Financial for pushing me to start this!
Cheers to year 2 of Ace in the Hole!
Market Thoughts
This market is on a tear into the end of the year and hasn’t really cooled down much.
I’m not participating much into the end of the year in terms of swing trading options, but there is still opportunity. I’m just not willing to take the risk.
Obviously going into a new year has me a little cautious after going straight up, but things are staying strong and I will continue to follow price action accordingly.
I do think we are poised for a pullback or at least cooldown on the big names that have run all year and put more focus towards names that have just started running.
Short-Term Setups This Week:
1. $TSLA
$TSLA Weekly
I’m scanning for setups that speak to me for this week and I’m really struggling to find anything I like.
Telsa coming into $400 which I do think will be initial resistance, but I would watch for momentum to shift and blow through that level. If this happens I think we hit my level above of $402.67 and then if it gets above that I think we see all time highs and so on.
This is the only name going on the newsletter this morning because everything I see are all continuation of previous moves, I would keep an eye on $COIN if there is momentum as well.
Earnings Calendar
TAKE ADVANTAGE OF EARNINGS HUB FOR YOURSELF:
Economic Calendar
These data points are known to bring volatility during the intraday:
Monday 10:00 EST, Wholesale Inventories
Wednesday 8:30 EST, CPI
Thursday 8:30 EST, PPI
Thursday 8:30 EST, Initial Jobless Claims
Trending Sectors
Financials, Technology, and Consumer Discretionary were the most trending sectors last week.
Top trending tickers from last week:
$MSTR
$ACHR
$RKLB
$NVDA
$INTC
$TSLA
$SMCI
$PL
$COIN
$JOBY
Have A Great Week!
As always, enjoy the week and trade safe everybody.
Let’s make some $$!
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