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- Time to look at GME again? đ
Time to look at GME again? đ
This chart says âYESâ...
I hope you are having a great Memorial Day weekend. I am back in NH, enjoying one more summer with the family, and it is beautiful.
As I am prepping for the week ahead, I have to say⊠there are a lot of bullish charts out there right now (I have shared 3 of them below).
Until I see much more weakness from some of the leading stocks, I have to think things will keep going higher. đ
So get ready for an awesome week!
Tomorrow is a big day for me, as I am getting ready to release two brand-new ideas.
The first is my weekly âBullseye Tradeâ idea, which I share with my members before the market opens each week.
This is my highest-conviction option trade for the coming week⊠and I am always looking to crush it!
Last week, I made over $4700 on that trade idea.
I am really good at this, but of course trading is very hard, and some weeks I lose as well.
That being said, I hope to do even better this week, so make sure you look out for that email tomorrow morning.
By the way, if you are still not a Bullseye Trades member, I have a $100 discount available right now (but it will be gone very soon) if you want to join today.
The other new trade idea I have is a small stock that trades around $6, aiming to reverse the aging process.
Itâs obviously a very bold initiative, and this an extremely interesting stock that I am pretty sure you have never seen before.
This stock had an IPO a few months ago, and I think it is setting up exceptionally well right now.
Iâll share all the details on that with you in the morning in a separate email you should look out for.
Of course, if you want to get first access to it, you can just hit this link at exactly 9am EST tomorrow when I will post all of the information for everyone.
When it comes to large-cap stocks, one of the more interesting setups I am currently watching is AMZN.
While the tech sector has been back in ârally mode,â AMZN had a few good days after its earnings report last month but has been slowly fading since then as you can see in the chart below...
Notice that while AMZN has declined, it is now simply back to the area it started before earnings.
I think it will find a support level there and use it for a new launch higher soon.
If thatâs the case, some of my options strategies are going to crush it. Keep an eye on this one.
The next one I want you to pay attention to is TAN, which is basically a basket of solar stocks.
The market looked like it had given up on solar stocks for a long time, but if you look at the chart below, youâll notice that this sector has been really heating up again over the last few weeks.
If this rally continues, this sector has a lot of room to âcatch upâ to the broad market. Look at some of the larger individual stocks in this ETF for possible ideas on how to capitalize on this trend.
An easy way to do that is to look at the âtop 10 holdingsâ for this (or any ETF). Here is a link on Yahoo, if you want to check it out.
Finally, I think the âApesâ might be back for another round. đŠ
After the massive 400% rally that GME had a few weeks ago, it has faded and given back nearly all of those gains.
But, I have been watching this one closely for a re-entry, and look at what I noticed late in the day on Friday last weekâŠ
Yes, that is a golden âGamma Triggerâ signal, and it could be the start of a fresh move higher.
GME is a very volatile stock, of course, and when it moves⊠it can move blazingly fast.
Make sure you are keeping an eye on this one as we start the week.
As I said, there are a lot of very bullish charts to watch right now, but these 3 are a great place for you to start researching as you head into tomorrowâs trading.
Remember, I have two hot new ideas that Iâll be dropping tomorrow morning as well:
đŻ My brand-new Bullseye Trade idea will be coming tomorrow before the market opens. You can secure your $100 discount right here.
â My top small-cap trade idea for the week will be released at 9am EST (bookmark this link to get first access to it).
Remember, there are only FOUR trading days this coming week, so letâs make the most of them!
Enjoy the rest of your holiday, and Iâll be back first thing in the morning!
P.S. If you have any questions about upgrading to Bullseye Trades or get special access to all of my premium services, just contact Davis Martin for questions: 1-800-585-4488 or [email protected].
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