FJ43 said:

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StrawberryFields said:

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FJ43 said:

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$TSLA maybe breaks out tmro, price alerts are set. https://t.co/XrVOi4KQHn

— Ripster (@ripster47) June 22, 2021

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When I look at the chart of TSLA, it looks like a break above 635.59 would be a valid breakout. Am I looking at this right?

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I think you're looking at it right. That's the high on 5/28 and would be a spot it would need to clear.

However I think I've it confirms the 50EMA or about $32s it should go. Trying to look on an iPad isn't the easiest the get super detailed.

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The infamous Sam has 636 as the breakout number for TSLA. I think you're spot on

Bosco said:

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0708aggie said:

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If it hits 100, I'm buying the new Porsche 911 Turbo S.

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This.


Have you seen the Singer re-imagined 911? Just pure perfection.

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Guy in our building has this exact GT3 RS with the weissach package and it's beautiful.

Double_Bagger said:

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FJ43 said:

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StrawberryFields said:

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FJ43 said:

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$TSLA maybe breaks out tmro, price alerts are set. https://t.co/XrVOi4KQHn

— Ripster (@ripster47) June 22, 2021

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When I look at the chart of TSLA, it looks like a break above 635.59 would be a valid breakout. Am I looking at this right?

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I think you're looking at it right. That's the high on 5/28 and would be a spot it would need to clear.

However I think I've it confirms the 50EMA or about $32s it should go. Trying to look on an iPad isn't the easiest the get super detailed.

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The infamous Sam has 636 as the breakout number for TSLA. I think you're spot on

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Fibonacci on the daily is 625.73. Above that it's got room to 732ish. Will be curious to see what level launches it.

Lavender Gooms said:

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Just coming here to post that. Volume has been pretty high the last few days! Still waiting on the break for my September calls...

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I tried to buy more Sept VEON calls this morning for $0.05 but mine didn't fill. I ended up bumping it up a bit and finally bought more for $0.07. I'm breaking rules here throwing good money after bad, but maybe I can still eek out a profit here.

$30,000 Millionaire said:

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I'll chart some stuff tonight.

I believe folks will want to see NVDA and MSFT. Anything else?

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ROKU

Would like to sell covered calls but don't want to do it too early. If it has more room to run, what would be the expected cooling off point?

khkman22 said:

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$30,000 Millionaire said:

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I'll chart some stuff tonight.

I believe folks will want to see NVDA and MSFT. Anything else?

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ROKU

Would like to sell covered calls but don't want to do it too early. If it has more room to run, what would be the expected cooling off point?

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$ROKU - this closed at +3 ATR. Ideally, today was probably the day. If this gaps up tomorrow, I would strongly consider selling covered calls, ideally August monthlies.

Doesn't mean it can't go higher from here, but if you are not in the move, I wouldn't chase here.

$PTON

This is in a squeeze, volume pretty low. Be careful about chasing here - it moved from mean to +2 ATR today on low volume with a killer move. It could go higher, but I'd personally be reluctant to enter here. Where I would enter would be +1 ATR which is $113 area or ideally $107 if it back tests. You want to see volume show up to sustain this type of move. I will personally enter tomorrow sub $113.

Note - it closed right at the 200 SMA. I bet it rejects, at least initially. If it clears the 200 SMA, hold on to your asses, it can go to $140. Make sure you give yourself the gift of time. If it gaps and goes, I will wait for a 200 SMA back test touch to enter long.

tailgatetimer10 said:

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They are continuing to gain market share. They're depleting inventory that's been on the books for a while. Overall this is going to make them significantly more profitable and able to continue taking away from Intel.

Intel was going to sell chips regardless.

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I should have been more clear. I'm definitely still long AMD and I agree they will continue taking market share. I only mentioned that I think they would have pressed their advantage faster if not for the materials and semis shortage.

$NFLX

Honestly, kind of similar setup to PTON, but less extreme of a move. This looks really good. You could enter here at +1 ATR, I would like to get a dip around $500. Volume starting to escalate, but not near the extreme volume of about 30 trading periods ago. This is in a squeeze, so this could consolidate a bit before it moves. Same thing on 200 SMA, except this rejected back to the 89

There is a bit gap to fill up to $540. Man, this one is exciting. I should have said this earlier, but you want to make sure the macros don't **** the bed. Remember that QQQ made an all time high today, so be default, many of the tech stocks will look great. Don't over trade and over risk! That said, if I wanted to hedge long, this is a good one. I would probably go for the gold on this one vs. doing put credit spreads.

Note: I'm still bearish leaning because I believe upside from here is limited and we haven't had a good quality sell-off in a while. A -1.3% day on OPEX didn't really count.

now chart bitcoin, lol. but yes I'm serious.

$30,000 Millionaire said:

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khkman22 said:

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$30,000 Millionaire said:

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I'll chart some stuff tonight.

I believe folks will want to see NVDA and MSFT. Anything else?

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ROKU

Would like to sell covered calls but don't want to do it too early. If it has more room to run, what would be the expected cooling off point?

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$ROKU - this closed at +3 ATR. Ideally, today was probably the day. If this gaps up tomorrow, I would strongly consider selling covered calls, ideally August monthlies.

Doesn't mean it can't go higher from here, but if you are not in the move, I wouldn't chase here.

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I thought about it today but didn't know where it was at for ATR. Didn't get a chance at lunch to ask where it stood there.

Not sure how to do ATR with Schwab's tool, although I saw someone mention a possible way with either TOS or Fidelity. I need to find that post again.

Debating ATM vs OTM and would prefer July vs August. If it has one more good run tomorrow and I am able, I may try for ATM July with the hopes any pullback will quickly kill the premium and then give me a chance to do it again for August.

$ASAN please

McInnis 03 said:

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$30,000 Millionaire said:

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cjo03 said:

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tam2002 said:

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What's everyone's prediction on WWR tomorrow? Steady climb up or we consolidating for awhile

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I like the run to $100, buy matching islands prediction.

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If WWR goes to $100, I'm buying a lambo.

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If you buy a lambo, we're coming out of hiding and you're taking us for a ride.

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If it hits $100 I will also buy a Lambo to race $30k around the lake. My last speeding ticket was there on Mockingbird almost 20 years ago.

$NVDA - I am in this like many of you. I sold 30% on the down draft and I reloaded today near the highs.

This is just really extended. It's touched +3 ATR twice this week. Yes, it can keep going higher, but I don't view this as high probability for taking a long. It's had action exactly like this before and it's sold off each time. Doesn't mean it will this time, but I don't see a reason to get out of this. If the freakish event happens and it goes to 800, I would probably 5X my put position. The worst case for us is that it just consolidates up here and lets the moving averages catch up. That's unlikely IMO.

what puts are the play for NVDA?

/BTC

It touched -3 ATR today and bounced. I entered on the spike down near -3 ATR at 28,800 (I had a limit buy order there). Bitcoin needs to get and stay above the 200 SMA if it is going to resume its uptrend. Right now, the trading play would be to buy low and sell at the mean (37,500 area) until it confirms it's resuming its uptrend. It could keep selling off, I doubt it though.

sts7049 said:

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what puts are the play for NVDA?

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7/16 645P

$VIAC nothing worth charting, it's in a consolidation period and volume is low. It has obviously bottomed, so this is not a terrible place to start accumulating. Premiums are probably going to be terrible, but the good thing about that is you can probably buy leaps for cheap. This is an acquisition candidate, which could move the stock. Lots of gaps above, I would be surprised to see a similar upside move. This stock is broken.

$FB - this looks great. Same comment on macros needing to cooperate. Enter near $334/$330.

$SAVA powerful rejection at $90, which will now be resistance. I have no idea what this will do here. If you enter, use caution with tight stops.

$FUBO - this hit $33 like I said it probably would. Clearly in an uptrend, may need to consolidate more before a stronger move up. Consider tight stop long entries at 30 and 27. Watch for volume. If you own shares, HODL.

WISH - cup and handle starting to set up, rejected from +2 ATR today, but volume remains elevated. HODL for short squeeze. Buy shares.

MBIO - I feel like this is going to be event or data driven moreso than chart driven. Chart pattern unremarkable, but has resumed up trend. All the MAs are within $0.10 of one another. Needs volume.

BBIG - this looks like it's going to launch. I'm not in this, unfortunately. If it comes back for an 8 EMA touch, enter.

$MSFT - last one for tonight, sorry if I missed any.

This rally looks a little long in the tooth. Ripster is thinking of this as 'buy high and sell higher'. I think this is either going to make a parabolic move up or mean revert, but the move will be big regardless. It would be expensive, but my play would be an ATM long straddle. If you play long, tight stop. If I weren't in NVDA, I would short this at $267.

$30,000 Millionaire said:

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$ASAN - I can't let our zoom call host's request go unanswered.

I think this needs to cool off. High probability short play IMO.

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I missed bad with ASAN calls when OA called it earlier this year. Seems like it started running right after my May calls expired. Was thinking about puts but it kind of just feels like a grudge.

50% trace from last low looks around $44. August $45p sound about right for trying to flip?

$30,000 Millionaire said:

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$ASAN - I can't let our zoom call host's request go unanswered.

I think this needs to cool off. High probability short play IMO.

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I'm HODLing some 8/20 65 Puts that are already up 38%. My target is 100% for first trim. I just can't see it continue without a pullback and consolidation.

But then again, most of my account money came from PLUG can't stop/won't stop to 70 so. It can happen.

Yes.

If I didn't have a 5% short position in SPX and a 1% short position in NVDA, I would also do this.

If you don't have any short positions, I'd consider this. Maybe OA can weigh in.

Plug looks like 2001 Nasdaq. Just saying

I have to do my day job tomorrow, all day, with "dignitary" events.

Maybe FJ will text me if the market tanks.

This is what I entered on Friday for that very reason.