GravityTrades

GravityTrades

NYSE:NKE Watching to see if it holds this $114 level and 200sma on the daily which is at $113 Sold off due to FootLocket(FL) earnings which were terrible and NIKE IS NOT THE SAME COMPANY AS FOOTLOCKER! Saw bigger volume come in on Friday with buyers so want to see if that continue and if we can get back to $118 level. June and July Calls were loaded and are...

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watching for PINS to break over $28.00 and hold. Has a low volume node to fill towards the upside. Very similar setup to TWTR.

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$IWM here doesn't look that bad for a channel bounce. It has been stuck in this range for a long time now and once again seems to be on the bottom of that sideways channel. I like it as a long down here and your stops are close if we break and close under the channel.

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ULTA could be a decent long for a bounce off the 200MA as it has respected it a number of times.

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$AGNC looking like its getting ready to run here. SL: Close under $16.60 Just entered 08/13/2021 $17 Calls for $0.26 each. Chart looks nice, earnings coming up, and stop level close by.

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LUMN respecting the trend its been on and I am getting long here. Stops below the trendline if we close and don't hold above it. With earnings coming August 11th and it still being a solid dividend payer I think we see this bounce back higher prior to the dividend date and then a sell off after people get paid. I'm personally buying shares and the 08/20/2021...

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CVS chart showing a really interesting setup. We have 2 possible scenarios to take into consideration. 1. CVS continues to push higher and breaks out of this resistance. Break and close above $77.20 would be confirmation of the breakout. We saw it break over $77.20 today but failed to hold and sold off. If it can hold above and show strength we may see CVS make...

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$C has been getting beat down like all the other banks have over the last week or two and I think its time they bounce. Chart shows a decent support around $67.67 and we have Fed Bank Stress Test Results coming up on JUNE 24th which would allow for banks to increase / reintroduce dividends and also start stock buybacks again if they are cleared. I think this...

GravityTrades Updated 

ATVI starting to look ready to run higher again. After selling off it has now fell back to its uptrend and its 200MA which has been held multiple times in the past. Look for it to consolidate around the 200MA and then bounce higher and run into earnings. AUG 5 Earnings will take place.

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SBUX looks to be continuing to respect the upwards trend that is has been on since March of 2020. Once again we are seeing it bounce off its trendline and move higher. With earnings season also approaching I think we can see SBUX bounce and continue to climb higher. I like this LONG WITH TIME ON CONTRACTS!

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EXPE starting to get real tights on the daily and setting up to breakout. I think its worth a watch towards the upside as a re-opening trade. If it breaks out towards the upside I don't see a reason why it won't test highs and possibly continue running. IF it breaks lower I see it fall back down towards $153 level. July 16th or later Call options is what I...

GravityTrades Updated 

NNDM LONG NNDM starting to look very nice for a move higher. Just entered a nice demand zone with 200sma close and 5.98 support. Scale in slowly and keep a tight stop under $5.98. OPTIONS BUY TIME AND CLOSE TO THE MONEY OR IN THE MONEY SHARES SPREAD OUT YOUR BUYS. DOLLAR COST AVERAGE IN! It wouldn't surprise me if we see NNDM consolidate for some time...

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CLDR CLDR finally appears to be moving higher again. They recently partnered up with NVIDIA which is a good thing. We have the 200ma and Support nearby. GREAT LONG SETUP OVER 13.20 Ideally we want a break and hold above 13.20 on the daily chart to bring more confidence in the gap fill back up. IF IT DOESN'T BREAK AND HOLD ABOVE 13.20 THIS PLAY WILL BE...

GravityTrades Updated 

ZNGA looks like its getting ready to make a move $9.77 support + 200MA support there as well which should be a strong area for it to hold. Earnings coming up on August 4th may see it start to run-up in anticipation to earnings. Personally looking at August 20th $11 calls for 0.39 since it covers earnings and has time on it. ZNGA is a slow mover so give it...

GravityTrades Updated 

NKE holding above $130 still and earnings are just around the corner on June 24th I personally like NKE as long as it continues to hold $130 support. Earnings coming up and may see a nice pop prior to the report. More on the RISKY side of trades for me since we have seen market weakness recently and it may force NKE down as well but I think its worth a shot...

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JWN IS STARTING TO LOOK LIKE A BUY HERE! SUPPORT RIGHT BELOW AT $35.03 AND A NICE BOTTOM WICK BOUNCING OFF ON FRIDAY. SETTING UP NICELY TO BOUNCE AS LONG AS THE MARKETS CONTINUE HEADING UPWARDS AND CAN ALSO GET A NICE BOOST AS A RE-OPENING TRADE. IF IT FAILS TO HOLD SUPPORT OF $35.03 I THINK IT FALLS INTO A DEMAND ZONE AND MAY TRADE SIDEWAYS SOME...

GravityTrades Updated 

WMT has been consolidating on the 200MA and right at support. Looking for it to hold and bounce back higher. Already have a small starter in this play and own WMT shares from a few weeks back but I think this is a good chance to go long and have tight stops under the 200MA which is the orange line.

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CSCO looks to be setting up a nice bull flag to go long. Set a base and has been trading sideways for some time. A breakout could send this to Mid 50s in my opinion short term. RSI has been chilling out as well which is a good sign. Not a bad idea to start a small position now and scale in on confirmation of a breakout. You can have tight stops under $51 for...