PennyBois

PennyBois

AMEX:SPY Last week's AMEX:SPY $595 Put 3/10 ran for 66% from $480 up to $1,420. The last two weeks, the market has suffered a controlled pullback. So far it has been cautious selling rather than outright panic. While fear has entered the market, it has yet to reach capitulation, where there would be significantly more potential downside. The key level to...

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NASDAQ:NVDA Nvidia needs to absolutely dominate the market with both earnings and guidance. Last time they beat by 10% and sold off. Right now is a very difficult time in the market. Many tech companies are beating earnings, then selling off. Shay expects Nvidia to report strong earnings, however, he sees Nvidia having a pullback quarter but the timing is...

PennyBois

The AMEX:SPY is at a crossroads as we close out February. We’ve had hotter-than expected inflation, talks of tariffs, promises of deregulation, China’s stimulus rollout, and Wall Street’s continuing “soft landing” narrative. This is a time to be cautious. Friday’s PCE inflation data could sway the Fed’s March rate decision. Midterm elections and tax cut debates...

PennyBois

Our top analyst Shay Boloor (@StockSavvyShay) is adamant that Snowflake will be rerated in 2025 with a price target of $300 (called out live on Fox Business). Their NRR is at 127%, meaning existing customers will spend 27% more YoY. For Snowflake to grow 27% within the next year, all they need to do is nothing. They can afford to sit. Data consumption models...

PennyBois

We have been range bound the last three weeks. Sellers are starting to exhaust buyers more quickly than before. We are leaning bearish but confirmation is king. We use 15-30 minute candle closes for confirmation and stop-loss. Should there be a significant pullback, $580 and $560 are major floors of support. Here are our bull and bear options for this week: ...

PennyBois

AMEX:SPY Weekly Options 2/4/2025 We are still trading in the same range as last week from $591 to $605. This week we will trade this same range using 15 to 30 minute candle closes for confirmation and stop-loss. $605 Call 2/18 or 2/21 Entry: Breakout over $600, buy off retest Targets🎯: $603, $605, $608 $595 Put 2/18 or 2/21 Entry: Breakdown under...

PennyBois

NYSE:PL Breakout Trade Targeting Reversion to the Golden Mean (61.8% Fibonacci Retracement) Entry: Over $5.15 Targets🎯: $7, $8

PennyBois

AMEX:SPY Fear and panic has spread in the market, but buyers ate it up by end of day (1/27). There is a gap from December 18th up to $603-$606. $603.44 is the key pivot for bulls and $591.54 for the bears. For our weekly options trades, we use 15 or 30 minute candle closes for confirmation and stop-loss. $603 CALL 2/11 Entry: Breakout/Hold Over...

PennyBois

AMEX:SPY This week we are focusing on the range of $585 to $607.90 with our confirmation level at $599.44. We are using 15-30 minute candles closes for both confirmations and stop-losses. Best of luck! Ranges: $585.81-$599.44-$607.90 $606 CALL 2/14 Entry: 15 minute close OVER $599.44 (Buy off retest) Targets: $606, $607.90 $589 PUT 2/14 Entry: 15-minute...

PennyBois

AMEX:SPY Our range is $570 to $589 with our entry pivot at $580. For these options, we use 15-30 minute candle CLOSES for confirmation and stop-loss. 📜 $585 CALL 1/27 Entry: Confirmation over $580 Target🎯: $584, $585, $589, $595 📜 $570 PUT 1/27 Entry: Confirmation below $580 Target🎯: $575, $570

PennyBois Updated 

AMEX:SPY Last week, our $585 PUT 1/13 was a killer, producing two daytrades that ran for 50% and 132%! Here is what we are watching for this week: We have reclaimed bullish trend and expect consolidation within this range from $584.59 to $607.45. Last two weeks have been low volume and profit taking. We are using this bullish trendline for confirmation using...

PennyBois

NASDAQ:CELH Celsius is going through a "drastic narrative issue" due to comments made by the CEO about a $120 million drop in sales. The issue is related to Pepsi orders, not overall sales. Pepsi had been overloading on Celsius inventory over the past year and is now trying to work through that excess inventory. Celsius' actual consumer demand has increased 10%...

PennyBois

NASDAQ:TSLA $440 is our critical price point from here. Ideally, we test trend at $386, where we will gain support to trade past $440 up to $500. Autonomy and FSD alone puts Tesla at $300. Robotics is not even part of the equation yet. The $7,500 EV tax credit is set to be removed by Trump, so as that approaches, we might see pull forward demand on the EV side...

PennyBois

Above $69, $108 is our next target. There is room for an entry over $69, but we want to see it come down and consolidate first. Palantir will be the industry leader for the next decade. We can see investors are still putting money in as Palantir’s stock is holding up strongly during every market pullback. Shay and Quench have already taken some profit but still...

PennyBois

AMEX:SPY We see the indices having a tough January. Long-term trend is still intact. The 10-year yield is a benchmark for bulls/bears. It needs to be down to 4% (currently 4.5%). If it hits 5%, the pullback will intensify. There is a high floor of support on pullbacks, notably the 50SMA ($580) and 200SMA ($550). We are not thinking bear market. We are...

PennyBois

AMEX:SPY AMEX:SPY Trend continuation is still bullish long-term. We are using this bottom white trendline as a key pivot for these options and the larger move up or down. With these trades, we use 15-30 minutes candle CLOSES above or below support for confirmation $610 CALL 1/6 Entry: Add at support tests off trendline Targets: $600, $604.25, $607,...

PennyBois

AMEX:SPY Short-term we are looking at a downside trade as we want RSI to cool off a bit. Key levels at $607 and our key pivot of $604.25 last week. 📜 $604 Put 12/31 Entry: Rejection and 15-min close UNDER $607, entry off retest of resistance 🎯 Targets: $604.25, $603.37 📜 $608 Call 12/31 Entry: Breakout and 15 min close OVER $607, entry off retest of...

PennyBois Updated 

We are back after another banger week for SPY options. Last week's $605 Call 12/9 ran for 31.4%. This is how we are prepared for both sides! 📜 $604 CALL 12/16 Entry: Retest of $603.37 and 15-min close OVER Target: $604, $605 Stop-loss: 15-min close UNDER $603.37 📜 $600 PUT 12/16 Entry: Breakdown and 15-min close UNDER $603.37 Target: $601.25,...