Some Ideas for the Coming Week

Some Ideas for the Coming Week

With $AZO earnings coming, I think a positive report could help  spur further price recovery in $AAP.

The DEC $105 monthly at $1.00 would work well on a recovery to $107-$100 over the next two weeks, if AAP breaks positively out of the recent flag pattern.

$INTC looks to head higher again:

Next weeks $46 calls at $.20 offer a nice risk/reward on a break out of the consolidating channel.

While I think $MU and $NVDA will continue higher and see new record highs, both may digest last weeks move lower before posting solid gains again.  I'll wait for momentum to turn north on both names.

and finally bonds, namely the 20 year treasury ETF $TLT:

I think a visit to the neckline at $122 has a  high probability of occurring.  I will be looking for $124 for next weeks expiration.  They closed at $.24 on Friday.

And we have a host of earnings report this week to watch....

See you in the chat room.


Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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