Quick Morning Perspective

Quick Morning Perspective

Small caps continue to be the canary in the bird food store, eating its way to record highs.


Following has been the S&P500 and the Dow.   Lagging has been tech.   As this market continues to head unabated to the upside, we could see some rotation for a tech rally over the next few sessions.

Some beaten down names ready for a push to new record high remain $GOOGL and $AMZN.   $AAPL, once it shakes the negative headlines over its most recent IPhone, should have a nice set-up over the coming months.  But I think heading into next week, and the last quarter of the year $AMZN and $GOOGL will race back over $1,000.

$AMZN this weeks support is the line in the sand  ~$930

and $GOOGL

I remain in calls today and will look for $1,000 calls for next week in both names.

and of course NVDA.

I think NVDA is ready for that next leg over $200 in the coming weeks.

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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