Weekly Recap NOV 24, 2024

Do you have your “stretchy pants” ready for this Thursday? If your not in America this coming Thursday is Thanksgiving, the one of year your allowed to eat until you fall asleep…. The markets will be closed on Thursday, and are expected to be pretty slow for the week. I however wouldn’t be surprised if we do see some trading action on Monday and Tuesday however. Momentum, the markets like to keep the momentum.

Momentum is something that we can really see in the Heat Maps this week
One that will stick out is TSLA. We all know it was the election results that gave it such a huge boost but it needs to be respected for it’s 5 year chart. How do you spell “Booooolish” ???
Yes the price action has been a little wider at times but the fact that price has mostly remained in the box shouldn’t be overlooked. Price is up at Resistance now, continue north or fall back in the box? If it breaks north the new trend could be strong, It’s going to take some Volume like it had 5 years ago for extra strength

COST is busy busting north this week
We are looking at adding with any continued strength
We have many different Options plays on it and have shared all of the here at theoptionscoach.net over the past few weeks
Do you know that on a 20 year chart this thing is up almost 3,000%
Cost sells toilet paper and giant rotisserie chickens, sales, sales, sales

Tonight I am doing something different
With the big T-Day Holiday this week I want to see what the market offers us in the morning prior to listing any potential trades

The Options Coach

DISCLAIMER: All content provided in this newsletter, blog, webinar, video, chart, communication is for Educational and Entertainment purposes only. Nothing included or mentioned is meant to be construed or used as trading / investment / financial advice. Trading / investing carries risk of loss, losses can and do occur. NO recording aloud...Know your risk and risk of loss before taking on any financial endeavors. Past performance is NOT a 

guarantee of future success. I am NOT a licensed or registered financial advisor or tax accountant. Prior to making any trading / investing /  financial decisions you should always consult with your licensed and registered financial advisor and tax accountant. There are no recommendations or solicitations  to buy, sell or hold any stock, future, options or bonds, cryptocurrency or any other financial entity in this newsletter. Nor are there any recommendations on any type or way or method to trade / invest. You do not have permission to redistribute this newsletter without my written permission first. 

#stocks #stocktrading #stockinvesting #options #optionstrading #stockmarket #optionsinvesting #SPY #S+P #NASDAQ #QQQ #RUSSELL2000 #RUT #IWM #NVDA #AMZN #MSFT #GOOG #TSLA #AAPL #META #HD #HomeDepot #AGM #IJR #WM #creditspreads #debitspreads #LongCal