Indexes:
SPX: We have not had parameters to aggressively reduce portfolios. Probably for this week we won’t reduce them. We had the best parameters for a rally on $QQQ today. We added $QQQ calls 12/04 … $291 strike … @ $3.85 , Sold some for 4.6.
Stocks Summary:
$LYFT: Once one of our top holdings. We have no parameters to add. It is not clear enough for now to start a trade/repurchase for LYFT.
$TSLA: 596 target for TSLA has been validated as secure. Hitting the target this week depends on TSLA holding 524/513, max support lines. We have had parameters to overweight TSLA and we have proceeded in that way. Immediate resistance is 550.
$NFLX: We have more than enough parameters to consider 700 as a valid target for NFLX within the next three months.
$ZM: We consider 571 as a valid (conservative) target for ZM.
$GOOGL: We have over weighted GOOGL according to our long term target at 2183.
$XPEV: New hot stock, XPEV, has the best parameters to hit 100. Important supports at 60 and 52.
$NVTA; We have parameters to consistently buy the pullbacks on NVTA. Impulsive support is at 46, technically while 46 holds, standard target should be 57 with resistance at 61. We have willingness to add more to this stock on retraces.
$SNAP: We have no parameters to sell SNAP, contrary to that approximation, we have parameters to overweight the stock which we have done. Next extensions are at 48 and 54. Support at 39.35.
$SE: We have not a clear parameter to define targets on Sea Limited (SE), impulsive support is now at 166.92.
$PLUG: Support should be 23.72 we have a small position on PLUG. Secure target should be 32.
$SQ: Support should be 196, we stopped out at 205 this morning. We reduced our leverage on the name and we now only hold 100 shares with stops at 195.90.
$FEYE: We have no parameters to add to FEYE at this price, support lines are at 13.56 and 12.37. We are watching those lines to add this name.
$NKLA: We stopped out on the name this morning at 35, we will look for reentry levels that allow us to sell at 40.51. Our pragmatic target on NKLA is 63.
$GE: Stops for GE should be at 10.4, we have parameters to sell GE and we do not think it is wise to go for 11.31. At least from here.
$BYND: Not best parameters to overweight BYND, if impulsive needs to hold 134. Below 134 is important BYND can hold 129 to gain probabilities for further long term upside. Our long term confirmed target on BYND is 327. BYND is a core position.
$AMD: We consider AMD to be one of the best stocks to accumulate for doubling or tripling during the next 12 months, sizable pullbacks are buyable too.
$TTD: We have had the best parameters to rotate from ASML to TTD.
$IWM: We have not had parameters to add to IWM, contrary to adding we underweighted IWM and rotated capital to XPEV.
$UPS: We had the best parameters to add to UPS, support should be 157, resistance at 186 and standard target at 215, we added back UPS today.
$SHOP: A pragmatic stock to add, support at 877, resistance at 1096, standard extension to 1315.
$AVAV: We had parameters to add to AVAV with stops at 79. Holding above 79 makes a case for 100.85 and 116.99.
$SEDG: One of our strongest stocks, stock is strong enough to make 373 a probable target for this name. Stops should be set at 243.
These are some highlights on what we have in the Managed Account portfolio, in which we providing charts, entries, setups targets stops, and other insightful notes. if you would like to have more insight and reports on the Managed Account (traded actively) please contact Seeking Options Team – RQLAB via [email protected] subject line “Managed Account” Check us in chat room – Platinum Service $150 Monthly.
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