Original Alert went out on December 27, 2021.

From a technical point of view, the TTM Squeeze has been setting up for almost a week now, with the price trending slowly higher against rising moving averages.

I would like to see the bulls continue to hold control of the stock against the 100 and 200 hourly moving average while using the 13/30 hourly moving averages as momentum to the upside.

NUE is an industry-leading steel producer and I love the chart right now.  This sector has had so much bad news thrown at it over the last few months and yet NUE is flirting with a breakout higher. 

Original Alert went out on December 20, 2021.

From a technical outlook, I see buyers stepping in near the $325 level similar to early December where they made the prior pivot low. 

If they can, there is a lot of room to the upside for a run back towards the 100 and 200 hourly moving averages, with the pivot high near $375 as a possible distant target for bulls looking to hold on for the ride.

I do expect things to be volatile, so I want to give this trade ample room to trade.  I plan to stop out if this breaks the “panic low” we saw on Thursday last week, around $310.

On the upside, I think SNOW could rally back into the $350’s or higher before the end of the year.  I don’t want to chase this trade right out of the gate on Monday, I do think we will get a dip into the mid-$320’s by Tuesday and that’s where I want to get started.

ANET is one of the few stocks I have found in the tech sector that has been able to withstand the onslaught of selling recently.

But ANET has not closed higher than the breakout level, so I’m not so sure we are going to get the explosive upside that I want out of this trade.

Why did I want to get into this trade in the first place?

The stock had a great earnings report, has pulled back to a support level and is now gaining momentum higher.  If this continues, I think ANET could rise to near $140 in the next couple of weeks on the upside.

If the stock slips, I will keep $125 as my stop on it (not $120!) , which is the recent support level based on daily charts.   

How I’m Planning TO Trade ANET:

DE Deere Inc.  (DE)

Original Alert went out on December 07, 2021.

And right now the stock that stands out to me the most is DE. DE has been fighting the trend lately and while it is down somewhat, it is holding in a great trend.  I also like the “squeeze” indicator setting up on this. 

If the market can calm down for a couple of days (which I think it will) then DE could start to squeeze into the $360’s or higher.  $340 has been the recent low in the range, so if that breaks I plan to use it as my stop loss.  That is also the area I would look to sell a put spread.

This Bullseye traded higher a day after the Bullseye alert. The fact that the stock traded higher but time decay and less than optimal movement showed a small loss for this trade.

Original Alert went out on November 29, 2021.

FUBO is making a bounce off of the $20 level as buyers attempt to rally against the 13/30 hourly moving average.  As a buyer, I would look to use the recent pivot level and these two moving averages as potential stops on the trade as I look for a move to the upside.

Original Alert went out on November 21, 2021.

Datadog Inc. (DDOG) is a bright spot in the tech sector right now. After strong earnings, the stock has held up well and consolidated around the $190 area for 2 weeks now. I think it is just a matter of time before it eclipses the $200 level. 

My bet is that DDOG has a quick move up above $200 this coming week, or it will begin to break down.  I want to keep a couple of stops on this trade.  The first will be a break below $184, where I plan to stop out of half of my trade.  

The reason is that this is just below the recent 2-week consolidation I just mentioned above.  The next stop would be under $180, which I think would signal a breakdown in the trend.  

Now, there could be some quick spikes down and right back up, so I will be cautious of being “whipsawed” and forced out of the trade at the bottom.

Original Alert went out on November 15, 2021.

All the bad news in the world has been thrown at it, and yet here AMC stands right around $40.  It hasn’t broken down into the single digits as so many “smart” investors have been hoping for. The short interest is high and the stock is finding strong support in the upper $30 range for the last 2 months.

As I get ready to trade this, I think AMC will likely pull back to around $38 as a test.  I would love to get an entry there.  From there, my stop will be a break below the $35 level (closing below there, not just touching it). 

If I am right however, I think a move near $48 or higher could happen soon.  

Call it a “wedge” or “coil” pattern, this stock looks like it is ready to break the hearts of those who have been betting against it, once again.

QQQ dropped decisively right out of the gate just after the alert was sent and showed almost triple digit returns in the first couple of days.

Original Alert went out on November 8, 2021.
This is a rare week that I really don’t like anything in the market for a fresh long trade. The markets are very extended to the upside right now and I feel that we are going to see a pullback soon now that a majority of earnings reports are behind us.

There has been a huge front loading run up into what most traders (including myself) are hoping will be the “Santa Rally”. With the QQQ up nearly 15% from the lows of just a month ago, you have to ask yourself how much more room does this rally have before it at least digests some of the gains?

Maybe none. Perhaps the raging bull market continues higher, but there are a lot of flashing signals to me that we are close to a short-term top in the market. That being said, I think it makes sense to try to capitalize from a dip if it happens this week. One of the best ways I like to do this is by simply buying QQQ puts.

I will keep a pretty tight stop on this trade. If QQQ breaks above $402, then I will exit for a loss. Otherwise, I think QQQ can drop $10-20 in the next week to the $390 and even $380 ranges. I will plan to exit if the QQQ nears the $390 level soon.

Roblox Corporation didn’t run up right away. The Alert went out and then a week later it made its anticipated move from $80 dollars a share to a high of $140. By the week of expiration, theoretical values are listed above.

Original Alert went out on November 2, 2021.

This week I have my eyes on Roblox Corporation (RBLX) as my Bullseye Pick of the Week. Riding the wave the markets are making, I think RBLX has a ton of room to the upside if the bulls are seriously here to take control.

Ready to learn more about my Bullseye Pick of the Week?

This Bullseye trade of the week was CHWY. The stock took off after the alert was issued and ran up to a high of almost $80 dollars a share before retracing.

Original Alert went out on October 25, 2021.

CHWY is starting to find a base above the low-$60 support level that it has been building for a few weeks now. I might be a little bit early, but I think this is a good time to start to build a position.

Additionally, there is a Bull Flag pattern that is forming and if there is a breakout to the upside the measured move suggests there is a bit of room for the stock to run before the bulls take out profits.

This target level also correlates with a prior support level which could become future resistance for the bulls, suggesting that the bears will be waiting to jump back in at those price levels.

So, why am I doing this?

I think CHWY is going to be a strong stock into the end of the year as funds begin to “bargain shop” for overlooked ideas that have room to run.