The Week Ahead
Volume 22
Good afternoon from the sunny UK (not sarcastic, there’s actually sun).
I hope you all are having a nice weekend.
What a week in all areas! Rest in Peace Her Majesty Queen Elizabeth II, she had an extraordinary reign and was a dignified leader.
The pain trade (short bonds/STIRs long US dollars) flipped mid week and in turn the S&P had a strong reversal ~10 pts off the 3873 support I gave. My gut instinct of bull was correct, 4020 eventually broke after plowing through 3967 and in turn we saw 4067. If you are confused, take a look at last weeks post - I opened it up for Free Subscribers to see.
Weekly performance for the stocks given last week:
AMD 0.00%↑ +6.5%
NVDA 0.00%↑ +5.4%
ON 0.00%↑ +6.16%
IEF 0.00%↑ -0.83%
IEP 0.00%↑ +0.35%
AFRM 0.00%↑ +16.93%
UPST 0.00%↑ +12.92%
DOCN 0.00%↑ +14.76%
CRSP 0.00%↑ +5.05%
SPOT 0.00%↑ +5.61%
BAC 0.00%↑ +4.52%
Performance on ideas given this week via Twitter Circle for paid Substack subscribers:
ARKK 0.00%↑ @ 40.17 -> 44.60 +11%
FSR 0.00%↑ @ 8.15 -> 8.60 +5.52%
DOCN 0.00%↑ @ 38.76 -> 44.08 +13.73%
SPOT 0.00%↑ @ 103.12 -> 110.28 +6.94%
SOFI 0.00%↑ @ 5.60 -> 6.33 +13.03%
PATH 0.00%↑ @ 13 -> 14.64 +12.62%
ASAN 0.00%↑ @ 18.4 -> 24.66 +34%
SPY 0.00%↑ 395C 09/09 2.4 -> 11.60 +383.33
SPY 0.00%↑ 402C 09/09 @ 0.69 -> 4.60 +566.66%
(Did options based on settlement figure - they did go higher)
Enough blowing my own trumpet, thanks to the Substack subscribers who told me about Twitter Circle. As great as it is, you can only have 150 people in the circle - which we are close to now. Will come up with another solution in the near future.
This is where we branch off and I dive into the week ahead……