Every morning this week, I got the same question: when do we short, where do we short?
My answer is simple. I don’t.
The S&P hasn’t come close to testing its daily 21 EMA since the ceasefire news, and until it starts closing under that line, I have no reason to fight the tape.
No puts, no bearish setups. I’m just buying good charts over and over, same as I did all of May.
Most of what I want are earnings winners.
A company crushes its report, gaps up, consolidates for a few weeks while a squeeze builds underneath it, then continues higher into the next leg. When that squeeze fires, the move comes fast.
Four charts lined up this week, and I’m spoiled for choice.
The Concert Giant I’m Buying More Of Tomorrow: An entertainment name sitting at all-time highs with a weekly squeeze that hasn’t even fired yet. Bottom-left, upper-right chart, clean earnings beat, A-plus squeezes across every timeframe. I’m already in and adding Tuesday.
The Defensive Energy Play: A gas name that won’t light your hair on fire but pays consistently. Daily squeeze, solid earnings reaction, momentum shifting back up. My buy alert is sitting at a specific level and I’m getting long the second it tags.
The $25 Chart I Couldn’t Pass Up: This one’s not an earnings winner, just a gorgeous chart with squeezes stacked all over it. It’s one of the quantum names, and I don’t trust them long term, but I’m not investing for 30 years here. I’m making a trade, and if it clears the high of the move I think it runs another 15%.
My Favorite Chart on the Planet: A 195-minute squeeze I’ve been trading on the way up and still love. This is the bonus, and it’s the one I keep coming back to week after week.
I walk through all four in this week’s video watchlist, with the levels I’m watching, the strikes and expirations I’m using, and where I’m getting long on each one. These are bigger charts, so I’m giving them longer-dated options and room to breathe.
Watch: This Week’s Watchlist Video
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