The large caps are on the move this morning thanks to a favorable CPI number. Many of the names we were watching are finally breaking to the upside. META finally gets through $300 and is sprinting, $BABA looks like a slam dunk for the $100 roll trade, NVDA is tearing apart any short seller who bets against it, and $GOOGL looks to be just getting started.
I took some $GOOGL options this morning. Good luck trading all…
$RBLX is on the move this morning breaking some key levels on the charts. There is a nice volume pocket above that could suck this stock higher, closer to $60-$70. But, for now let’s enjoy the above average volume day, and fill the gap to the upside.
Long $RBLX 
LYFT is back at on scan this morning, and was on top of the watchlist coming into the week (see last post). $NIO also made it to scan this morning and i bought a bunch of calls based on the technicals. The $RIGbros are currently witnessing a massive breakout, that could just be getting started. And, $CVNA — GG to the short sellers.
Good luck trading today fells:
Going through my weekend scans this morning its clear to note that oil and gas names captured the momentum Friday. $SLB had a monster breakout as did many within the oil equipment and services industry. $EOG, a premier integrated, also looks poised to run here if oil continues it’s turn into hurricane season.
__
Other than the oil and gas, here are two names from scan I’ll be watching this week: $PDD & $LYFT. For those interested in the weekend momentum scan, it can be found HERE
Have a good weekend all!
Comments »
$BABA was early on scan this morning and has yet to leave the infamous Stocklabs scan. China in general is strong with $JD also on scan. Is China just getting starting here?
$JD is showing signs of a bottom and $BABA showing signs of a significant breakout. Just when you think we can’t go higher, China decides to join the party:
__
Other big movers today include: $SLB, $SQ, & $RIG. Good luck trading today fellas:
$META is on the move this morning, and is having one hell of a year. The stock is flashing non-stop on scan this morning as the new Thread app is rolling out tomorrow. Even with the crazy accent in stock price, META is still cheap on a valuation basis. Will Threads have what it takes to take share from Twitter? I guess it really is Zuckerberg vs Musk.
Here’s an early look at a few movers this morning…. $META looks like a slam dunk to 300+, and I also like what $GOOGL is doing– bought calls. Good luck trading today fellas….
