Hello Traders & Investors,
Scroll down to see the stocks we have on watch this week
Happy Thanksgiving Week! We’re back to another Weekly Market Brief & Watch List
The SPY caught a nice gap up last week and we could be seeing more to come! With Black Friday and the Santa Rally on deck to finish out the year, we could see a lot more action to come.
While things have slowed down a bit regarding earnings and economic reports, we will be keeping a close eye out for any reports that could potentially affect the market such as earnings from ZM, BBY, BIDU, NVDA & HPQ all scheduled to report this week.
Reminder: The market will be closed on Thursday 11/23 in observance of the Thanksgiving Holiday. We are thankful for all of you for being Members and Followers of Pure Power Picks. To show how thankful we are, we are offering our largest discount of up to 50% off for the life of your subscription! With the market heating up, there is no better time than right now to sign up! Whether you’re new to Pure Power Picks or a current member looking to upgrade, we have a deal for you!
Check out the subscription options below!
30% off Monthly
40% off Quarterly
50% off Yearly
Trading Room Subscriptions
30% off Monthly
40% off Quarterly
50% off Yearly
Recent Winners Tracking
M…88% from 11/7
CRM…130% from 11/3
MARA…37% from 11/2
AAPL…455% from 10/30
GOOG…303% from 10/24
*Max gain potential on options alerted so far/before expiration
🚨 Start a FREE Alerts Membership Trial!
(3 to 5 options alerts sent weekly)
Weekly Learning Focus
Risk management is extremely crucial for long term trading success. 💯 Here’s a few of our favorite do’s and don’ts to help improve or reaffirm your risk management skills. 👍
On the second image you will see some really helpful tips that can help improve your risk management as a trader.
🏁 Have a goal and stick to it!
🛑 Take advantage of limit & stop orders!
😅 Keep your emotions in check when trading!
📊 Don’t put all of your eggs in one basket!
Does learning a winning foundation for your trading interest you? You should consider our Trading Course for Beginners that we built into our Trading Room on Discord.
The course is designed for beginners or new traders looking to build a solid foundation for their trading and investor career. We took an A-Z approach in covering the critical aspects all traders will encounter in their journey.
We are now offering a 7 day trial to our Premium Trading Room for just $5! If you’ve been wanting to try out all of the Premium channels in our Trading Room, there’s no better time than right now!
S&P 500 ETF (Ticker: SPY) – Daily Chart
Opened last week at: $439.23
Hit a weekly high of: $451.42 on Fri 11/10
Hit a weekly low of: $438.42 on Mon 11/9
Closed the week at: $450.79
The SPY saw a decent sized gap up on Tuesday of last week which resulted in a test and hold over the $450 psych level to finish out the week. If the Spy continues to gain ground over the $450 level we could be in store for more gaps to the upside and a possible test of all time highs just shy of $480.
However, if the SPY fails to hold the $450 level we could see a slide back to recent lows. Look for support at the $440 level if the gap starts to back fill.
Charts Provided By: Finviz
Weekly Stocks to Watch
Here’s some of the stocks we have on watch for the beginning of the week…
As always, we’ll be heavily focused on our news feeds & scanners for prime opportunities throughout the week.
Datadog Inc (Ticker: DDOG) – Daily Chart
Nice bullish action here lately, rising over $110 this past week, before closing right under $110. We are looking at $113 – $115 range as short term resistance. If this level cannot break and hold, look for a move back to test $100 – $98 price zone. If $115 level does break and hold, look for a move to +$117 where there’s even stronger resistance. A breakout over $120 could spark a larger bullish rally.
Lemonade Inc. (Ticker: LMND) – Daily Chart
Good looking bullflag forming this November. Also, the short interest here is +30%. Look for support at $15 – $14 range. These areas could be great buy opportunities to catch a run to the upside of $18. If $18 becomes support, look for a potential move to $20 – $24. If support under $14 doesn’t hold, look for short side targets of $13 – $12 – $11. We will be looking for LMND to pop up on our Shorts Feelin’ the Pain scans in the Trading Room.
Peloton Interactive Inc. (Ticker: PTON) – Daily Chart
This price action disaster might actually have some bullishness into the end of the year. The important level we are looking at is $5.50. If PTON does not hold this price, we don’t want to be long. However, there’s room to a $7 target for longs. The $7 level should show resistance.
Micron Technology Inc. (Ticker: MU) – Weekly Chart
This semiconductor name has been on a nice run as of late. There’s a good chance that MU makes another leg up (if the market continues to be bullish.) So we want to keep our eyes on this one. We are looking at $73.50 – $76 to be support. Look for potential buy opportunities in that zone for a possible move over $80 – $82.50 – $86 price targets in the coming days – weeks.
Ready For An Alerts Membership?
We offer a 100% completely FREE 7 Day Trial, so you literally pay nothing to try out our service for a week. Receive 3-5 trade alerts THIS WEEK.
If you decide that we aren’t the right fit for your type of trading, you can easily cancel your membership any time before the 7 days is up, and you won’t be charged.
The Trial even INCLUDES our SMS/Text Alerts, which most of our members choose to opt into.
*Interested in becoming an Affiliate? Join the Pure Power Picks Affiliate Program! Sign up now to become an affiliate marketer and earn money on every successful sign up you send our way! Click the button below to sign up now!
Like the charts we use? Now you can use them on your mobile device with an app, browser, or desktop. This is the best charting available on the market right now for the average trader. Learn more about TradingView in our review here!