DailyPlay – Opening Trade (GM) – April 26, 2024
GM Bullish Opening Trade Signal Investment Rationale The...
Read MoreAfter reviewing our Technical, Fundamental, and Liquidity Scans, we do not have any new positions that we are looking to establish as of today. We are watching a few symbols such as HD, DELL, and U for potential entries over the next few trading sessions.
Bullish Debit Spread. Boeing continues to consolidate but stays within a trading range. Our trade is structured to profit from a potential breakout above this range towards its $240 gap fill. We are still waiting for the breakout and will monitor this position closely.
Bullish Calls. A new trade established yesterday as an attempt to call a bottom in Newmont. The stock rallied significantly yesterday, putting our calls up around 20% so far. If this rally continues for a couple of more sessions, we will look to add further exposure and ride this rally up into the low $40’s.
Bullish Debit Spread. We added another 2 contracts to our NOC trade as this trade was performing well as price has broken above the $450 level. It is one of our strategies to add more exposure to winning trades, as we did with NOC.
Bullish Debit Spread. Our ORCL trade is up by another few percentage points this week, with the next major resistance level is at $120. This trade was essentially a free debit spread as we had rolled up and out from the previous ORCL trade.
Long-term play on the S&P Equal Weighted Index. Price consolidated in the last 2 weeks but showing bullish price action at the $155 level. We will continue to hold this position.
GM Bullish Opening Trade Signal Investment Rationale The...
Read MoreDailyPlay Portfolio Review Investment Rationale With...
Read MorePYPL Bullish Opening Trade Signal Investment Rationale...
Read More
Share this on