NOTE: Earnings season begins on Friday, 13 July when C, JPM, PNC and WFC report Earnings. Watch the market reaction to their results.
Trade Ideas for Friday, 13 July 2018:
BOOT, CARS, CHKP, COST, CRUS, EEP, FAST, MYGN, NKE, SYK, ZGNX
Not much Resistance until $200 on the weekly chart, but extended on the daily. Needs a pullback or consolidation, but watch the gap above for a quick move up.
Doing a 45° runner after gap up on Earnings. Target is $58. Long via 17 Aug $52.50 Calls.
Another 45° runner on analyst upgrade. Great Balance of Power (BoP) and nice consolidation today (12 July). First Target is $46.25. Long via 17 Aug $39 Calls.
Costco “jumped the creek” after reporting monthly sales data. Fibonacci projection on the weekly is to the $250 area. Long Jan ’20 $150 Calls for some time now. ♥