5 days ago
12
Traders,
I hope you’ve all had a great long weekend! As always, I look forward to sharing some of my top ideas for the upcoming week with you all.
As has been the case in recent weeks, I’ll be primarily focused on the leading themes.
Continuation in VELO: The space sector has been running hot, and will likely continue in my opinion, right up until the SpaceX IPO. VELO was one of the few names that had not yet broken out and had formed a strong base near key short-term SMAs. On Friday, it broke out and closed near the HOD. Now, I am already long with a stop near Friday’s low. But going forward, I’d like to see basing above Friday’s high and an intraday breakout for adds, or a dip into the 2-day VWAP and reclaim for an add. I’ll be looking to trim my position on any intraday extensions from VWAP and leave a core 10 – 20% on with a trail.
English (US)