Traders,
I look forward to sharing some of my top ideas for the week ahead, comprising both swing and potential intraday opps.
So, let’s get right into it!
Follow-Through in SPCX: Starting off with SPCX. An absolutely brilliant move on Friday, catching many off guard following the most widely publicized lock-up expiration probably of all time. As of now, I have exposure to the long side, and I’m looking for a gap on Monday and/or continuation higher, ideally into the 140 – 150 region, to exit the final piece of the long. If we get a gap higher on Monday, I’d be looking to reduce exposure. Alternatively, if we open flat/slight gap higher, wash out near 130 / 2-day VWAP and reclaim, I’d be looking to add to the long side. Later in the week, I’d love to see a potential pullback trade develop in the name. So for that to play out, I’d need to see SPCX extend to 150 – 160 and ultimately top out / fail to follow through intraday for an intraday / 2-day fade opportunity.


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