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Momo Market Roundup, 11/16/2021 — Electric Vehicles for the Win 

 November 16, 2021

By  spectre_trades

Electric Vehicles Were On Fire

Those EV stocks just didn't quit today. Rivian (RVIN) hit our 160-180 target. Lucid Group (LCID) also ran. We alerted LCID this morning today for 51+ on the horizon, and it ended up meeting both or 54.50 and 56 targets. What an amazing opportunity to go long.

What about Tesla (TSLA)? It might have turned. We're watching the dips for  possible rip back to 1100 over 1060.

SPY Breaks Out Early

We had our eyes on SPY to break out tomorrow, but instead it happened today. We're watching it now for even more upside headed into the holidays.

Member Trade of the Day

Edumomo member jmccormack went short on Sea Ltd (SE) at the VWAP fail and rode it all the way to the bottom. He entered the trade at $7.33, took one trim at $10.33 (good risk management) and closed the position at $27.85. Nice work!

spectre_trades


Momentum Trader. Technical Chart Analyst. Always on the hunt for 3x or better reward to risk.

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