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Trade Ideas for Week of 2022-09-06: $AAPL $SPY $META $NFLX 

 September 5, 2022

By  spectre_trades

Amazing Trades This Week!

Finding opportunity in the market mayhem

$SPY - 8/30 Dump

PLAN

 Wed SPX 3950p on 402.60 break

Target 3920

EXECUTION

0.30 Average Entry
0.00 Stops
$7.80 Last Exit
RESULT

2600% ROR

$SPY  - 9/2 Day 2 Rally

PLAN

400c for bounce off 396.50

Target  403-406

EXECUTION

4 Average Entry
2 Stops
$2 Average Exit
RESULT

-50% CV

$SPX - Bear Put Swing Update 

PLAN

  SPX Oct 31 3700/3500

Vertical Puts for $10-13

Target 100-200

EXECUTION

12 Average Entry
8 Stops
$39 current price
RESULT

450% ROR 

(so far)


$NFLX - short vs 232 level

PLAN

  NFLX  230p  

Target 224 or less

EXECUTION

3.50 Average Entry
2.50 Stops
$5.50 Average Exit
($7 peak)
RESULT

200% ROR


ROR: Reward over Risk        CV: Contract Value

(Disclosure:  Simulated Results based on Plans shared, Actual Execution and Results May Vary) 

Stocks I'm watching this Week

OVERALL THEME: Overall looking for rallies to get short with possible break of last week lows this week. If we rally/consolidate will be looking for consolidation action and triggered next leg in a week or two.

$META - watching for support break after long term consolidation

Negatives

  • Bearish Engulfing Candle 
  • Possible 155 support break

Plan

if 155 breaks take 150 and 152.50p risk vs 156 reclaim. 

I might be early on watching this, but I want this on radar because on the day it breaks, I'm expecting a fast drop.

SPY - Looking for great risk/reward short entries on rallies.  May quickie scalp long.

Negatives

  • Powell speaks on Wed before market open on 9/7
  • Last speech very hawkish rhetoric.  If any rally, expecting more hawkish statements
  • Fed reducing balance sheet from $35B to 90B in Sept

Concerns

  • Powell speaking ahead of market may trigger major selling before open
  • with so much put flow, chance of short squeeze

Plan

Ideally get a push / retest of 400/406 level before next leg down.  Looking for strength to get short.  If 388/387 breaks could see 380 quickly, and if 380 breaks would expect to see 360 very quickly.  Overall I think 330 or less can come by end of Oct. 

NOTE:  We alerted and entered Oct 31 bear 3700/3500 vertical put at $10-13+.  over $38 now, do we get $200 in Oct?

AAPL - Sell the News on any rally from Apple event on Sept 7.

Negatives

  • selling with market
  • large rally, and setup for multi week down trend
  • Often experiences sell the news behavior during event.

Plan

Will be watching for exhaustion on 9/7 for short entry.  


Recent Blogs

The stock market is a platform that connects buyers and sellers of shares, allowing them to trade at fluctuating prices. However, at the end of each

Banking with PlanningMy original thesis of 403.70 would hold for more consolidation was wrong, so when that level broke on volume, I started Planning.List of Steps

spectre_trades


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

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