Stocks on Radar this Week - July 15, 2024

The names we're watching this week

SPARTAN'S WEEKLY PICKS PLEASE READ OUR DISCLAIMER STATEMENT BEFORE VIEWING at the bottom of this email or click  https://spartantrading.com/terms-conditions/ Good Evening Traders, I hope you all had a wonderful weekend! We should be in for a very interesting week after what transpired at Saturday's Trump Rally. Will be watching the Macros closely this week alongside the technicals as I am expecting for there to be some uncertainty out the gate. Typically I will always defer to the technicals and follow the chart but it is a little difficult to say how we will open Monday given these recent events. My guess is that we open down, I am just unsure about how much volatility and range we will have. The Tech names will be the main watch, the strongest movers have had the most range the last few weeks so these will be the focus for now. We will also have a few Fed speakers throughout the week - Powell is scheduled to speak Monday (12:00PM) which will be interesting to watch. Now let's dive in and take a look at what I am seeing in the market this week from a technical standpoint: SPY & MARKET OUTLOOK $SPY Still holding the flag range on the daily and all ema support, will need to see where we gap out the gate. 560.11 will be the pivot to the upside this week. This level holds room higher into the 563.71 res, breaks we see the 567.88 tested. Pivot unable to hold, room lower into the 555.84 support, breaks we see the 550.21 tested. Leaning Bullish neutral only if pivot can be reclaimed early on. Options Ideas: Pivot holds, 565-570 weekly calls. Pivot unable to hold 555-550 weekly puts FAANG $AAPL Flagging on the daily to the upside w/ room for continuation if we can hold the pivot. 229.12 will be the pivot to the upside this week. This level holds room higher into the 233.34 res, breaks we see the 237.79 tested. Pivot unable to hold, room lower into the 226.23 support, breaks we see the 222.23 tested. Leaning Bullish neutral only if pivot can be reclaimed early on. Options Ideas: Pivot holds, 232.5-235 weekly calls. Pivot unable to hold 225-222.5 weekly puts  $AMZN Ema support short term broken on the daily but flag range holding here. 193.29 will be the pivot to the upside this week. This level holds room higher into the 197.69 res, breaks we see thev201.43 tested. Pivot unable to hold, room lower into the 188.55 support, breaks we see the 185.48 tested. Leaning Bearish neutral. Options Ideas: Pivot holds, 195-200 weekly calls. Pivot unable to hold 185-180 weekly puts $NFLX below all ema support here on the daily.  648.14 will be the pivot to the upside this week. This level holds room higher into the 657.97 res, breaks we see the 666.44 tested. Pivot unable to hold, room lower into the 635.57 support, breaks we see the 625.73 tested. Leaning Bearish neutral. Options Ideas: Pivot holds, 655-670 weekly calls. Pivot unable to hold 630-625 weekly puts $META Pulling into the 50ema on the daily here. 497.80 will be the pivot to the upside this week. This level holds room higher into the 514.25 res, breaks we see the 531.35 tested. Pivot unable to hold, room lower into the 477.28 support, breaks we see the 460.39 tested. Leaning Bullish neutral.  Options Ideas: Pivot holds, 515-520 weekly calls. Pivot unable to hold 475-465 weekly puts $GOOGL Pulling back into the ema support on the daily. 185.39 will be the pivot to the upside this week. This level holds room higher into the 188.54 res, breaks we see the 191.98 tested. Pivot unable to hold, room lower into the 181.65 support, breaks we see the 176.92 tested. Leaning Bullish neutral.  Options Ideas: Pivot holds, 190 weekly calls. Pivot unable to hold 185 weekly puts INDIVIDUAL NAMES ON RADAR $SMCI Range breakout setting up on the daily to the upside. 933.54 pivot breaks room for continuation into the 975.96 res, breaks we see the 1011.86 tested. Leaning Bullish neutral Options Note: 1000-1020 weekly calls  $HD Range break off the lows w/ room for continuation to the upside here. 363.69 breaks room higher into the 371.46 to the 382.66 tested. Alert: Bid>363.69 Options Note: 370-380 weekly calls  $TSM Flagging on the daily w/ room for continuation if we can break and hold the 185.66 tested. Alert: Bid>188 Options Note: 190-192.5 weekly calls  SPARTAN ON YOUTUBE Over $1.2M Profit in 11 Months! 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