Stocks on Radar this Week - July 29, 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 Afternoon Traders, I hope you all had a wonderful weekend! Should be in for a busy week as we continue earnings season. We have a few macro events this week but have a huge amount of range from a technical standpoint going forward. I will continue to keep an eye on tech names this week, the semiconductors in general will be extremely important to the market and the QQQ for a continued bounce. Small cap IWM will be on watch as well, still holding its range to the upside with room and many of these smaller names with very skewed risk reward to the upside. 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 Testing the uptrend channel, holding for now and back above the 50ema as well. 542.38 is the pivot to the upside on the daily this week. Pivot holds, room higher into the 550.28 resistance, breaks we see the 556.53 tested. Pivot unable to hold room lower into the 537.16 support, breaks we see the 531.80 tested.  Options Note: Pivot holds, 550 weekly calls. Pivot unable to hold 535-530 weekly puts. FAANG $AAPL Head and shoulders testing on the daily here. 220.66 is the pivot to the upside on the daily this week. Pivot holds, room higher into the 223.80 resistance, breaks we see the 227.85 tested. Pivot unable to hold room lower into the 214.64 support, breaks we see the 211.51 tested.  Leanings Bullish on the daily.  Options Note: Pivot holds, 223-225 weekly calls. Pivot unable to hold 215-212 weekly puts. $AMZN Testing the range to the downside this week.  181.33 is the pivot to the downside on the daily this week. Pivot holds, room higher into the 184.20 resistance, breaks we see the 187.19 tested. Pivot unable to hold room lower into the 176.78 support, breaks we see the 173.66 tested. Leaning Bearish neutral.  Options Note: Pivot holds, 182.5-185 weekly calls. Pivot unable to hold 175 weekly puts. $NFLX Below all ema support, downtrend channel intact. 647.26 is the pivot to the downside on the daily this week. Pivot holds, room higher into the 664.50 resistance, breaks we see the 679.22 tested. Pivot unable to hold room lower into the 627.25 support, breaks we see the 609.47 tested. Learning Bearish neutral  Options Note: Pivot holds, 665-680 weekly calls. Pivot unable to hold 625-615 weekly puts. $META Below all ema support to the downside but testing the inverted head and shoulders. 459.62 is the pivot to the downside on the daily this week. Pivot holds, room higher into the 471.77 resistance, breaks we see the 483.01 tested. Pivot unable to hold room lower into the 442.88 support, breaks we see the 428.43 tested. Leaning Bullish neutral. Options Note: Pivot holds, 665-680 weekly calls. Pivot unable to hold 625-615 weekly puts. $GOOGL Extended on the daily to the downside. 169.55 is the pivot to the downside on the daily this week. Pivot holds, room higher into the 172.06 resistance, breaks we see the 174.77 tested. Pivot unable to hold room lower into the 164.04 support, breaks we see the 159.59 tested. Leaning Bullish neutral. Options Note: Pivot holds, 172-175 weekly calls. Pivot unable to hold 165-160  weekly puts. INDIVIDUAL NAMES ON RADAR $SMCI Watching the range hold off the lows, looking for a reversal if we can break and hold above the 722.73 level. Holds we see room into the 772 to the 828 on the upside. Alert: Bid>722.73 Options Note: 750-800 weekly calls $UNH Flagging on the daily to the upside with room for continuation higher IF we can break and hold above the 574.31 level Alert: Bid>574.31 Options Note: 580-600 weekly calls $JPM Flagging on the daily to the upside with room for continuation higher IF we can break and hold above the 213.33 level. Alert: Bid>213.33 Options Note: 215-218 weekly calls.  SPARTAN ON YOUTUBE Low Float, Asset Rich Company Ready to Breakout Want to trade with Spartan Trading this week?    Learn More about our Programs To Activate Promo / Coupon Code   DAY TRADING CHATROOM 7 DAY TRIAL – SAVE 50% (CLICK TO ACTIVATE) 1 MONTH – SAVE 30% (CLICK TO ACTIVATE) SWING TRADING CHATROOM 1 MONTH – SAVE 30% (CLICK TO ACTIVATE) TRADING BUNDLES VIEW BUNDLES - SAVE ADDITIONAL 10% ON ALREADY DISCOUNTED BUNDLES To activate, click the link above or go to the applicable registration page and enter the promo code above in the field that says "coupon code" (half way down the registration page). If you are a current Spartan Member and are receiving a note that says "you do not have access to purchase this item" when signing up please email info@spartantrading.com PLEASE READ OUR DISCLAIMER STATEMENT BEFORE VIEWING FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. 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