RPP – This Week’s Names Wrap 7-31

7-31

Hey Rebels! This week brought another round of volatility, but the major indexes showed some resilience as earnings took center stage.

Both $SPY and $DIA are closing the week with fairly strong hammer candles after trading much lower on Wednesday and bouncing back nicely. $QQQ also participated in the two-day snapback, while $IWM remained choppy and indecisive.

The VIX briefly pushed above 20 before retreating and closing back in the mid-16s.

$BTC has cooled off and continues to trade without much momentum. Overall, the market remains selective and headline-driven, making patience and disciplined trade selection especially important.

NVDA slid lower for a quick single and has reversed.

NOW Made a very nice upside move this week.

GOOGL has had a great week largely due to today’s gap and run!

PLTR has been fairly choppy.

When not holding strong opinions, we normally close out entirely and start next week fresh.

When holding strong opinions, roll out in time and to a lower delta option.

When still wishing to have somewhat of a lean, close half and roll out half to a lower delta position.

Enjoy the weekend!

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7-29

NOW is moving higher here into our next target!

Additional Levels:117.34, 119.19

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7-29

NOW is rallying more!

Additional Levels: 117.34, 119.19

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7-29

NOW is rallying here. Consdier taking profits with a roll/trim.

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7-28

GOOGL is running into target 2. Consider a roll or trim to secure profits. 

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7-28

PLTR Additional Levels: 114.57, 112.93

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7-28

PLTR is into target 2 here. Consider an adjustment with roll/trim.

NVDA inching into target 1.