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Good morning,
IWM is challenging 2023 highs which is a great sign after what feels like a few years of chop. I think weβll be in store for a nice trend in 2024 and am looking forward to swing trading small caps again soon. Been a long time since thereβs been excitement in small caps, thatβs for sure. I think this is here to stay as we look at a soft landing and rates coming down in 2024.Β
Iβm adding $150 COIN puts this morning looking for a pullback to below $140. Itβs overbought and despite going higher, momentum is fading. If itβs trading above $160 Iβll look to move on from this idea.
LQMT is trading actively this morning. Someone is soaking up a few million shares already which is high volume. I saw a similar tape (level II) just before the CEO announced buying about a million shares. In that time frame the stock doubled. Iβve been looking for $.10-$.20 on this soon and this action could be an indication itβs coming. Iβll have detailed notes on what Iβve been reading up on here later today. Iβm long-term at $.091 here. I adjust my size up and down on a big core position without notice. And now we have another catalyst which is the speculation of MOVE being bought out. Not sure if you saw the news about Appleβs iWatch sales halting in a few days but this is a new and interesting angle for LQMT stock. I think this could be getting close to an exit for me, ideally on a big, liquid move to the upside in 2024.Β
The call options trade idea on CVNA is smashing it! That short squeeze is in full effect here on the breakout. But itβs getting extended so short call vertical makes more sense now trying to catch a stall in the price advance.Β
Itβs full bull into the end of the year guys and gals. Join me in the chat room (OPEN TO ALL) and weβll talk through the trades live.
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