I know what you’re thinking – it’s SCARY to buy the market right now… or even go long anything, for that matter!
It just feels like things may fall apart any minute, right? The continuous media hysteria isn’t helpful either…
And that’s why I’m preparing for a MAJOR PUSH HIGHER!
You read that right – there are 2 indicators clearly pointing to the upside.
And there are a few trades I’m eyeing.
“Money” is Not Scared
It’s common sense that when the market is afraid – the wallets and pockets stay tight.
And I’m not just talking about consumers here – major funds wouldn’t be flushing out billions of dollars in acquisitions if they expected a melt-up near term, right?
Yet, this is exactly what’s happening!
Just yesterday, on Monday 21st, we saw nearly $22.5B worth of major M&A:
1. Warren Buffet’s Berkshire Hathaway (BRK/A, BRK/B) acquired Alleghany (Y) for $11.6B
AND
2. Private equity firm Thoma Bravo acquired Anaplan (PLAN) for $10.7B
Each acquirer paid a significant premium for each acquiree, too!
And I’m not even mentioning a dozen of recent smaller acquisitions in the tens and hundreds of millions.
“Smart money” sure doesn’t look scared, does it?
But forget about the big guys… maybe the regular traders are nervous and will cripple the public’s (and market’s) confidence.
Hmm, let’s see…
Just today we’re having an over 200% gainer in JX Luxventure (LLL).
Yesterday we had Hudson Capital (HUSN) and multiple others too…
Small caps are as hot as ever!
Do you think these gamblers are scared and ready to run for their lives??
The truth is, according to this money flow – NOBODY in the market is scared!
So, why should you be?
Hence, I won’t be!
As long as the technicals hold up, I’m seeing GREAT upside near-term!
Here’s one idea I’m eyeing:
SPY to $460+:
People have been positioning for downside… but the SPY has been grinding!
The strength despite the inflation, the war, the politics has been incredible.
Hence, I wouldn’t be surprised if we see a squeeze out move into the $460 area!
I’m eyeing March 30th $460 CALLS currently trading around $0.95…
If the move were to play out, I think those can easily go above $2.
My stop is SPY below $445.
AMZN to $3700+:
The market is grinding, and so is Amazon.
With the shares nearing the long-awaited stock split – right now could be the perfect time for the stock to finally quit disappointing traders!
If the uptrend holds, I’m eyeing April 1st $3400 CALLS, trading at about $26.50.
My stop is below $3200 for stock and my target is… well, what do you think could be the limit here if the trend continues?
