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Market Recap and Next Week Look- 12/12/21

The market finished extremely strong last week, surging from 10:30am forward. For those that followed my tweets, instagram, and paid subscription , we caught the huge bounce . The market screamed past early highs, and pushed up testing new levels. I believe we are going to see a continue bullish run , as I keep stating, for the year end of 2021. Investors will seek to make gains and will slowly sell off before the Fed begins to taper.


RECAP:


We scored big on a few positions last week and had another 5k+ print on the PnL . Some big drivers were in play as we caught upswings and middles on the strategies I posted throughout the week.


#DWAC ripped over 22% percent in one day. When I noticed the news about 1 billion in new capital investment and a bullish trend forming, I switched into long naked calls. I caught the upswing and then dropped in some short hedging, selling calls for a short/theta position.


#AAPL is a stock I continue to have long term views and I own the underlying asset on this. It reached new highs, with a a steady push throughout the week. AAPL got multiple analyst price target increase. I can't see how anyone would not want to own this stock as it even pays a dividend every year.


#NFLX saw a bearish close the last two days of the week, but I was able to find a nice strangle that I continued to to taper down and draw the strikes into a narrower range.



WEEK AHEAD:


I am going to continue to be on the lookout for #TSLA as it broke the 1,000 bull trend support point, but quickly bounced back from the 980 range to finish ~1,014 for the close on Friday. Without continued selling pressure, the stock might see some growth this coming week if it can shake off any news about the current investigation .


There are a few earnings reports this week and a few catch my eye.


Wednesday, December 15 - REV Group (NYSE:REV) and Lennar (NYSE:LEN).


: Thursday, December 16 - Accenture (NYSE:ACN), Adobe (NASDAQ:ADBE), Carnival (NYSE:CCL), JAbil (NYSE:JBL), Expensify (EXFY), Rivian Automotive (RIVN) and FedEx (NYSE:FDX).


#CCL is an interesting pick. Like airlines, their stock could rip after revenue increases as COVID restrictions lifted and business picked up. After selling off during COVID, we could see a pop here


#RIVN was a hot stock that I jumped on at the IPO. The stock was ripping before news came out about some issues in their new EV fan. The stock went from ~170 down to ~112 where it seems to have found a bottom. There could be some huge upswing here if the earnings and projected revenue forecast has some positive news.


Thanks again for all the new subscribers and paid subscription members. Be sure to join the discord : https://discord.gg/JVAjSqeTdK


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