If you love guacamole, chips, and buying on dips, you'll like this play. Our latest Under the Hood Report is out and a familiar eatery is offering up a nice deal for lunch.
Bullish setups continue to appear -- and work. Sure, there are plenty of reasons for weaker souls to sit on the sidelines over the next few weeks. But only price pays, and when we can use options to clearly define our risks while still participating in a chance for gains, we'd be irresponsible if we didn't step to the plate to take our swings.
Today's trade comes from the recently updated "2 to 100 Club" list and is a $3.7 billion online personal styling and clothing platform.
Sure, you could go spend top dollar on that hot new make and model at the fancy big city car dealership.
But we all know the best deals are often found at the used car lot on the outskirts of town. And apparently investors are waking up to the fact that an investment in these operations can be good for their portfolios as well.
It isn't just the sexy high-tech names that are offering great opportunities. Sometimes, the best ideas can be the simplest ones.
After brushing my teeth this morning, I happened to be reviewing the list of stocks the ASC research team is watching. Call it kizmet, but the fresh tingle of clean teeth was still making itself known when I came across this chart:
As a trader, I've always looked forward to Mondays. These days, I like them even more because I get to act upon some great trading ideas published in the Under the Hood report which the ASC research team puts out every weekend. There have been so many great plays coming out of the report lately. (Have you seen $PTON??? wow.)
And this most resent one has given me an idea for a "plan" today.
The All Star Charts research team is about to release a new report called the "Young Aristocrats." I've seen the preview and one of the stocks on their list is setting up nicely today for a breakout, so I'm wasting no time to get involved.
In a recent report to ASC Institutional subscribers, the team laid out a case for strength in the Homebuilding sector as several components are approaching breakout levels from monster bases. Its relative strength vs. the S&P 500 over the past month is evidence that the year-to-date leadership from this group is likely to continue for now.
A sexy name that has been in vogue since the coronavirus pandemic sprang up is showing signs of breaking out again from a high consolidation pattern. And unless you've been hiding under a rock the past 6 months, you've probably used their product.
I'm pretty charged up about another opportunity from the Under The Hood report that is setting up today.
If the markets stabilize soon, this feels like one of the names due for a pop. And thanks to the "Robinhood" options trading speculators, there is plenty of juice in out-of-the-money calls for us to take advantage of to leverage into a good trade.
In a recent Under the Hood piece, we highlighted a software name that is breaking out of a major base and happens to be in the news -- which has the social medias chirping.
Price action today is giving us a good opportunity to get in on a pullback for an opportunistic bet for potentially uncapped gains.
The stock that has caught my attention was mentioned in the most recent All Star Charts monthly conference call and it's setting up in a nice base just above our buy level, with plenty of room to the ASC profit target.
Sometimes, I can't help myself when a good pun presents itself. Especially when I can use it to express my inner geekiness in options trading.
This name should be so obvious, it has "interest" in its name.
