Yo Pit Crazies,
I would like to say today is different from any other day in March this year and in a way it is and one way it isn’t.
Stocks had a tighter range than the expected move and there were more conflicting reports about what is going on in the Iran Conflict. That left stocks close to unchanged and VIX nearer 27.
Tomorrow will likely look the same unless the White House pulls a rabbit out of its hat.
SPY 5 Day Chart
So if you want something new and exciting, click here:
Welcome to our Ceres Club weekly newsletter! Sibyl finds hundreds of new stocks everyday, so each week I’ll highlight the most pressing ones: upcoming or current trades.
Today, there are four stocks I want to focus on… plus, our first trade!
Xpeng Inc (XPEV):
XPEV is a Chinese EV maker that reported its earnings on Friday. Earnings were good, but the market did not like them. That’s a key point to remember: it’s not about the quality of earnings, just if the stock moved higher than the day before. A good cycle would put it one step closer for a trade, but now Sybil waits for the next cycle.
XPEV is trading above the 10% rebound area, so this gets relegated to an accelerated trade possibility. I would need to see the open interest to jump above 63,000 contracts to take a long position for an accelerated trade. If that hits, I’ll let you know.
Wix.com (WIX) and Grindr (GRND):
Both of these stocks are 4 of 4 Fingerprints, but they do not meet our 5000 Open Interest target: my threshold for institutional interest. However, I want to see any stock even if the OI is light because little stocks can become bigger stocks.
WIX is gaining institutional interest quickly, and it’s suffering from the AI writedowns. This could be an accelerated trade within two weeks.
I am long the GRND Jun18 12 calls for $1.60. This was a trade in the Ticker Highlight Show, but I used the most recent version of Sybil to find it. I’ve used Sibyl to find many of my picks for the show, and now you have access to it, too!
ICKER NO ONE KNOWS)
Ladies and germs … we have our first trade! We’re making a few adjustments to Sibyl’s trade output. But I bought the SORRY CAN’T REVEAL THIS ONE. My target on these options is $3.00. I’ll walk through the entire trade process in our first Masterclass session, next Monday the 30th at 12:30 p.m. ET. Join Ceres Club before the Masterclass starts.
Braze Inc (BRZE)
BRZE was on the scanner earlier today but is no longer, as it doesn’t meet our 5,000 OI target anymore. However, the company reports earnings tomorrow – so it’s one to monitor regardless.
So here are some action items for the week:
- Keep an eye out for possible accelerated trades in XPEV, WIX, and GRND
- Watch BRZE after it reports earnings tomorrow
To get follow up intel and more, check out the Ceres Club at this link.
To Your Trading Success,
AG