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Free #SundaySwing ideas week of 11/22 and into December based on #TheStrat

Sunday 11/21, another #SundaySwing post into December with the ideas the developed during the last week.

We also have a short week, markets are closed on Thursday, but open on Friday after Thanksgiving, so if you’re in weeklies pay attention!

First, a quick update. I try to also record my #SundaySwing ideas as a video and post it on Youtube on Sunday evening for your viewing pleasure. Overall I got great feedback and it seems like, you like it. So I will try to continue with this.

Disclaimer: No advice, instead these are my ideas based on my knowledge analyzing the charts for possible swing trades based on #TheStrat. So please always do your own due diligence before entering a trade.

Chart setups

Since I got some DMs about the colors in my charts and the setups:

Outlook

As always lets have a look at $SPY and $QQQ for a rough prediction of what I think the market will do next. Or course it’s just my interpretation and I was wrong on the bearish outlook beginning of November, but it helps me write this down here for later reviews.

$SPY M, W, D, 1h chart on TrendSpider
On the daily chart $SPY closed with a shooter-like 2u candle after outside day on Friday, looking weak. Week also only small green Doji-2u-candle, but the month still is bright green. So mixed Strat-setup were Month and Week is green. If $SPY breaks 468.50 on Monday or 466.23 to the downside next week we may see 462.04 as a possible target. Setup would be a nice _1-2-2 Bearish RevStrat W_. Watch out on Monday for a _3-2-2 Bearish Reversal D_ for a short dip deeper before maybe a reversal up into new ATH above 470.94 Day and Week.

Remember we are at ATH, so exhaustion risk is a heavy player here and can reverse the trend up.

$QQQ M, W, D, 1h chart on TrendSpider
Same picture for $QQQ. New ATH on Friday last week, exhaustion risk, but the setup on the Month and Week looks much stronger, compared to $SPY. FTFC up and a _1-2-2 Bearish Reversal W_ seems not realistic to me because that would need 392.10 to break, but we never know what next week will happen. I would watch out for a _2-2 Bearish Reversal D_ on Monday below 402.58, otherwise $QQQ will continue with a 2u above 405.30.

Options and Expiration

As mentioned above and in my post of October results shown, I go at least 3-4 weeks (12/17 is currently my preferred one) out with expiration on options and not to far OTM if possible. I also trade on a small account and if an option is to expensive for my risk management, I simply don’t trade it. Because, profit is not guaranteed and everything can be lost on those options.

Profits and Stops

I usually target around 25-40% of profits on those swings and decide during the market hours if I leave a runner on a position or close the entire one.

Swing ideas

Would love to get some feedback about this format here and if this helps you learn #TheStrat, as well as I’m open for any things that will help more. To view the charts in full detail, click to open them in a new browser window

Only 3 tickers this week, there are of course more, but most of my favorites trading at or near ATH and there is always exhaustion risk and also no targets that can be taken out, so that makes it difficult to aim. Also be sure to look at the bottom of this post to see my previuos #SundaySwing ideas which some of them are still valid and can trigger.

$UBER 12/17 50c > 46.66

Not sure how $UBER will open on Monday after news from the weekend, but still looks ready for some movement after being nearly flat the last 2months.
I’m eyeing for a 3-1-2 Bullish Reversal W after two inside weeks, with a slightly bearish structure. Break of 46.66 and first target 47.65 would maybe continue the movement into December above 48.88 for a 2-2 Bullish Reversal M with my target at 52.03.

$UBER M, W, D, 4h chart on TrendSpider

$TXN 12/17 200c > 195.25

Semi constructors were strong thanks to AMD and TXN held up strong even after AMAT ER miss last week. No ER for TXN this year, so the 12/17 200c is my choice if we break a rare triple inside week setup above 195.25. FTFC is already bright green, however Month is still inside and $TXN needs 202.26 to break this, with only one week in November left. So 12/17 as well, to getting into a possible 3-1-2u M.

$TXN M, W, D, 4h chart on TrendSpider

$BEKE 12/17 30c > 25.98

The beauty of #TheStrat is, that I don’t know anything about a company, like $BEKE. I look at the chart and see an inside week and FTFC up. A break of 25.98 would be a 2-2u Bullish Continuation M, while I don’t like continuation plays a lot this one looks tempting to me and the 29.66 would be the next target if 25.98 is taken. However, after that 1st target, the next is 38.19 which seems unlikely to me. A 1/22 30c would also by a choice if the 25.98 isn’t taken next week and in first week of December to buy some more time.

$BEKE M, W, D, 4h chart on TrendSpider

Older #SundaySwing ideas

Please also have a look at my previous #SundaySwing ideas which still have some setups (as time of this writing) for a possible entry for me.

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