I was on Schwab Network this morning and walked through three setups I’m watching right now.
First one is a home improvement name that’s been channeling around the same price for months, but it looks ready to break. We’re talking a potential move down to levels we haven’t seen in three years.
The interest rate environment is working against it, and the technical setup is screaming for a retest lower. I showed them the exact put spread I’d use to play it with defined risk.
Second one is a consumer staples play that everyone rotated out of earlier this year. It’s been stuck in a tight range, but I think the market’s about to rotate back into it.
This one’s bullish, and the way I’m structuring it, the downside is minimal. But if it snaps back into that channel like I think it will, the upside is sitting there clean.
Third one is a Bitcoin proxy that keeps piling into coin while the stock keeps breaking down.
The company’s strategy isn’t translating to shareholder value, and I think we’re headed lower from here. I went way out in time on this one because when it moves, it moves fast. But the setup is there for a significant drop.
Rick pulled up the charts live. We mapped out the key levels, the support zones, the resistance areas. I walked through the exact strikes, the time frames, and why I’m structuring each trade the way I am.
The replay is up now, but these are the names in play today. Not next month. Not next quarter. Right now.
If you want to see what I’m watching and how I’m positioning for all three, the link is below.
To your success,
Don Kaufman
P.S. I just made a tweak to strategy I’m currently undefeated in. Find out what is and why I think it’s going to lead to more wins when I go live tomorrow at 1pm ET.
