🔔Week Overview: Crypto Reserve & Data
& What names to look for this week
February was definitely a turbulent month for stocks, from making a new ATH to retracing almost 7% from those highs. In reality, we’ve basically just been bouncing between a very large range for the past three months. This is likely due to market participants adjusting to the new party in office.
Courtesy of EquityClock, the seasonality of 2025 has been like clockwork. April is usually a great month for tech, which is something I will be looking to take advantage of. It really does feel like the choppiness and pullback that usually comes in March has for the most part already run its course.
President Trump also just announced this morning the creation of a “strategic crypto reserve” that will include BTC, ETH, SOL, and ADA. To no surprise, the cryptocurrencies mentioned experienced a healthy boost in price with ADA going up almost 60%.
Someone actually went 50x leverage on BTC and ETH last night with about $4 million before this news came out. I think this is a funny reminder of how someone also knows before the news comes out.
He’s now up over $5 million.
Here’s the most important data coming out this week:
Monday, March 3: ISM Manufacturing PMI data
Wednesday, March 5: Eurozone GDP, ADP Nonfarm Employment Change
Thursday, March 6: Initial Jobless Claims
Friday, March 7: Non-Farm Payrolls, Unemployment rate
We also have Powell speaking Friday at 12:30PM EST.
It’s a jam packed week of earnings too with lots of tech names reporting like CRWD 0.00%↑, AVGO 0.00%↑, and OKTA 0.00%↑.
The earnings I am watching closely are: TGT 0.00%↑. KR 0.00%↑, & COST 0.00%↑. The performance and guidance from these two companies can provide insight on how consumers are projected to spend their money.
This Week’s Watchlist
From a risk to reward standpoint, there are some really nice big tech names that are providing potentially good long opportunities.
Meta has been clinging onto the daily 50EMA and seems to be holding very well. You could easily long this risking a close under the 50EMA targeting $695, $712. In previous price action, the 50EMA has been respected very well too.
I’m looking at 4/17 700C and the 4/17 750C for the upside.
Not as pretty, but the gap up from late Jan’s earnings report refuses to give. This can honestly be played both ways: if the gap up level fails, you can play the gap fill; if this continues to hold, you can trade the $1000 key level retest and potentially more.
Options Contract: 4/17 1100C
Apple’s resilience during the last two weeks of February needs to be studied, as the stock price literally went against the rest of the market for the majority of the time. To me, this looks like a nice retest of the trendline break out. I would love to see a reclaim of the 8 day EMA to then test $250+.
Options Contract: 4/17 250C
This name looks pretty constructive, with price consolidating and getting tighter. This type of price action is exactly what you want to see if you’re looking to potentially trade the upside.
Over $213.66 can really see some continuation and momentum in this name to test highs.
Options Contract: 3/21 220C
Post earnings name that was bought up with some pretty serious volume. I think this trendline break can lead to some serious movement on this stock if we’re able to get back up to $40 and hold.
Options Contract: 3/21 40C and 4/17 40C