Primary Wave Set-ups

These are my Elliott Wave set-ups for Plug & Play Stocks, Broader VSL and Global Trends ETFs, as well as, several that I am trading or investing in. Each week, I’ll cover 5-10 set-ups that catch my eye as higher potential and/or higher certainty. We’re using the intermediate term weekly charts as our primary guide, but have to mind the other time frames for clues too.

Elliott Wave is not perfect, nor is the operator, and neither is my Primary Wave Set-up. However, from a targeting perspective, I have found it to be an excellent tool. Even when I miss, I learn a lot and can adjust. I encourage you to think that way. Think in probabilities, not certainties. And, remember, mind your asset allocation by scaling in a piece at a time.

Plug & Play Stocks

Invesco QQQ Trust Series 1 (QQQ) Updated 02/06/2023. Primary Wave Set-up with a Daily Trigger (1/2 position size)…Target elevated at $349 because of last week’s candle. I’d be conservative and target $330-35 range if your going to chase it.

Block Inc (SQ) Updated 02/05/2023. Primary Wave Set-up with a breakout (full position size)…after Target 2 should be a nice run $95+.

Cisco Systems Inc (CSCO) Updated 02/05/2023. Raised to the STOP to $45.67

Nvidia Corp (NVDA) Updated 02/05/2023. Primary Wave Set-up with a Breakout (Full Position).

Jumia Tech (JIMA) Updated 02/05/2023. Primary Wave Setup with a daily trigger (1/2 size). Note low volumes vs. prior highs. This could get stuck in a rut all year!

Shopify Inc (SHOP) Updated 02/05/2023. Primary Wave Set-up with a breakout (full position)

StoneCo Ltd (STNE) Updated 02/05/2023. Primary Wave Setup with a daily trigger (1/2 size).

Stag Industrial Inc (STAG) Updated 02/05/2023. Primary Wave Set-up with a breakout (Full position size)…

Tesla Inc. (TSLA) Updated 02/05/2023. Primary Wave Setup with a daily trigger (1/2 size). Talk about strong…Resistance $225-241 then its $300. This could be another Nov 2021!

Uber Technologies Inc (UBER) Updated 02/05/2023. Has broken out so full position size here. However, earnings maybe speed bump. So you could wait till earnings to add or hedge with maybe a few short term $25 puts.

Freeport-McMoRan Copper & Gold Inc (FCX) Updated 02/05/2023. Nice consolidation, looks solid for a run at $55.

Ford Motor Company (F) Update 02/04/2023. “Still” need to watch loan loss reserve numbers that come out. Defaults, could become a headwind.

Vici Pptys Inc (VICI) Update 02/05/2023 “Looks Good” sell Mar-July $30 puts here if your not in it. Otherwise you should be at a full position size at the breakout line.

Digital Realty Trust Inc (DLR) Update 02/05/2023 I’ve added a speedline which is where I’d prefer that we stay above. I don’t like the flag look but its done nothing wrong!

Bank of New York Mellon Corp (BX) Updated 02/06/2023. I’d be taking partials at that $53.

Broader VSL

Exact Sciences (EXAS) 11/29 EXAS sell April $30 put for $4 + Updated 02/04/2023 (New entries use $55 puts)…could add risk here and sell $60! Solid up trend!

Home Depot (HD) We got the back-test now were headed to the 8 day. Updated 02/05/2023.

Global Trends ETF

iShares Semiconductor ETF (SOXX) Updated 02/03/2022. Sell a April $395 put for $11+ per contract. Continuation play off the breakout.

Berkshire Hathaway Inc. Class B (BRK.B) Update 02/03/2023. Let’s raise the stop here to $303.86.

First Tr NASDAQ Clean Grn Engy (QCLN) Update 02/03/2023 Updated targets!

Emrg Mkts Inet and Ecommerce Updated (EMQQ) Updated 02/05/2023 were at the breakout line so a full position size here.

My Shots

APPL moved to Swing Trade Notes

Alibaba Group Holding Ltd (BABA) Updated 02/03/2023. 1st target is now $98.99. If the April $110 got put to you I’d just hold unless the stopp is hit. Just put in GTC order at $115 to sell the my common! Will sell something else at $99.

iShares Biotechnology ETF (CRSP) Updated 02/04/2023. This is gonna run I can just feel it! Selling a $55 after the open range Monday.

Boeing Co (BA) looks good! Updated 02/04/2023 Sold Feb $160 for $6.95+ “Wait for the back-test now” On market weakness you make the call on taking profits around $218.

iShares Biotechnology ETF (IBB) Kind of flat! Updated 02/05/2023 sell a Mar $125 put. A Primary Wave Set-up with a Full position off the back-test. The target is $142.75 now.

Tracking Recent Trades

Shooter’s Risk Disclosure & Performance Disclaimer Statement

You can follow shooter on Twitter @swingtradenotes