Our picks from last week are looking promising this week. We are going to be checking on PCG calls as they were staging a move on Friday and the underlying is looking good in premarket. Same thing for the Zoom (ZM) calls we looked at at the end of the previous week. From $5.40 when we spotted them they are up around $6.36 and we will watch the open to see if we lock in that profit or hang on for an extension of the move.

Another ticker popped up on the radar this morning. Its a war trade that is buoyed by some big contracts to produce more weapons. Even is some conclusion is reached in the war, the replenishment process will be a boon for this ticker. Here are the signals that helped us spot it and make it look good.

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After a dive to nearly -6 on the MACD RTX is looking pretty oversold and has started to form a bullish crossover. The great part about this signal is that when this ticker formed the same pattern this low on the MACD last, it went into a 3 month tear.

The Dec 20 190 calls are around 7.30 this morning. If we can see another up day and get the RSI closer to 50, this is going to be a buy.

Keep learning and trade wisely,

John Boyer

Editor

Market Wealth Daily