Big Win And What To Watch Next

Posted by Joe Duffy | Feb 27, 2024 | Joe Duffy's Trading Advantage | 0 |

Monster up day in my favorite stock as I have said for several weeks Marathon Digital. Up from 23 to 28 today!!! My longs were from 18 and 23. Today I took them off. Earnings are Wednesday after the close. I expect higher in this stock, but the prudent thing was to take profit on a huge up day before earnings. I doubt I am done with longs here going forward.

General market I expect some weakness into March. I think it’s tradeable. Right now I am short PayPal at 57.80 about 50 cents below Monday close so a tiny bit underwater. Also looking at NKE. Keeping an eye on ARKK for the simple reason that if the market goes down this stock loves to go down with it. Potential squeeze up here on ARKK though, so it is a watch list only for now.

Thanks,

Joe

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Joe Duffy

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