TWLO Bounce & Trading MRVL Earnings

Two new bullish trade ideas. The levels these tickers could see have my attention.

I have a lot more fun trading for upside than I do aligning with the bear camp and the reason for that is pretty simple.

There are a lot more people enjoying the party when stocks are moving up.

And who doesn’t want to see a lot of people having success?

The more of us making money, the better!

I am hoping this newsletter helps many of you learn more about trading, provide different perspectives, and ultimately help you increase your odds of making more money trading.

We have had a few really nice trades so far this year and a couple that are in work.

Including CPNG, the most recent trade idea considered, which is looking ready to run.

I do keep looking at the banks, I promise, but I just do not see the set ups I was hoping for. The banks are either great to trade or garbage and right now they don’t feel great. Maybe I missed it.

So, you haven’t seen much other than the trade idea for BX which is at a make or break point here near 121.

The 150-day simple moving average (SMA) is sliding in for support. Let’s see BX bounce for the bulls!

BX daily candles

If I missed the opportunity for upside in the banks, that is fine. You know my motto, the opportunities are endless.

And I have two more that are looking ready to rip!

TWLO has been consolidating and is at the bottom of it’s channel, which is trending slightly higher. A great set up.

MRVL is the second ticker looking primed for upside and the company will be reporting earnings Thursday. A riskier set up but potentially very rewarding.

The options are trading in heavy volume and I am looking to add to that.

Here are today’s trade ideas for TWLO (calls & puts) and MRVL (spreads), both extending through July: