My Top Auto and Energy Plays for This Week: WSH

NOTICE: LAST-MINUTE EVENT WITH JEFF BISHOP AND BEN STURGILL TODAY! Be [HERE]( at 11:40am ET! Welcome To The Cutting Edge Of Market Insights, Every Monday I use this time to demonstrate what alerts I learned the most from the past week and why. I’ll get right to it. You need to check this out: The above snapshot is of a stock that my friend and colleague Dave Hochman has been following very closely. He also sent me this screenshot of the daily price action in the stock: Keep in mind these calculations are only a small fraction of what Dave does day to day. You see Dave is a former hedge fund quant trader and I kind of see him as my ‘Ace In The Hole’ when I want a deeper understanding of quantitative analysis for stocks and the market at large. The Stock In Question… So when he showed his recent work to me, I literally jumped forward in my seat when I saw these numbers and said ‘Whoa…. This stock is 97%+ away from the daily 200 Day SMA… and that extended from its averages up?!’. I had to ask Dave… ‘What stock is it?!’ And in true quant fashion, he told me that he’s still working out some of the numbers (quants are like lawyers, the best ones never give you a definitive answer). Therefore we'll have them ready for you when Dave and I go live today at 12:00 PM EST today in [The Workshop](. You will not want to miss this session! Now let’s get back to the Macro, Technical, and Momentum action of this market shall we… Inflation is the word on everyone's mouth right now as they head back into work (even if it's remotely) from the long weekend. Just remember, it could always be worse. Case in point the Eurozone: Inflation may not have peaked yet in Europe Not only Spain, but of course Germany as well: These countries are really feeling the inflationary pressure as prices build to higher highs for consumer goods while central banks have fewer and fewer tools to combat the situation. This is actually the highest monthly inflation increase in CPI for Germany since they started keeping records in 1963. But what does all this mean for you? It could mean that this trend in the indexes in the above chart to the upside could continue to where we see them ‘pop’ to their respective 50 Day SMA’s, with the Dow Jones Industrial Average possibly commanding a premium, before they start to consolidate again. Best case scenario; these three major indexes rise all the way to the 200 day SMA before reality collides with price discovery again. One of the catalysts for another pullback would be the US housing market coupled with any increase in the unemployment rate. Therefore I’m keeping a close eye on those metrics. In any event, I hope we can all agree that we’re in for a bumpy ride ahead. That’s why I wanted to showcase one of my colleagues trading strategies where he is able to cover both the long and short side of the market simultaneously, mitigating his risk, while keeping open the possibility of seeing a 100%+ increase in his option premiums. If you haven’t guessed yet these are called ‘strangles’, and David Hochman is somewhat of a ‘Maverick’ at finding which stocks that are going to be the most volatile in any given time. How does he do it? Dave is somewhat of a quant, meaning he looks at the market mainly from a probability standpoint more than anything else. I’m talking about percentages, averages, algorithms and the like. Dave and I will be going live today, 12:00PM EST in [The Workshop]( so make sure you’re there! Now with that let’s get to the Hustle! This week, I’ll be covering: - GM - Auto’s To The Moon?! - D - One Letter; Major Liquidity! - CHPT - EV’s For A 378%+ Whirlwind!? [Read this week’s Wall Street Hustle]( But first, let’s look at some recent smart-money plays that I brought to my readers attention: Back on 5/26/22 I alerted my [LottoX Members]( to: CHPT Long Contract: $12 Calls Ethan likes the EV space and sees these as having ‘upside potential’. Ben aso saw a ‘boatload’ of call option activity in the stock on the Dollar Acae Scanner. These are trading around .23 each. And sure enough, the contract saw price action into the next day that brought the options contracts to 1.10 each! AAPL Long Contract: $145 Calls Ethan has been watching this stock and has seen that it broke higher today. He wants to get this one on a pullback if that happens. These are trading around .86 each. Now, BOTH of these throwbacks came from Thursday’s LottoX Live session. If you aren’t a member yet, consider saving on a year of access today.. [CLICK HERE TO JOIN LottoX]( Okay, that’s enough looking back… Because as much as I hope these helped you find some winning trade ideas, I want to talk about what’s cooking now in the Fat Cat Kitchen… GM GM, like other names in the vehicle space, has been trending up the last few days. And like these other auto names, GM crossed at and above its 20 day SMA with a clean close about the moving average and the short term resistance level around $38 a share. What is more… [Keep Reading to see the specific GM trade I’m eyeing, and what I’m seeing on D…]( Ben Sturgill [Alternate text]( [Image] [Facebook]( [Twitter]( [Instagram]( [LinkedIn]( RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Manage your email subscriptions.]( © Copyright 2022, RagingBull DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at [(. 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