[Top Trade ideas] SIGA Finally Ready to Crack?

Good morning trader! Here are our top 3 trade ideas today. These setups look primed! Be the best prepared trader on the Street! 👉 MyMD Pharmaceuticals, Inc. (MYMD)* Is trading at a MAJOR SUPPORT level! 👉 Jason Bond thinks SIGA is finally ready to Crack 👉 Davis Martin Doesn’t Short SPY in the hole, Will be waiting for a Long Scalp Setup Before we jump in… *This is an Issuer-Paid Advertisement, See Disclosure Below Jeff Bishop’s Bullseye Trade Idea in Amazon (AMZN) Up Over 50% in Less Than a Week! Last Monday, Jeff Bishop broke down his Bullseye trade of the week in AMZN LIVE. The put options exploded on Friday, as the market finally pulled backed as Jeff had expected. Here’s what happened: Here’s what Jeff Outlined on Monday: I hate to say it, but I am seeing a lot of stocks running out of steam right now. I think the market is going to take a breather soon and stocks are going to pull back, at least for a while. The major averages are up around 20%+ since the lows we saw in June. This is a perfect "bear market rally" and it is getting top-heavy at this point. We saw a record number of short sellers cover their positions last week and it fueled another big gain for the market. I don't think we will have that luxury again this week to propel us higher. While the QQQ is up over 20% from the lows, would you believe that AMZN has rallied 40% in the same time? That is an amazing run for a company that is worth $1.4 TRILLION now! My Trade Details: - AMZN Sep 2 2022 140 Put near $3 - Stop : Close above $146 - Target : $133 As always, I will go over my thoughts on this trade live @ 11am EST every Monday - so please join me and hundreds of others then! Jeff usually swing trades, so most of his ideas are for a timeframe of a few days to a few weeks. This is the type of detailed analysis you can expect from a 20 years Veteran. Don’t miss Jeff breaking down his next Bullseye trade idea [LIVE at 11am](. He’ll also go through what else he is seeing in the market and take you through some options strategies. [Click here to jump in the 360 Wallstreet chat room]( Sponsored By 👉 MyMD Pharmaceuticals, Inc. (MYMD)* — a clinical-stage pharmaceutical company that develops drug products targeting aging, age-related, and autoimmune diseases. Friday was a significant down-day in the market. It was a risk-off day with tech and speculative stocks getting the Kibosh. There was only one green sector on Friday, and that was Healthcare. Check out the Heat Map Below According to Finviz. Despite most stocks finishing red, MYMD finished green on the day, not much, but up nearly 1% on the day. This is a classic trading setup known as[Relative Strength](. If MYMD can't go down on a significant red day, what is it likely to do next? In my opinion, it's probably more likely to move higher than not, riding the wave of strength in the Healthcare sector which continues to be hot as you can see most of the green stocks in the heatmap above. Technicals Since the end of June, MYMD jumped up over 200% at the peak. That's a significant move in less than 2 months. From the highs of around $6.14 MYMD has fallen to the $3.40 area. It is now down around 43% from the highs in under 2 weeks. Given its meteoric rise, this is not unexpected. As traders, we love volatility. This is the best entry the stock has given for a while, as it is now at a major support area at around $3.40. Now, Why is this a major support area? The last time it was down here, MYMD moved from $3.40 to over $6 fast in early August. There is clearly demand in this area; somebody appears to really like the stock at these levels. Not only that, but from $3.40 there was a move to over $5 in March 2022 and to around $10 in 2021. Historically MYMD does not hang below $3.40 for long, if at all. This pullback is a great opportunity to look at the stock again, especially if you missed the first rally. $3.40 is a SIGNIFICANT level. I can count at least 8 times the stock has hit that level in the chart above, and only a 2-month stretch where it traded below that. Looking at the chart, there are not many better support levels to trade from. Add that to the fact that MYMD showed relative strength on Friday, we could see a significant bounce from here this week. *This is an Issuer-Paid Advertisement, See Disclosure Below Jason Bond thinks SIGA is Finally ready to Crack The momentum stocks that have been strong off the catalysts are finally starting to fade. We saw the air come out of a lot of these on Friday. After running from below $8 in May, SIGA was trading over $26 last week. Jason thinks the pullback over the last few days is just the beginning. He sees the next REAL support level at around $15, which leaves more than $7 of downside from SIGA’s trading price in pre-market of the mid 22’s. Even though IV is high (which means options are expensive), Jason is looking at buying the puts if the moves comes quick. On a stock up as much as this, the backside of the move can be extreme, just look at the move in SIGA on July 29. In this case,. the old trading adage staircase up, elevator down comes to mind. Keep your eyes on the alerts in the[360 Wall St chat room]( as Jason Bond posts his entries and exits [LIVE!](  Davis Martin Doesn’t Short SPY in the hole, Will be waiting for a Long Scalp Setup SPY is down over a percent (as I’m typing) and testing 20 MA + 21 EMA support on the daily chart. The RSI (2) is testing deeply oversold. Resistance: 417.50, 417.78, 417.90 Support: 417.45, 417.21, 417 I very rarely short anything when it’s down 1% or so. Also, that 20 MA and 21 EMA support are too close for me to be comfortable shorting SPY. I’ll be looking for a 3 / 8 EMA crossover to the upside above VWAP to trade SPY Calls this morning. I'll consider today's audible if SPY pops about $1 / share ahead of the opening bell. [Here is your direct link to the 360 chat room]( To your success! 62 Calef Hwy #233 Lee, New Hampshire 03861 United States Questions or concerns about our products? Email [Support@360.com]( © Copyright 2022, RagingBull - Refund Policy - Privacy Policy - Terms & Conditions  *THIS IS AN ISSUER-PAID ADVERTISEMENT, SEE DISCLOSURE BELOW*ISSUER-PAID ADVERTISEMENT. MyMD, Inc. 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