Monthly Recap: February 2021

February was a historical month that changed Wall St forever. Wall St Bets a reddit group took mainstream media by storm with the short squeezes coming from the infamous GME and other sympathetic stocks with high short interests including AMC, Nokia (NOK), and Blackberry (BB). With monumental gains that occurred within a single week, retail traders had successfully proven they have become a force to be reckoned with. Trading Solutions alerted GME and AMC a day after the squeeze begun and took apart of the revolution, embarking in the changing of the guard from hedge funds to retail traders. In addition to the short squeeze that shocked Wall St, Trading Solutions alerted BTC at (35k) before it broke to new ATHs (all-time highs) a couple days later. Once again, Trading Solutions had yet another successful month with the alerts of GME and BTC.

Top stocks for February 1st-5th: SLV, IPOE, (GME, AMC, NOK)

SLV- Futures contracts for Silver skyrocketed Sunday night as Wall Street bets have been eyeing their next short squeeze. One WallStreetBets user posted “SLV will destroy the biggest banks, not just some little hedge funds” This is suggesting that SLV may see lots of momentum and excess liquidity potentially resulting in an exponential move up. Similar to cryptocurrencies silver has no intrinsic value and rises as demand increases. Although this squeeze is categorized as a “Wall Street Bets pump” from mainstream media, it’s not for certain that this pump is supported by the admins and “degenerates” from the Reddit forum, Wall Street Bets. This SLV pump seems to have come from Twitter users rather than the users from Reddit which was similar to the AMC situation. AMC originally came from Twitter and eventually made its way to Wall Street Bets, pumping the stock 700% the past week. I would remain cautious, but if Wall Street Bets gets ahold of SLV and begins to pump it, expect SLV to test ATHs.

IPOE- With all the recent craze with Robinhood, many retail traders are fleeing to other brokerages. People are calling this the “Robinhood Exodus”. IPOE who’s merging with SoFi which I’ve explained before does have an investing platform for its members. Although SoFi doesn’t have the biggest investing/trading platform, we’ll see an increase in users in the coming weeks. The admins and I are all invested in IPOE and expect huge things to come in the foreseeable future for SoFi.

GME. AMC, NOK- The moves on these highly shorted stocks this past week have been unprecedented and it’s something I’ve never seen before. WSB and retail traders that have traded (GME, AMC, NOK, etc) are joining a movement that is demonstrating a shift in power from hedge funds to retail traders. Not knowing how these stocks are going to trade for this upcoming week, I’ll continue staying on the sidelines rooting for the retail traders and the statement that’s being echoed globally around the financial world and even mainstream media. Although I’ve admired this movement from retail traders, I have become a little worrisome about the markets in the short term. As these stocks continuing squeezing to the upside, hedge funds are forced to cover and sell their long positions causing a broader market selloff. This hurts us, investors, as we hold positions other than these heavily shorted stocks causing us to suffer losses.

Top Stocks for February 8th-12th: BTC, TTCF, SPY

BTC- Continuing to break through resistance levels with briefly touching its previous ATH over the weekend. Look for BTC to continue pushing to the upside and eventually reach our one-month price target of 45k. One stock that is setting up quite beautifully is CLSK (Bitcoin exposure).

TTCF- Technical wise, TTCF is setting up for another run, one month prior to their earnings sometime in March. Depending on the markets, I may consider starting a short term position and ride the momentum wave, and exit prior to earnings.

SPY- Expecting a pullback in the broader markets this week. Technical wise, SPY is testing the top trend line of its three-month price channel and may potentially get rejected. Depending on the price action, it could potentially be a “buy the dip opportunity” if SPY does reject the top trend line and regain support on the bottom trend line.

Top Stocks for February 15th-19th: PSTH, FMAC, LAZR

PSTH- Perishing Square’s SPAC (PSTH) has the largest trust value and pipe when compared to any active SPACS looking for a potential merger. On Friday, PSTH announced a 3 billion dollar increase to its existent pipe, signaling that the potential company merging with them can be quite massive in market cap. One major catalyst investors and traders of PSTH are looking forward to is the annual Perishing Square investor meeting happening on Thursday, February 18th. Many are expecting Bill Ackman and Perishing Square to announce their target at the start of the week, therefore, allowing them to explain the merger in further detail at their annual meeting. I’ve been in PSTH ever since it went on the public markets and I can’t wait as an investor for them to announce their target potentially soon. Potential Targets that have been rumored to merge with PSTH: Stripe, Bloomberg, and Subway

FMAC- Another SPAC that has intrigued me to start a position is FMAC. First Mark Acquisition Corp is quite special due to the management team running the merger. Richard Jeitzmann (CEO) and Amish Jani (Founder of FirstMark) have had multiple successes in the past with guiding companies through the IPO process like Pinterest, Shopify, Draft Kings, and Airbnb to name a few. This is another SPAC to keep on everyone’s radar as I believe they’ll have the opportunity to land a potential juggernaut in the technology space.

LAZR- Technical Play* Going back to the previous alert, the next major resistance is $38.5. Any break above that would bolster LAZR to X>45 above. Still have my swing position and plan on selling this week*

Top Stocks for February 22nd-26th: Crypto (BTC) and TTCF

Crypto- BTC and other cryptocurrencies have been on a tear this past week and don’t look like it’s stopping anytime soon. With more individuals warming up to the idea of crypto and eventually adopting the digital asset, the crypto market will only expand leading to digital currency prices rising in value. Technical-wise, I do see a pullback to the low 50k before resuming hitting new highs. RSI on the last BTC run hit 91.4 before pulling back 7-8k points. I see some resemblance with the current rally of BTC as we are hitting about 84 RSI. Any dip in the short term will be bought up due to the demand of investors flocking to cryptocurrencies but I still believe we’re in the early innings with much more upside ahead. 120k price target EOY?

TTCF- Reports earnings tomorrow, February 22nd. I’m not expecting anything substantial but we may possibly see a potential selloff. Looking for an entry at around $21.5