$ARKK is resolving higher from a bull flag, small caps are back in gear, and Bitcoin is flirting with all-time highs.
All of this speaks to a positive environment for risk appetite.
And today, it’s been all about space and exploration — at least in my trading account.
These stocks are mooning. Pun intended.
The ARK Space Exploration & Innovation ETF $ARKX just printed fresh all-time highs.
After a failed breakout attempt earlier this year, price is finally reclaiming that shelf of former highs and piercing through it with authority.
The path of least resistance is clearly higher, and I want to be involved in the top names.
These stocks were leaders in 2024, and this year is no different.
When I look into some equity vehicles, the stock I like most isn’t even in the ETF — but it does play a big role in the space story.
I’m talking about AST SpaceMobile Inc $ASTS.
I’ve been pounding the table on this one for months. Just last week, it surged 35%, breaking out from a tight VWAP pinch setup.
It looks like the move I’ve been waiting for is finally here.
With 27% of short interest, the bears are getting squeezed.
I love that!
I’ve been patient — and now it’s paying off.
I just locked in some profits on my $ASTS 6/27 $30 calls. We put this trade on back in May for Breakout Multiplier members. That play just hit a 7X return. I've unlocked the trade for you here.
It’s been one of my best trades this year, and the best part is there’s still room to run. I think this is only the beginning of a new leg higher for ASTS and the entire space trade. I have a feeling we’ll buy more calls in the future.
