GOOGL has triggered its Wave 5 Breakout Buy Signal, referenced in Monday's PRO update. So long as it stays above the horizontal parallel channel shown below, above about $350, it is targeting $500-600 in the months ahead. GOOGL 2-Day GOOGL Jun Calls The $400 strike highlighted Monday is up about 50% from Monday's update, but is still a good value if GOOGL can maintain its momentum over the next six weeks. That said, the $420 strike at 3.00 -3.35 looks tempting as well. SOXS Jun Calls We anticipated dollar cost averaging into the Jun SOXS $20 Calls. With SOXS down today, this is an opportune time to, "average down," especially if going long GOOGL calls as per above. Consider it a "pairs trade" as either GOOGL runs well above $400 or SOXS goes to $25-30, in the weeks ahead.
