Traders,

We have a new trading month ahead of us and a lot of economic data coming out this week which is something I am watching closely after the huge rally across the board last week.

$HOOD ( ▼ 6.63% ) was a great long that Dan flagged last week on a price action setup and there are a few ideas this week that have similar feels to them that I am going to get into.

This week I have 3 new ideas to add for readers: 2 longs and 1 VERY asymmetric short that could play out fast.

One of those names that is new for me is $PLTR ( ▼ 4.35% ) which had a great move the last week and which I still think has more to go. The other is a short on a tech name with a price level that I am watching closely for confirmation to start the short.