NOW

I think ServiceNow was one of them. It fell sharply and then eventually closed higher. By the way, this is a stock to buy tomorrow.

For example, ServiceNow was one that had performed well recently, but it was completely crushed from its 52-week high. But in reality, we consider them beneficiaries of artificial intelligence because of their position in the IT infrastructure, and their assistance to companies in bridging the gap, overcoming challenges, obtaining appropriate permissions, and all that.

And they are still growing their revenues. They have a really good balance sheet. It appears that management finally wants to start addressing the issue of stock-based compensation, which is a major problem for them.

But you're buying them at multiples that weren't available before, and the option prices are also very attractive. But of course we are ready to own the underlying stock.

Uh, let me peek at now. I agree now deserves a look. Okay, so now has been the leader in software as a service, right? It's just come in and done so well. Moving off of that edge.

It's still got solid upward flow. Notice it came in, had me reversion on the weekly chart, came right in, and is still bouncing. So, is this one telling us that we've got further upside?

So the short answer is potentially yes. The longer answer is I don't know for how long. And here's why. We have a divergent momentum indicator here that's saying listen we could drift but dips are clearly buy zones here.

Very clearly buy zones. If we look for old resistance and we don't even go down all the way to 90, but we look at, you know, the 120ish area. That's going to be a really nice This would be a great place for Jade Lizard up into the resistance zone.

I just don't know how much um how much premium we're going to get. If we say if we say 125 and what's the top 155 is the call wall. So if we do 155 to 160 that's a pretty sweet credit right for a jade lizard.

And it really is. I mean, it's going to Let me make sure I'm not doing that right. It's going to take only $2,000 of margin, right? And the delta is 11. So there again, room to run with that sort of thing.

My thought is if you're trying to go long here, let the market settle out. If it gaps up and runs, it is going to pull back. and give you another higher low to engage. Do not be concerned about chasing this chart to the moon. It's completely unwise in my mind.

ServiceNow—for those interested in ServiceNow, I'm not very enthusiastic about it. I'll explain that quickly here. You can, because everyone always asks me, "Hey, buddy." Why don't you like ServiceNow?

"I tell them, " Hey man." I don't know why everyone keeps asking me about ServiceNow, but it seems like a lot of people like it. The reason I didn't like ServiceNow is that I wrote this for the course members .