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Recap for 02 Nov 2018 

 November 4, 2018

By  spectre_trades

Morning was great, but afternoon was a total waste of time.  Ended up giving up some gains since there was no follow through and we went into chopfest.

GE

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Pre-market Notes

support gave way. pops toward 9.80-9.90 for the short

Recap

This was so heavy it didn't even give us a pop to load up short. almost tagged 9 target. swing from 11.30 last week was money. [/vc_column_text][/vc_column][/vc_row]

BABA

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Pre-market Notes

looking for pops to get short they lowered outlook so while trade deal is boosting the stock, will look for exhaustion to take advantage of the gap. There is a chance that investors blow of the outlook and say trade war was cause of lowered outlook, if deal gets done BABA will rock....

Recap

Perfect read. anyone who got short out of the gate on this gap up got paid. remember until a deal gets done and with a lowered outlook, ask yourself why is this up. [/vc_column_text][/vc_column][/vc_row]

AAPL

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Pre-market Notes

downgraded at ML. it popped off the 205-207 area I talked about yesterday right into 212. so like any pops 210-212 to get short for 205 break. IF profit taking/selling event begins and 205 support does not hold the next levels I see are 195 and 185. Market reaction to possible trade deal could put a floor on this around 198-200.

Recap

What a gift for a shove into 213s. Picked up 212.50 puts for around 1.40. End of day these puts were up over 300%. [/vc_column_text][/vc_column][/vc_row]

OLED

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Pre-market Notes

pops over 100, ideally 105-110 for a sell off into 85 by end of day.

Recap

we didn't get the fast pop in pre-market into 105 and it dumped right into 90 and then a grinder higher. I'm kinda bummed I didn't make a plan for the long side. watch the 105-110 levels in coming days to get a short on, IF we get there. I still think this has more downside in it if market gets weak. [/vc_column_text][/vc_column][/vc_row]

NFLX

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Pre-market Notes

eyeing 330 area for a short

Recap

Well it dumped after a small pop. unfortunately I didn't get the push into 330 for my orders to fill. short idea was right but missed it [/vc_column_text][/vc_column][/vc_row]

SBUX

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Pre-market Notes

support mid 63s so far, with positive market reaction, we could see a run to 65-70 with a short squeeze on open. I will definitely be watching for any fast / accelerated move up to get short for some profit taking and gap fill. on the flip side, if trend holds and steady all day grind setup appears, I'll join the long.

Recap

popped right into 65 and sold off at open for a couple of points and then held. [/vc_column_text][/vc_column][/vc_row]

ALKS

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Pre-market Notes

looking to get 35p on open if I can fill under $2. possibility this flushes toward 30-32 with FDA disagreement. so far holding up well

Recap

traded really thinly on options and didn't like risk reward. may flush sub 37 next week [/vc_column_text][/vc_column][/vc_row]

ANET

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Pre-market Notes

any fast dips on 260 that holds I like for a long for 280-290 and swing for 300+, if early push 270-280 and stalls I like for a short for profit taking and then look for it to hold to get long. Will def be watching roulettes today. I don't trust this market bounce but it is definitely needed for some relief and may last a week or two. so maybe we do profit taking on open, pull back test r/g and then rally into close

Recap

nice early push almost to 270 and then dumped. it dumped much further that I expected -- sub 250s so bad planning on my part for where to get long. will be on watch for possible day 2 move higher. if this can grind into new highs and we get market weakness, might be worth an eye for a short. no interest currently long or short in this mid range and with the lower highs on the 15min chart. [/vc_column_text][/vc_column][/vc_row]
THIS POST AND ALL CONTENT ON THIS SITE REPRESENTS OPINIONS ONLY AND PROVIDED FOR EDUCATIONAL PURPOSES ONLY. CONTENT SHOULD NOT BE CONSIDERED ADVICE OR A RECOMMENDATION TO BUY OR SELL A SECURITY. PLEASE SEEK ADVICE FROM AN INVESTMENT PROFESSIONAL.

spectre_trades


Momentum Trader. Technical Chart Analyst. Always on the hunt for 3x or better reward to risk.

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