General market thoughts
What a run yesterday! So far seeing a bit of weakness… So will watch for weak open red to green move for a secondary push. If that fails will look for potential profit taking/selling for a retrace.
SQ -- So far weak in premarket and had some down grades. if 75 breaks lots of room to downside. So far selling found in 80-81 area and support in 77s -- LEVELS: AMZN -- looking for a push on 1760 and if that fails will consider a short. Should find some support around 1720s -- LEVELS: WYNN -- beat down on earnings. Was hoping for more of a pop. Hard for me to get short here in 97s. Ideally get some pop toward 105. This might be a buy on any initial panic sell for fast 2-3 pts pop and leave it alone. -- LEVELS: ALRM -- beat and raise. If pulls back to 52-53 area and support is found I like for a long. So far double top in 57s. If we get a fast pop over 60 on open I probably will short it for a fade on weakness -- LEVELS: TWLO -- 94 was major support on this yesterday. if that breaks I like it for a short otherwise looking for a dip to 94 and break of 96s for a day 2 rally into 100 -- LEVELS: TTWO -- rangy between 129-132. I've got mixed thoughts on this one and don't trust the push just yet. -- LEVELS: ROKU -- so far weak on profit concerns. Watch for 49 break if it comes which may invite some selling. -- LEVELS:
Amazing how Jeff Sessions resignation added fuel to the fire and we saw a monster rally. Ideally we get a nice secondary push/move at the open to get short on. So far weakness in premarket so will have to wait for volume.
TLRY -- Looking for 140-170 area depending on how it decides to move -- LEVELS: CGC -- Looking for 48 area to get short -- LEVELS: CRON -- wathing if we get 10.50 or not. like shorting any push toward 10-10.20 -- LEVELS: STZ -- nice upgrades and we didn't get a strong pop so if pot names rally I think this can get a boost -- LEVELS:
** I’m thinking of turning this into a printable worksheet with a notes area so one could write down their own notes or levels as the day develops. Let me know if this would be helpful in the comments section or by sending me a tweet. ** 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.