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 -- KEY LEVELS:
AMZN -- looking for a push on 1760 and if that fails will consider a short. Should find some support around 1720s -- KEY 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. -- KEY 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 -- KEY 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 -- KEY LEVELS:
TTWO -- rangy between 129-132. I've got mixed thoughts on this one and don't trust the push just yet. -- KEY LEVELS:
ROKU -- so far weak on profit concerns. Watch for 49 break if it comes which may invite some selling. -- KEY LEVELS:

Pot names

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 -- KEY LEVELS:
CGC -- Looking for 48 area to get short -- KEY LEVELS:
CRON -- wathing if we get 10.50 or not. like shorting any push toward 10-10.20 -- KEY LEVELS:
STZ -- nice upgrades and we didn't get a strong pop so if pot names rally I think this can get a boost -- KEY 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. ** 

 

I use BlackBoxStocks tools such as option order flow and scanners. You can also find me at #spectre at Blackbox's discord server where I provide commentary and alerts.  Join Us

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