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What Happened? A Recap of Stock Market Watchlist for 12 Nov 2018 

 November 12, 2018

By  spectre_trades

RECAP:  Steady selling most of the day.

So far looks like we are headed to restest Oct lows.

SIG, TIF had interesting moves on reports DeBeers reducing diamond prices.

GS also wrecked today.  Will be eyeing tomorrow.

AMZN all day seller and looks like 1500 coming again.

General market thoughts (this morning)

So far we are seeing some weakness again.  SPY looks like possible double top on 280 and we are headed to test / fill the gap around 276.  Overall I’m worried today will turning into a choppy day and may consider not trading more than the first hour.

GE

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Pre-market Notes

Per the recap I think the easy money is done and will probably move on. If there is a dip on 8.30-8.40 and we clear 8.80 on a red market day, I'll consider some long on dips for a quick scalp.

Recap

Slammed under 8. that looked like exhaustion and lots of defense came out. I got some long under 8 and sold into the push over 8.20. There just isn't any follow through to the upside. We may get some sideways movement moving forward or more downside. [/vc_column_text][/vc_column][/vc_row]

YELP

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Pre-market Notes

eyeing stalling on 32 for 30 break and a dump into 27-28 area. Might nibble some long in that area. if 27 fails 25-26 would be next area. If we break 33, I'll probably get long for a short squeeze into 35-36.

Recap

Steady bids all day with a squeeze up into 34s. 34.90s is rough 32% retracement. I took a small short mid 34s looking to add tomorrow. [/vc_column_text][/vc_column][/vc_row]

AAPL

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Pre-market Notes

gapping down. on JPM small downgrade. expecting some dip buy early and then a pop toward 202+. IF we get a pop on open into 202-204 area and then stalling, I'll consider a short. but I hate gap down days to get short without a strong catalyst. My initial target post AAPL earnings of 185-190 still stands.

Recap

Almost picture perfect. Didn't get the 202 push but alerted 190p shorts for $1, hit 100%. I think we may see 190 this week. [/vc_column_text][/vc_column][/vc_row]

AMRN

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Pre-market Notes

Had news, gapped up on low vol into 26 and then went red. Overall steady selling. expecting pops to be sold. I expect some support around 15-16. If those levels break we could see 11 by end of day. Watch out for early weakness short trap and a rip back into 20. I'll be eyeing vwap rejections to get short or on consolidation support break. but the lower it goes the smaller the size.

Recap

Stayed safe. nailed the alert for watch 21 pop to get short and it dumped into 18. Solid work on that. but then it held and started grinding so no point holding for bigger dump in case of more push higher. Tomorrow will tell more if get finally get a breakdown, but daily chart doesnt look good. This may depend on if AMRN does a secondary or not. [/vc_column_text][/vc_column][/vc_row]

TWLO

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Pre-market Notes

Looking to take advantage of market weakness. If we get a slam into 85-88 area early, I want to get Dec or Jan 95 calls. If slow dip onto 88-90, then probably 100 January calls. Loving this pullback. TWLO in the past has had a 2 or 3 day pullback after earnings before next leg up.

Recap

Wow, what an unwind. I'm bummed I didn't have a plan for this short. Gave back a some of todays gains trying to bounce this until we finally got some relong on 83 for the 85 push. From here, I think we see 80, before we see 90. [/vc_column_text][/vc_column][/vc_row]

ATHM

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Pre-market Notes

Nice gap early but no volume to trust it.

Recap

This was a great example of not trusting gaps on low volume. What a sell off into the open! Given the AAPL focus missed scooping that dump for a scalp up. [/vc_column_text][/vc_column][/vc_row]

China names

Looks like these are being hit by NSA on indication that china is violating 2018 cybersecurity agreement and this could lead to more US sanctions

BABA

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Pre-market Notes

Monster Singles Day results with early pre-market gap up over 146 but that couldn't hold. Will need to watch open for price action / trend. It might be better to wait for first hour and identify a trend.

Recap

Early gap and then dump. We had some call flow but its hard to get bullish since we went lower AFTER singles day results. so will eye for a trade deal to get long [/vc_column_text][/vc_column][/vc_row]

JD

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Pre-market Notes

Really hard to see this under 22. If we dump under 20, I'll probably look to get some long dated calls.

Recap

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PDD

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Pre-market Notes

Per recap notes, looking to get some very long dated call if I get a good risk/reward strike/expiration.

Recap

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Pot names

Overall I’m thinking we will see more selling in Pot names with random pops over the next few weeks until we have a major news event.  It’s probably going to be choppy ride with all the emotion involved.

RECAP: We have earning this week in these names, if the tickers don’t rally on good earnings. watch those pops to get short.

TLRY

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Pre-market Notes

Recap

possible double bottom on 105. I think 120-122 is key for more upside. if we break 105, I think we see 80. [/vc_column_text][/vc_column][/vc_row]

CGC

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Pre-market Notes

Recap

Remember this is up from $6 in 2017 and primarily on the STZ investment. I think earnings reports will give us color, but don't get blinded by thinking there can't be more downside [/vc_column_text][/vc_column][/vc_row]

CRON

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Pre-market Notes

Recap

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** Watch for comments in the black box dicord chatroom.  Good luck, Trade Safe. Trade Green. 

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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