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What Happened? A Recap of Stock Market Watchlist for 27 Nov 2018 

 November 28, 2018

By  spectre_trades

Recaps are a review and commentary on the morning watchlist. Recap comments are in blue.

I hope everyone stayed safe today.   If you are having trouble shorting or buying puts, reach out and ask for help.  Send me a msg in discord.

Good morning all.  In case you missed it, big picture thoughts on market are in Bulls Feel The Chill: Where does the market go from here?

General market thoughts

So far expected action of grind higher this week after Thanksgiving is playing out.  CRM beat and raise seems to have helped things, but overall I think sellers are exhausted.

AMZN

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Pre-market Notes

ideally weak open dip and test 1550 and then push over 1580 into 1600s. If market decides to drop then will be watching pops and join trend. I don't see any catalysts so far to drive big moves down at the moment.

Recap

Didn't get enough dip to get long but lots of range today and choppy move toward 1600 [/vc_column_text][/vc_column][/vc_row]

PCG

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Pre-market Notes

Well that popped earlier than expected. Ideally gets some selling under 25 to scoop for a push into 28-29. if we get a fast pop on 29, might take some puts for a scalp.

Recap

Perfect. nice early dip into 25 and then stead grind higher. we also got the mid day dip under vwap for a reload long. [/vc_column_text][/vc_column][/vc_row]

AMRN

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Pre-market Notes

Presenting at a conference today and did a 200m offering. Nice gap down. Will need to see if volume picks up after the conference up or down. I'm surprised at the offering size being so small so the normal dilution effect may be minimized and there is a chance of a short squeeze. Will watch for a trend. so far thinking 18.50-18.80 as a decent short area and risk 50c.

Recap

Total disaster. Got the 18.50 pop in premarket and then pure selling once it got under 17.80. [/vc_column_text][/vc_column][/vc_row]

NVDA

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Pre-market Notes

like dips on 150-151 for push over 155

Recap

Another prefect plan / support area read and move. dipped 150s and then ripped into 157. Should see 160 this week. [/vc_column_text][/vc_column][/vc_row]

TSLA

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Pre-market Notes

Reports that TSLA China sales fell 70%. Should weigh on this. so pops on 342 that fail looking to get short for 330-333. If selling comes in and 325 breaks we could see a dump back into 310s

Recap

Wow. this held. Alerted in chat room that it was holding up far better than expected and we ended up getting a bit a short squeeze. TSLA came out defending their china sales. more shorts may have been caught. [/vc_column_text][/vc_column][/vc_row]

AAPL

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Pre-market Notes

watching for a push on 172.50-173 to fail and get short for new lows or fast dump on 168 and pop back over 170 for a push on 172 on the buying strength. .

Recap

Chopfest. Nailed the early push into 173 for a short and then the dump into 171 support held and covered. The mistake was not flipping long at 172 thought I did take some long later in the day for a small scalp. [/vc_column_text][/vc_column][/vc_row]

China names

China tickers are doing pretty good.  Expecting some run up into Thursday/Friday and then some profit taking / taking risk off into g-20 summing.

BABA

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Pre-market Notes

Recap

moving higher with market [/vc_column_text][/vc_column][/vc_row]

JD

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Pre-market Notes

eyeing any push on 20.50 that fails to get short for a dump back under 20.

Recap

looks like JD wants higher with broader market moves up. [/vc_column_text][/vc_column][/vc_row]

PDD

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Pre-market Notes

Recap

holding and grinding really well. [/vc_column_text][/vc_column][/vc_row]

Crypto corner

Adding crypto to the conversation. What happened here… some are wondering.  Basically we had btc run from under 1k to 20k in a year.  Then in based on 6000 for a few months and support broke.  So its hunting for new support and buyers.  I don’t know where that will be, but 1800-2000 (90% discount from highs) or 3000 a 50% discount from recent support can bring buyers.  I might start dipping sub 10% position in soon.  Would love to get thoughts from @JenLovesCrypto.

 Good luck, Trade Safe. Trade Green. 

Remember to follow me on twitter for updates and on discord for real time comments.

If not a member, please join me at Black Box Stocks for real time updates/alerts.

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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