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What Happened? A Recap of Stock Market Watchlist for 28 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 trading, 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 moves this week are inline with my expectations as mentioned in the Bulls Feel the Chill post.   Nice gap up early today.   But also since it is gapping in premarket we have to be careful. Plans currently reflect continuation idea, but if the pushes fail, we may get selling again and have to be prepared for that and watch for any low of day breaks that hold to switch to short plans.

I’d say planning and thoughts were right on the money and then we got Powell’s comments to give us the boost for the last half of the day.  If you found this watchlist helpful, please retweet/share with your friends.

AMZN

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Pre-market Notes

quick dip 1580 on open and ten rip over 1600 for 1630.

Recap

Didn't get the 1580 dip I wanted but did get basing on 1605 and then hod break with Powell comments giving the extra umph to get a 80pt rocket move [/vc_column_text][/vc_column][/vc_row]

PCG

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Pre-market Notes

any pull on 26-26.50 want to get some 30c but 1/4 size since it is a chase.

Recap

Right on the money!!!! pulled to 26.35. Grabbed some 31c based on option flow expiring late december. [/vc_column_text][/vc_column][/vc_row]

AMRN

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Pre-market Notes

Impressive dump into 16 and rally. will be eyeing dips and looking into those long dated options we saw lots of flow in a month or two ago.

Recap

Nice dips sub 17. Didn't find option flow I wanted to get behind so no entry yet. [/vc_column_text][/vc_column][/vc_row]

NVDA

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Pre-market Notes

like dips on 154 for a breakout over 157 for 160-162

Recap

Almost perfect got dips to 153.50-154 and then ripped to 159 and eventually 160 by end of day. [/vc_column_text][/vc_column][/vc_row]

TSLA

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Pre-market Notes

Based on action yesterday and defense more TSLA shorts may have been caught. Looking for a dip and hod break to get long.

Recap

Consolidation day and didn't like action so no long entries. [/vc_column_text][/vc_column][/vc_row]

AAPL

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Pre-market Notes

Will be watching option flow but dips on 174 for a push and move on 180. We also saw some option flow come in on 180c at $1.60

Recap

OMG!!! almost perfect. only got dips to 175 and then when Powell comments came in I grabbed 180c for 55c. Calls reached $2.35 end of day. Watching for gap up push tomorrow or weak open r/g. [/vc_column_text][/vc_column][/vc_row]

TWLO

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Pre-market Notes

if CRM holds and grinds today, I want to get 90c or 95c for a run up into 100+ over the next couple of weeks.

Recap

Nasty gap up and fade into 86. I hesitated to get long on the basing but should have. ripped into 92 by end of day [/vc_column_text][/vc_column][/vc_row]

Earnings action

CRM

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Pre-market Notes

Impressive beat and raise. Looking for continuation and push into 142-143 and if that stalls, take short for some profit taking. Thinking this can turn into an all day seller OR if market is tired of selling a steady grinder higher after some profit taking. I'll be using price action on this ticker to get a feel for market sentiment. Any fast dip and bounce off 134 I like for a long

Recap

Nice yank and dump on open. I was off by the bounce spot. bounced off of 132 instead of 134. Once it started moving one could have got into 135 calls for $1-1.50 which ended the day at $6. [/vc_column_text][/vc_column][/vc_row]

BURL

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Pre-market Notes

nice gap. looking for dips 155-156.50 to hold on open for a long

Recap

panic slam on open but based on 155s and then had eventual climb to almost 170!!! [/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

165-166 is long term support, any push into this area, I like for a short.

Recap

no push so no short. [/vc_column_text][/vc_column][/vc_row]

JD

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Pre-market Notes

eyeing dips for higher but we did just fill the previous gap down so will watch for a move both ways.

Recap

Got some JD sub 21 but it just could get a rally so I exited for small gains. [/vc_column_text][/vc_column][/vc_row]

PDD

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Pre-market Notes

Recap

No trades [/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 it 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 black box stocks 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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