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

If you are having trouble with trading options, figuring out trades plans, choosing a broker, reach out and ask for help.  Send me a msg in discord or twitter.

Good morning.  Hope everyone had a great weekend.   Be sure to read the recap if you haven’t yet. Sorry for the short list today.    Seems like we have a lot of wait and see.  I might not take any trades until after the first hour and we get some trend.

As usual, watch discord for updates.

General market thoughts

Crazy week last week.  Everyone I’ve talked to more or less assumes we are going lower.  I think they are right but we will have bounces here and there.  So far we are getting some bounce in premarket.

I still think the market is in a precarious spot and good news isn’t trusted.  Lots of headline risk and lots of volatility which means we have lots of opportunity.  Also UVXY may setting up a monster cup and handle.

Great reads and alerts in discord today mostly focused on SPY and AAPL.  Basically we broke lower, found support and pushed higher.  NIce bounce, but I don’t think we are out of the woods. 

multiple 50-200%

SPY

Pre-market Notes

Looking for 265 retest and 262 break. If we clear 265, will watch to see if its trendy or choppy to get a bias.

Recap

Missed the short off the open but great idea. Tested 264s, broke 262 and dumped into 259. I did get some short one the 262 break. Also alerted long entries for reversal on the 260 reclaim.

60%

AAPL

Pre-market Notes

based on general market

Recap

Chased a short on this, thinking we were going to get much more downside given the china news and ended up eating a small loss (20%). AAPL showed some good strength today when it failed to make new lows with the market. That was key to getting long and then getting the CNBC pump for the big push(80-100% gain).

NFLX

Pre-market Notes

based on general market

Recap

NVDA

Pre-market Notes

based on general market

Recap

MSFT

Pre-market Notes

based on general market

Recap

GBT

Pre-market Notes

Offering out and expects to close Dec 11. Will be eyeing dips and volume for a long.

Recap

Nice dip and hold. Offering should complete on Tuesday and then lets see where things land

TSLA

Pre-market Notes

Popped and faded on Friday lower than I expected. If we pop and create a lower high will look at puts. Candle looks ugly on daily. I'd love a yank bank into 330s for a flip back to the long side.

Recap

Held very well on dips. Seems like it wants higher, but just tough to do a directional trade for more that 3-5pts.

Earnings Action

ULTA

Pre-market Notes

Dumped right into a support area, going to watch for a day 2 dump or a retrace. currently lean toward a small pop

Recap

sold off and grinded back

LULU

Pre-market Notes

chart looks awful, if the right setup forms, would like to get short for gap fill, but also not oppose to scalping this for a few points to the upside.

Recap

sold a little bit and held, was really hoping for a short for lod break but missed entries and so left it alone. There will always be more trades, so if you don't get the entry in your plan, better to skip the trade and preserve capital.

China names

not watching today

Pot names

not watching today

 

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