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What Happened? A Recap of Stock Market Watchlist for 13 Dec 2018 

 December 14, 2018

By  spectre_trades

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.  Totally not trade related but just a reminder if you want to change healthcare plans I believe the deadline is coming in the next couple of days.

Be sure to read the recap if you haven’t yet.

Check out how to find premarket gappers using black box stocks 

General market thoughts

I think we are in sideways chop.  Hard to get a strong lean in either direction. Overall market is continues to be in a delicate spot and struggling to move over 270.  I had too much long bias yesterday and I got hurt on a couple of trades on it.  I’m short biased as long as UVXY remains over 60.

We did start seeing some call flow yesterday come in indicating money is starting to take on some risk again and anticipating a rally into January.

SPY

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Pre-market Notes

265 and 268 are the key levels I'm watching, if we reclaim 268 we might get the push into 270+ I was looking for and if we break 265, more downside. I think we got spoiled with the big 7-10pt days that trading and planning for 3pt moves has become more difficult.

Recap

We broke 265 so and are gapping down in ah/premarket. Got chopped a couple of times on the short. Hate being right and red. [/vc_column_text][/vc_column][/vc_row]
300-600%

XPO

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Pre-market Notes

Recap

Alerted in discord that short report was out. the 57.50 puts on that alert went from $2 to $14 at peak. I alerted exits at 7 and then scalped in and out with final alert in 51-52 area that buy volume is coming and done with shorts on it. Great all day seller! [/vc_column_text][/vc_column][/vc_row]

AAPL

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Pre-market Notes

Eyeing with market

Recap

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MSFT

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Pre-market Notes

Eyeing with market

Recap

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TSLA

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Pre-market Notes

Another upgrade. Looking for profit taking on gap up on open and then dips to go long. If volume comes in and we hold over 370, I may chase some long for that 380 test/breakout for 400.

Recap

Another situation where I got long but the chop took me out. [/vc_column_text][/vc_column][/vc_row]

CORT

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Pre-market Notes

Watching fo 16.50 - 17 level to hold, if it does, we could get a sharp move back upward.

Recap

no trades. basically it based and held. [/vc_column_text][/vc_column][/vc_row]

NBIX

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Pre-market Notes

failed drug trial. Looking for a push(72-75 levels) and failed momo to get some 70 puts if cheap enough. may even yolo 65 puts.

Recap

Great read for short, but not enough selling to be worthwhile on the options. [/vc_column_text][/vc_column][/vc_row]

GE

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Pre-market Notes

Ripping on buy upgrade in premarket. Maybe a bottom has finally been put in. Will be eyeing for profit taking short and then possible flip long. There is def potential for a short squeeze here.

Recap

Nice squeeze and move, but the push failed. Had nice gains on calls but those went red. [/vc_column_text][/vc_column][/vc_row]

Earnings Action

TLRD

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Pre-market Notes

Nailed short entry on this in ah yesterday and dumped well beyond by targets. Grabbed some long at 14.80 but so far this is not gapping over 15 like I was planning so probably cut this. Overall I'm long biased on dips but if this continues to meet heavy selling, I may join a short for .50-1 gains.

Recap

Nice alerts for the sells into 15.20/15.30 and flip short for 14 target. [/vc_column_text][/vc_column][/vc_row]

China names

not watching today

Pot names

Given Farm Bill passage, back on the watchlist.  Watching for possible runs and then trend fails.

NBEV

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Pre-market Notes

Looking for 6.60 area to hold and if it does we may see a run up into 8 bucks

Recap

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TLRY

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Pre-market Notes

Watching dips, there was some 90 call flow for this week

Recap

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CGC

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Pre-market Notes

Watching for a break out over 33

Recap

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If you’d like a free trial of black box stocks and chat with me on discord, be sure to message me on twitter @spectre_trades.

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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