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What Happened? A Recap of Stock Market Watchlist for 24 Dec 2018 

 December 25, 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.

I’ll be on vacation this week.  Today is a half day.  I wish everyone a very very Happy Holiday!

UPDATE on the 2k-50k Challenge

Super short list today.

PLEASE BE CAREFUL and if new consider trading smaller size or just watching.   Today could be very thin and we could get wide ranges or pinned in a tight range.  Don’t force a trade and its ok to take the day off.

General market thoughts

Still watching for that bounce, but until then keep doing whats working which is the short bias.  May not trade or if I do, likely just SPY today with puts.  I’m leaving for the airport shortly.

300-600% winner!

SPY

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Pre-market Notes

SPY hit 238 in premarket. Looking for a push on 240 to test and fail to get short. We may just dump at the open into 235. Overall the break of 240 is very bad imho. IF SPY reclaims 240 and then 242, we could see a rally into 250, but until then downside is very much intact.

Recap

Perfect read. Got small shorts at the open. nice covers and then reload on the 240 test/fail. Got into 237p for .35 these hit over $2 into the close. Unfortunately hard to pack, travel and alert. [/vc_column_text][/vc_column][/vc_row]

PRGO

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Pre-market Notes

Looking for more downside if market is weak. We may see 32-35

Recap

Nice selling but not the kind of panic selling I was looking for. no trades. [/vc_column_text][/vc_column][/vc_row]

CAG

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Pre-market Notes

May want to become a teenager.

Recap

no trades but nice selling [/vc_column_text][/vc_column][/vc_row]

TSLA

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Pre-market Notes

Watching for reversal

Recap

sold off with market no trades [/vc_column_text][/vc_column][/vc_row]

AMD

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Pre-market Notes

If market gets strength I'm also watching for a reversal

Recap

sold off with market no trades [/vc_column_text][/vc_column][/vc_row]

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

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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