Recaps are a review and commentary on the morning watchlist. Recap comments are in blue.
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Good morning from Oregon.  Guess who has a quiet house at 5:30 am and while they are quietly sleeping, you know what I’m doing… You got it. Making a watchlist 🙂
I am on vacation this week. I will likely be in and out of the blackbox discord room. I wish everyone a very very Happy Holiday!
Super short list again today.
PLEASE BE CAREFUL and if new consider trading smaller size or just watching.  We could be very thin and we could get wide ranges or pinned in a tight range until next week. Don’t force a trade and its ok to take the day off.
General market thoughts
Let’s see if today is the day for a bounce and if we get an after santa xmas rally. Trump is expressing buy the dip and support in powell/mnuchin. Overall futures looking good or if this turns into a short the pump. We are way overdue a technical bounce at this point imho.
SPY
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Looking for 236 and 233 as my initial guides for a direction. Over 236 then -240-245-250. Under 234 then 233, 230, 220. Watch for failed momentum in either direction.Recap
Wow. Gap up push, profit taking, then failed breakdown/momentum to downside, reclaim vwap and pushed into the levels I targeted. As soon as 240 held, the uber bearish folks had to run for cover. Great volume day. the 238c went from .50 to over $8! [/vc_column_text][/vc_column][/vc_row]JD
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I was short into this Friday thinking gap down, but getting rocked. will cut this for a loss. They announced a $1B buy back which likely puts a floor on this and Theta is definitely not my friend in this trade. May present a short squeeze setupRecap
Great read to get out of dodge on the short. What a move up. [/vc_column_text][/vc_column][/vc_row]TSLA
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Watching for reversalRecap
no trades [/vc_column_text][/vc_column][/vc_row]AMD
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If market gets strength I'm also watching for a reversalRecap
Nailed longs on this. got 16.50 calls for .40 still holding 20% size. [/vc_column_text][/vc_column][/vc_row]If not a member, please join me at Black Box Stocks for real time updates/alerts.
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