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What Happened? A Recap of Stock Market Watchlist for 26 Dec 2018 

 December 26, 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 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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Pre-market Notes

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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Pre-market Notes

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 setup

Recap

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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Pre-market Notes

Watching for reversal

Recap

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

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.

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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