Good morning. Took a big hit yesterday on SPY theta only to see SPY rip ah. Market makers got me good. May or may not trade today to get my head back on straight.
General market thoughts
Market was gapping last night, only to dip back in premarket. Not trusting long or short at this point.
SPY -- 277 seems to be new support that needs to break for down size and 279 for push test 280. -- LEVELS: PCG -- Gapping and working its way toward 20. congrats to any dip buyers yesterday -- LEVELS: PDD -- Looking for some profit taking at some point to relong. Want under 28, ideally closer to 27, but not sure I get it. -- LEVELS: NWL -- Downgraded to junk status. Looking for more downside with risk vs 17.50 -- LEVELS: MAT -- Watching pop to fail for 13.20 break to retest 12 or less. -- LEVELS: KNDI -- Looking for dips to rip into 10-11 and then stalling for start short. Remember don't chase this long. It can dump but so far like dips with risk vs 7.80 or 7.50 levels. -- LEVELS: STZ -- Eyeing pops to get short target 160, if dip on 163-165 holds, may take some long. -- LEVELS: EA -- Push on 100 fail for more down side. Could see dump back into 92-95 area. -- LEVELS:
DPZ -- Big gap down. Looking for 262-265 pop in premarket to build short target 255. If 253 breaks, could see 240-245. -- LEVELS: JACK -- Like dips on 81 for push on 83-84 but so far early volume is too little to trust. -- LEVELS: CVS -- If push on 66 test and fail, like potential short for dump into 60. Big support at 60 and 63. -- LEVELS: CAR -- Like dips vs 32 for short squeeze over 33. -- LEVELS:
Good luck everyone and safe trading.
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