Didn’t get much sleep last night. Planning to go back to bed after first hour.
Decent gap down overnight. Need to see if BTFD or if we get actual selling today. I want to get short but last 4 dips were bought up so thinking keep doing that until it doesn’t work any more.
SPY -- 336.60 as key level to watch for upside or fail to get short. 335 and 334 as key support levels.
TSLA -- Nice breakout rejection yesterday on 788. Looking for 720 today which was met in pre market. If 760 push pop on open and fail like short for 720 level to be tested and if that breaks possible flush into 670 area.
AAPL -- held strongly yesterday into market weakness but dumped hard overnight on FTC and virus news. Key level is 325/325.50. If that pushes and fails and we break 321, thinking we could get major selling. Overall daily chart looks ripe for a breakout into new all time highs (ath).
MSFT -- Upgraded. like long on dips , ideally 181-180 risk vs 179 for a swing. If 179 breaks, need to watch for all day sell program with eventual drop into 168
Post Earnings Plays
SHOP -- Monster short looking for any dip on 520-530 area to get long for 550-560+
AMAT -- like dips vs 66 for 68-70, under 66, short.
CSCO -- relative weakness. ideally flush into 44-45 area to get a swing long on
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