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Stock Market Watchlist for 13 Mar 2020 

 March 13, 2020

By  spectre_trades

Good morning!

Damn this rally was what I was looking for to happen this morning after the open ideally on a gap down.   So where do we go from here.  Thinking possible profit taken on open BUT we need to see vwap break and then get long for more upside to test previous support levels.

That thought that we were close to near term reversal yesterday seems spot on in premarket here.

Usual suspects(AAPL, NFLX, AMD, AAL) based on price action.

Sorry for short watchlist but everything is moving so pick your poison. We are going to have a lot of range so be sure to keep your sizes in check.

SPY -- Looking for 265 maybe 270 test and fail with support at 255. --
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AAPL -- like push fail into 270-272 to get short. like dips on 255-256 area that hold for a long. --
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DAL -- eyeing dips 35-36 area for a long risk vs 34.50 --
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TDOC -- dips on 124 that hold I'll go back long with 140c for next week. --
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Post Earnings Plays

Overall tickers are so beat down that even if not great, they may rally and may disconnect from e/r momo and track more with market

ADBE -- will trade based on vwap. overall thinking if market holds could easily rip 320. If it does push on 320 and exhausts I'd like short. If market dumps then target 295 --
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AVGO -- trade with market. they withdrew guidance due to coronavirus uncertainty --
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ULTA -- lowered guidance but so beat down may rally. Overall if 198 breaks, will go short otherwise dips on 205 risk vs 200 for the long. --
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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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