Good morning all.
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Likely going to have to wait for opening action. Don’t have a clean read here.
So far nice gap up and bounce off SPY 330. I was looking for 328 for the bounce. The bad thing of being right so often on levels, that when off, it mucks with game plans. Overall looking for som profit taking on the open and then see if market decides to rally, chop zone, or more selling
SPY -- 338s reject in premarket watch 333.50 and 338.50 as our outside band that needs to be breached for direction. -- LEVELS: 320.50, 330, 333.50, 338.50, 340 QQQ -- Been asked to add this index so lets see how it goes. -- LEVELS: 265, 269,271.50,275, 277 TSLA -- Decent gap up but steady selling. Overall thinking may see gap fill on open and then maybe rip into 400+ this week in anticipation of battery day. 360 major level -- LEVELS: 335, 360, 389, 400, 421, 438 ORCL -- Rallied on Tik Tok news and gave a bunch back. lets see if double bottom on 60 and then back over 62 for a trade. -- LEVELS: 58.50, 60, 62, 63.60, 66 NKLA -- Little more detailed rebuttal but not strong ceo quality imho. Was hoping to see this after open and get gap down reversal off 27. We got the 27 target I mentioned last week in premarket today. Overall I'd prefer to short 31.50-32 area vs 32.50, over 32.50 and I expect a big short squeeze. -- LEVELS: 25, 28, 32.50, 36.50 NVDA -- Nice gap on ARM acquisition. Can go either way. Overall I'm leaning toward a short on the open for some gap fill and then if it clears 520 with strength and builds join the long. -- LEVELS: 490, 503, 510, 520, 540 AMZN -- ideally dip and rip off 3130 -- LEVELS: 3000, 3100,3130, 3200, 3280 MSFT -- possible go to short if market weak -- LEVELS: 200, 202.5, 205, 208.5 IMMU -- unless a short squeeze over 88 or profit taking volume this is a no trade. -- LEVELS:
Post Earnings Plays
PTON -- would like a flush on open into 76 in first hour and then go long. Will have to play this by ear. -- LEVELS: 76, 79, 83, 86
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