Good morning all.

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Previous Watchlist Highlights

You can find great potential trades based on the watchlist.  Combining price action, watchlist levels, and option flow can yield great results.  Here are some highlights.

TIP: Pay attention to the tickers you don’t normally see are added to the list, usually outsized results can be found.

NFLX (100%) -- 570c from 5 to 12. much bigger miss on short side
NFLX (200%+) -- Missed this trade setup. had too much bias. 550p on 562 push fail for 555 break. 4 to 14
NIO (700%) -- 27c on open .15 to 1.10 for the 27-30 target.

Today’s Watchlist

Was unprepared mentally to scale short yesterday on support level breaks so missed big opportunities. Levels were spot on but I didn't prepared short trade plans and instead waited for support levels to scalp long for small gains. Looking for dip and rip on open but watch for one more potential panic dip if lows break. Be careful on swings as more rangy volatility should be expected as we move closer to elections.

SPY -- 348 level broke yesterday and we got the 344 level in premarket. Previously whenever SPY has had a 1000pt drop its bounced. so I'm looking for dip and rip off 344/343 levels, but if 343 breaks open to drop down into next support levels for the bids. -- LEVELS: 338, 340, 343, 345, 348, 354
NFLX -- Frustrating short miss. Once it broker below 555 game over. dump down into the 540 support area. watching if 538 support holds. e/r is next week so still may get run up on btfd, but idea looks wrecked now, Thankfully had stops on longs yesterday on vwap(rules are important). watch key levels and reaction on support levels -- LEVELS: 517, 526, 538, 541, 550, 561, 582
AMZN -- Watching for dip on 3250-3280 for gap fill and then possible bounce. If that level breaks could get ugly. -- LEVELS: 3130, 3260, 3300, 3400, 3430, 3510
TSLA -- nice relative strength all day into yesterday's selling. looks like on verge of breakout. like 470c on dips -- LEVELS: 440,445, 452, 456, 469
NIO -- Great plan from yesterday. News out on big backlog. overall 27 and 26.50 levels need to hold. looking for 28+ pop, break of 26.50 and I'll consider short for yank into 25. -- LEVELS: 23, 24, 27, 29.50 , 31.50
WKHS -- Overall still has weakness and thinking sub 20 can come. needs volume break of 21.80 -- LEVELS: 17, 20, 22, 23, 24.50, 26.50
SPI -- Watching dips and if support on 13 can build, if so can see a crazy rip. Overall big pic this is likely a short after morning action fails, but in midst of a short squeeze. Keep an eye on discord -- LEVELS: 7, 9,10.50, 12, 12.90, 14, 16, 20, 22, 28

Post Earnings Plays

FSLY -- will be looking for support for a swing long. some down grades, so let see if support at 85 or 75. if 75 breaks could get very nasty -- LEVELS: 57, 74, 77, 85, 91, 94.50
TSM -- beat but profit taking. if 86.50 and 85.80 supports break can see 80-82 -- LEVELS: 75, 80, 82, 85.80, 87.50, 88.50, 90

 

if you want an idea of how to trade the watchlist checkout https://youtu.be/L94u8bHZUk4

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.

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