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.

NIO (200%+) -- 28c after vwap reclaim .60 to 1.80
SPI (200%) -- 12.50p from 1.2 to 3+
SPI (1000%) -- 10p from .1 to 1.30+
ZM (100%) -- swing from last week 500c 17 to 40
AMZN (100-300%+) -- 3350c off the 3280 gap fill $13 risk to $10, hit $31, and if swing overnight has potential for $50-60

Today’s Watchlist

Nice plan for dip and rip on some names but overall mixed action. Overall looking for more upside but will need to see any dips that come hold.

SPY -- Nice plan for dip and rip off 344 level. as long as 347/348 hold after any open dips, thinking we could see a push 350+ -- LEVELS: 347.80, 349.80, 352
BA -- Max cleared for flying in Europe. Watch dips 168-170 for 175+ possibly 180-185. If fast push on open into 180-182 will look to get short with size for 2-5 pt scalp -- LEVELS: 162.50, 166.50, 168.50, 174.50, 180, 182, 195
AMZN -- watching dips to get long for 3400+ or pushes on 3400-3420 fail on open for a short. -- LEVELS: 3290, 3320, 3375, 3422
ZM -- Great scoops yesterday on swing long and weekly scalps. Looking for dips for more upside or push into 455-460 on open to get short for profit taking. new all time high rules in effect, BUT be careful in case we get another NFLX. overall, could be start of multi-day move into 600 -- LEVELS: 508, 526, 538, 548, 560, 577, 596, 608
NIO -- incredible strength watching for reaction to 29.50-30.50 area for a possible short, but shorts are likely trapped bigly now, and we could see a big squeeze setup. happy to scalp that squeeze. -- LEVELS: 26, 27.80, 29.50, 30, 31.30, 35
HTZ -- up on debtor in possession financing. Watching for exhaustion to get short -- LEVELS: 1.10, 1.45, 1.60, 2, 250, 3.10, 5.50

Post Earnings Plays

FSLY -- mixed action. shelf offering which isn't dilutive but is indicative of insiders wanting to sell. if 85 breaks, I will scale up large for dump into 77-80, otherwise watch out for dip and rip squeeze over 95. lots of emotion on this one. -- LEVELS: 57, 74, 77, 85, 91, 94.50, 100, 110
ISRG -- Would like a dip and rip long off 680-700 -- LEVELS: 678, 696, 710, 721

 

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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