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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.
PDD (2000%+) -- Watch for dips note, 150c from .20 to 5.50
NIO (500%+) -- 50p from .80 to 6
JD (300%+) -- dips for new ath 90c from .40 to 2.30
MRNA news with 95% efficacy vaccine and china trade deal with other Asian countries causing SPY to rally with early gap up on tech and the gap fill after. Overall expecting mixed market with some profit taking on open and then potential setup for all week rally. Thesis being with 2 vaccines on deck, travel, and in person related names will see inflow and some covid names will see outflow. Somewhat confused by the weakness in tech so if it leads with big selling keep a cautionary watch vs complete bull thesis.
SPY -- Ideally gap fill into 359 and then run -- LEVELS: 353.50, 355, 357, 360, 362.60, 363.80, 366
ZM -- big gap down. Looking for gap fill and fail for 330-360 this week if market rallies on vaccine hopes. On flip side, if market decides to focus on Covid increase we could see a big rip back over 400 later. -- LEVELS: 335, 366, 375, 395, 405, 410, 425
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