Good morning all.

Make sure to subscribe to BlackBoxStocks for the option flow and option flow alerts. Trading is a business, make sure you have the tools to support it. Only takes 1 good trade to pay for a year’s service.

If you want to learn how to trade hands on using the watchlist and Spectre’s methodology, check out the Two Hour Trader Program

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.

Watchlist

Market weakness into the close yesterday with some names having follow through downside. The big unknown is do we have follow through selling or dip and rip on the open. Market is acting a bit weak but some individual names are ripping.

SPY -- watching for dip and rip off 354/355, but if 354 breaks can get ugly. Briefly dipped under 355 overnight. -- LEVELS: 344, 351.30, 354, 356.60, 358, 361
BA -- Turned into sell the news event. if 200 breaks can pull back into 190-192. otherwise look for rip back on 208-210 if 204 clears -- LEVELS: 181, 190, 200, 202, 208, 217
TSLA -- Strong buying yesterday and more or less ignored market dump. Looking for dip and rip over 504 into 520s -- LEVELS: 465, 480, 486, 504, 525, 550
SQ -- gapping with upgrade to buy and 300 PT, will watch for market disconnect and trend -- LEVELS: 180, 182, 185, 188, 190, 195, 199, 205
SHOP -- buy upgrade, has potential for a rip -- LEVELS: 910, 9310, 952, 970, 990

Post Earnings Plays

SONO -- small short float. ideally gets fast profit taking into 18, and then rip over 20 to trend toward 24+ into tomorrow -- LEVELS: 15.30, 17, 18, 19.80, 20.80, 22.50,24
NVDA -- Nice beat but got sold. got PT upgrades. -- LEVELS: 495, 518, 525, 536, 545, 550, 565

Save the Date — Webinar coming on Wednesday

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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