What I’m Watching for the Week Starting Nov 28, 2022 

TSLA - Reclaimed 180, but 200ma on hourly acting as ceiling

Positives

• 180 Reclaim
• many traders scooped sub 170
• Twitter reaction may be fading

Negatives

• Rejected 186 overnight and under 200ma on hourly

Plan

Watching dips this week either on 180 to hold targeting 190-195

SPY - Reaction to 200dma 

Negatives

• Multi-month Trend line at 409
• 200dma at 406
• Rates still increasing
• Record Thanksgiving Sales(may get negative reaction) 

Concerns

• Market acting like it wants higher despite rate increases
• Recipe for a short squeeze may develop

Plan

406 and 409 are key levels I'll be watching for short entries targeting end of Jan for payout

NOTE:  Looking at 3600p for Jan for $10 if I can get filled

EVENTS This week

Economic calendar:

Nov. 28: Dallas Fed manufacturing activity index

Nov. 29: Conference Board consumer confidence; FHFA house price index

Nov. 30: ADP employment; MBA mortgage applications; third-quarter gross domestic product; wholesale and retail inventories; pending home sales; JOLTS jobs openings;

Dec. 01: Personal income and spending report, including PCE; weekly jobless claims; ISM manufacturing

Dec. 02: Monthly jobs report

Fed calendar:

Nov. 28: New York Fed’s John Williams; St. Louis Fed’s James Bullard

Nov. 30: Chair Jerome Powell; Governors Lisa Cook and Michelle Bowman

Dec. 01: Vice Chair for Supervision Michael Barr; Dallas Fed’s Lorie Logan; Bowman

Dec. 02: Chicago Fed’s Charles Evans