Daily Watchlist Recap 10/26
Today gave us a nice move up after some initial chop on the indices. MU sold off from the open, getting just down to our PT1 before reversing and rallying. TSLA saw a massive breakout, but unfortunately gapped up above our long trigger just 5 minutes before market open. DDOG was our flagship name of the day with a similar breakout to TSLA except we actually caught the move there since it wicked down first. This name pushed slightly past our PT2. See you tomorrow for another stellar day!
Daily Watchlist Recap 10/23
Today turned into quite a slow and choppy day for most of the indices. UBER saw a very nice pullback and trended lower all day exceeding both our downside targets. IOT was slow out of the gate, but eventually made a nice move to the upside coming a small amount shy of our second target. This name looks great into next week! ZM spent most of the day in-between both triggers and did not get any continuation in either direction. Have a wonderful weekend!
Daily Watchlist: 10/23
Good morning and happy Friday! Coming into the day we've hardly got any green names on our watchlist despite the market not being down very heavily. We're open to either direction although as of now the trend lower seems quite clear. No buying the dip unless we're ripping higher intraday. The whole watchlist seems to be smaller account friendly today so that's fun! We've got PMI data at 9:45am and consumer survey at 10am EST. Both of these events are expected to rock the market so beware of those times when trading. Stay safe and keep sizing n check since premiums are elevated!
AM ER: AXP, SLB, FHB
PM ER: N/A
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Daily Recap 10/22
The Nasdaq sold off quite steadily through out the session while the S&P, Russell and Dow Jones had a mostly rangebound day. TSLA saw a very strong breakout right from the open and pushed hard past our PT2. VLO sold off very nicely, but unfortunately I gapped down under our trigger in the last few minutes before open. Today UPST finally got the move we were looking for yesterday. It too like TSLA pushed up in a strong fashion and hit PT2 before pulling back for the rest of the session. Have a nice evening and we'll see you tomorrow!
Daily Watchlist: 10/22
Good morning! Coming into the day we've got a pretty harsh sell off with the market getting pushed down by earnings and geopolitical tensions. We are definitely taking a cautious approach as we've already moved quite a bit on the indices. Lots of gaps for individual names and we've got a spread of names including UPST one more day as it moved okay yesterday. Oil is once again strong while most names in the watchlist are red. Minor news at 10am EST. Stay safe!
AM ER: LMT, NOK, AAL, VLO
PM ER: BE, MRTN, NEM
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Daily Watchlist Recap 10/21
Today was quite the slow first hour, but finally the indices moved up after that for a decent rally. DELL sold off right from the long trigger and did not reach any of our downside targets. HOOD saw a similar pullback, but then started its rally from far too low in order to hit any upside targets. UPST was weak, and eventually sold off into our PT1 below. Tough day out there again, we'll see you tomorrow!
Daily Watchlist: 10/21
Good morning! Coming into the day we've got a mixed bag on the market although all indices are opening green. Semi conductors are leading the move up, which pushes the Nasdaq up the most. However due to last weeks selling, it is starting from a lower point, so the Russell and Dow Jones are already leading the breakout on their daily charts given better underlying structure. We would love for further moves up across all sectors today. Let's see if we can get that. No economic data to look out for today!
AM ER: ABT, T, CME
PM ER: TSLA, META, IBM, LRCX, TXN
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Daily Watchlist Recap 10/20
What a day to follow after yesterday's slowness. We are very stoked on the movement all around from the indices to the individual names. UNH had an absolute ripper to the upside exceeding both our targets. OXY had a very aggressive sell off that pushed down under out PT2 below before recovering a small bit mid morning. BRK/B saw a pleasant breakout that slowly kept structure through the day and finally pushed into the second upside target in the last few minutes of the day. Have a rest and we'll run it back tomorrow!
Technical Analysis: AMZN
Very nice holds and follow through on AMZN! Clean retest of 255.2 yesterday, straight into 1st target at 262.50. This morning, it attempted to get under 262.50, buyers stepped in and sent it straight into 2nd target at 265.26. Over this level, there is still room to 267.93!
Daily Watchlist: 10/20
Good morning! Coming into the day things are looking fairly rangebound on the indices, but with decent looks for a move to happen today. Oil is very strong overnight and some tech names are in the biggest red for the day. We've steered away from tech in general with cleaner setups found amongst other industries. We've got minor data at 10am EST and then a slew of earnings sprinkled in from today but with larger names reporting for the rest of the week. Trade safe!
AM ER: GE, GM, RTX, ALLY
PM ER: NFLX, SPCX, UAL, COF
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Daily Watchlist Recap 10/19
Tough day today to start the week. Indices attempted making upside moves but ultimately got stuck in a range bound chop. This hurt our individual picks too as MU did not even trigger either of our trades there. AFRM sold off in a nice fashion, but our targets were too lofty. SPCE was kind of all over the place today. Just not ready to make that larger move yet that we were looking for. Rest up and we'll try to do better tomorrow!
Daily Watchlist: 10/19
Good morning, the market is showing a nice reversal early this morning, but most of the individual names that we've been watching are still well below their bullish triggers. As such, be cautious today and understand that these setups will probably be lower probability because of that. There's just too much room and we're kicking off a key earnings week after today as well. Trade safe, and keep your risk in check!
AM ER: N/A
PM ER: N/A
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Earnings Calendar
Big tech is back this week with GE, GM, and RTX reporting Tuesday before NFLX and SPCX after the close, TSLA, META, and IBM headlining a stacked Wednesday night, LMT leading Thursday, and AXP wrapping up Friday morning.
Daily Watchlist Recap 10/16
Today gave quite the continuation but not to the upside like we initially expected. The market sold off quite heavily across all indices. HAL gapped above the target, then pulled back exactly to the trigger and shot up. It got within 0.04 of our second target but then pulled back. SE had a proper sell off alongside the rest of the market. HD was strong and moved up from the open exceeding our long targets. This has been an epic week for the watchlist. We really hope you've caught some good moves. Enjoy the weekend and we'll see you Monday!
Daily Watchlist: 10/16
Good morning and happy Friday! Coming into the day we're sitting pretty neutral with a relatively slow overnight session which should leave us with decent opportunity left on the day. Ideally we can continue the move higher from yesterday, but we'll see! Oil is strong overnight so we've got one of those names on the watchlist and we also decided to keep HD on the watchlist for one more day since it looks good still. No data today, trade safe!
AM ER: MTB, TRV, RF
PM ER: N/A
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Technical Analysis: AMZN
Another chart that I am willing to give longs a chance is Amazon - we sent this out last week but failed to get continuation over 262's. Thus far, it has pulled back and the daily could attempt to flip trend here. Ideally would like 252.74 to hold and get over 255.20 with room to 262.5, 265.25 and 268's.
Technical Analysis: META
META looks quite interesting here! Nice hold of this range lows, with the potential of breaking out of this daily bull flag. Looking for 713's to hold, accept over 740 with targets to 769.71, 790, and 800's.
Daily Watchlist Recap 10/15
The time around the opening print was a bit messy on the indices, but eventually a clear long opportunity presented itself as we rallied higher. HD had an awesome day pushing up past our PT2 target. PEP initially moved up into our second target, but then sold off heavily also exceeding our downside targets for the day. UPS much like HD had a very nice upside move getting past both our targets for the day. This has already been a very nice week for the watchlist, but it still feels good to hit all the targets today as most names moved further than their average movement.