** THIS IS PURELY MY OPINION AND I AM NOT LIABLE FOR YOUR TRADING DECISIONS
With the stimulus bill all but passed, and fairly positive sentiment around existing vaccines being effective against the new coronavirus strain, I remain bullish and continue to believe we will see a blow-off top in equities in the short term. This morning during pre-market, we're seeing SPY back above the major support line (red) that has been support since the coronavirus low. Let's see whether we can break the major resistance line (green) today. If so, a good trade would be to wait for a retest of this line, and enter long on the bounce confirmation.
Yesterday's watchlist went absolutely bonkers. I post watchlists daily - be sure to follow me so you get the notification!
WATCHLIST 12/22
Recall that my trading style is short scalps and intraday trading. These are not swing levels.
LONG LIST TODAY! Highly suggest you pick a few of your favorite setups out of these and just focus on them
BA calls over 221.2, puts under 215.6
PLTR calls over 29.75
MSFT calls over 224
CHWY calls over 109.1
GRWG calls over 41.2
JMIA calls over 43, second entry 44.5
NFLX calls over 531.9
NVDA calls over 534.9
BABA puts under 257.8
DIS puts under 170
PYPL calls over 240.45
SOLO calls/equity over 7.65
TWLO calls over 370.5
HD calls over 272
With the stimulus bill all but passed, and fairly positive sentiment around existing vaccines being effective against the new coronavirus strain, I remain bullish and continue to believe we will see a blow-off top in equities in the short term. This morning during pre-market, we're seeing SPY back above the major support line (red) that has been support since the coronavirus low. Let's see whether we can break the major resistance line (green) today. If so, a good trade would be to wait for a retest of this line, and enter long on the bounce confirmation.
Yesterday's watchlist went absolutely bonkers. I post watchlists daily - be sure to follow me so you get the notification!
WATCHLIST 12/22
Recall that my trading style is short scalps and intraday trading. These are not swing levels.
LONG LIST TODAY! Highly suggest you pick a few of your favorite setups out of these and just focus on them
BA calls over 221.2, puts under 215.6
PLTR calls over 29.75
MSFT calls over 224
CHWY calls over 109.1
GRWG calls over 41.2
JMIA calls over 43, second entry 44.5
NFLX calls over 531.9
NVDA calls over 534.9
BABA puts under 257.8
DIS puts under 170
PYPL calls over 240.45
SOLO calls/equity over 7.65
TWLO calls over 370.5
HD calls over 272
