5/1 Watchlist + Notes

2023년 4월 30일

SPY - Crazy finish to the week and month. Bulls absolutely controlled Friday and pushed us even higher on the weekly to create an engulfing week. We had super strong closes on the daily, weekly, and monthly. I cannot imagine a world where we don't push even higher next week. I would imagine we test the 418 and 420 levels at some point. Was not expecting this at all, so I am curious to see how next month plays out. With the FED predicting a bearish second half of the year, this price action leads me to think we may have already priced in a small recession as the FED claims we may have, or we are seeing a final push to the upside to trap some buyers before seeing a bigger drop. As always we have to play what's in front of us and not what we are expecting, so proceed with caution and try not to let your own personal bias effect your trading

Watchlist:
Nothing on the scanner really has my attention for Monday so I will just be trading SPY. I do have a long position on ARKK that I am swinging so I will be watching that as well.
All inside setups and 50% retrace setups listed on my scanner in the picture for this post.

Main Watch:
ARKK - Just watching to manage my position. I think with the bullish bias on SPY that we have, we should see a push higher on ARKK on Monday

Previous Main Watch:
U + ARKK
- Both created bullish engulfing days and I ended up entering ARKK 37.5 C for this coming Friday's exp. Up currently on that position and holding. Did not take a position on U. Just watching them still

Watchlist Stats From Last Week:
2/5 SPY Predictions
3/5 Main Watch Plays

Personal Stats:
0/2 on the week
Overall: Red
- Didnt trade much due to it being finals week for me
- Took a couple small L's but got some W's with forex and crypto scalps so I am pretty much B/E on the week, but for these lists I like to count only my options trading
- Looking to make a hard rebound this week with my schedule now being much more open and having more time to focus on trading.

Lets make some money this week. As always be smart, follow rules, and always be striving to learn more and better your trading. Cheers