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12/23 WATCHLIST + MARKET OUTLOOK (Warning!)** THIS IS PURELY MY OPINION AND I AM NOT LIABLE FOR YOUR TRADING DECISIONS ** Very interesting day today where even though we GOT the stimulus bill, the market did not seem satisfied. We remained under the major support (now resistance) trendline in red, which has served as support since the coronavirus low. There are 2 reasons this may have happened: (1)There is a big possibility that the market had fully priced in a large stimulus package, and is now asking "ok, what else can you feed me?" OR (2) Investors are scared of the covid mutation making its way through Europe. Regardless of the reason, it is a particularly dangerous time for this to be happening because if you look at the put-to-call-equity ratio, it dropped to pretty much all time lows as soon as the stimulus bill was announced. This means that market participants are overleveraged on calls and expecting the market to continue going up (being greedy). While this is not a sell signal by itself, if the market starts to correct, we could see a big long squeeze as investors panic and offload their long positions. I would save the PCCE graph to your watchlist and check it frequently. It is essentially the chart that tells you when to be greedy vs. fearful according to the old adage: "When others are fearful, be greedy. When others are greedy, be fearful." A normal PCCE level is roughly indicated by the 2 white lines I've drawn on the graph. My bias going into tomorrow is neutral. However, the market doesn't care about my opinion and will do what it wants, and I will trade what it gives me! The watchlist from yesterday went absolutely nuts. Highly suggest finding your favorite setups and focusing on those. Don't worry about missing a play! There are opportunities every single day. WATCHLIST 12/23 Recall that my trading style is short scalps and intraday options. These are not swing levels. ZM calls over 409.1 BABA puts under 255.4 BLNK calls over 49 PENN calls over 96.65 PYPL calls over 244 SQ calls over 243.4 MRNA puts under 123 NVDA calls over 531.8 WKHS calls over 23.45 TWLO calls over 374.7 NFLX calls over 527.6
USI:PCCE
by algrowithm
12/22 WATCHLIST + MARKET OUTLOOK** 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
AMEX:SPYLong
by algrowithm
Why is Netflix going to reach almost $700?Good morning traders, today we bring you our analysis on Netflix, since we consider that it has a great upward potential and is a good investment opportunity. Based on what the behavior shows us in the chart, we can obtain some conclusions: 🔸For many years this stock has been bullish, so we will base exclusively on the behavior of this year. 🔸From the beginning of this year to the ATH, the price had an approximate 100% increase. 🔸Of course, in the midst of the uptrend, as expected, there were corrections of between 15 and 30%. 🔸The remarkable thing about these situations is that, after correcting, the subsequent rise generated new highs. 🔸Right now we are facing a similar scenario, but with a bigger correction. 🔸It is a clear corrective flag pattern, with a duration of almost four months. 🔸The $ 60 zone was impenetrable, and each time the price faced it generated a bullish bounce. 🔸It is now heading towards the upper zone of the range, where we are expecting a bullish breakout. 🔸In the event of a break in the corrective structure, we estimate a minimum target of 20% to the upside, since it is the cloning of the broken range, which takes the price to almost $700.
NASDAQ:NFLXLong
by ThinkingAntsOk
2
The importance of being patientWhen I first started trading equities 5 or so ago I was such a greenhorn and eager to make my millions in this game. Little did I know my first year would amount to over $10,000 in losses. Looking back, it was working through each losing grade and aiming to understand why I lost money that helped push me to where I am now. Here are some things that helped me. 1. Biggest thing to do right is to set a stop loss. I know this sounds like common sense but you wouldn't believe how many traders mess up their account by being egotistical and saying "oh well" it will come back up. Well, I'm here to tell you that it most likely will not come back up for while if at all. Most stocks continue a trend until a certain point and that trend reverse. Take your loss and put that money to work somewhere else 2. Position sizing is key. If you have a $1,000 account or a $1,000,000 account never use more than 25% of your total account value on one trade. I personally use 10-15% on each trader so I have available cash to cushion a drawdown. (pros lose too) 3. Stop trading after a string of 3 or more losses in a row. You need to take a step back and look at what may be going wrong. It may be out of your control but you need to verify that and wait to trade when conditions are right. If you are just revenge trading cause you keep losing then you will end up broke. Trade safe and trade smart.
AMEX:SPY
by The_Level_Two
7
NASDAQ:NFLX Netflix stock forecast, Buy Breakout, Target 669Netflix (NASDAQ: NFLX) Trade : Buy Breakout Entry : 512.5 Target : 669 (156.5, +30.54%) Stop : 491 (-21.5, -4.2%) Posted on Saturday, December 12, 2020 Note : Netflix stock attracts my attention. Its stock prices are expected to rise one notch higher. If they strongly break out the 512.5 level, it would be a buy-signal. If the prediction is right, target(resistance) price could be around 670. As of now, it is necessary to keep in mind that the stock markets and stock indexes are in an unstable phase. We need to keep the stop-loss rules strictly.
NASDAQ:NFLXLong
by Ptrade
Microsoft is about to add some juice to the Nasdaq I started buying Microsoft call options on today's weakness and I'll be adding tomorrow. Price action is getting really tight at the right spot - $214. Here's what I'm seeing on the daily time frame: We have a potential bullish continuation pattern on the daily if the support holds Do you see the support? With evidence of capital flowing slowly into FANNG names (NFLX & FB), as well as similar supportive price action in Amazon, I expect a power move in Microsoft in the coming days / weeks. Notice how we had similar support on Netflix a few weeks ago, followed by a nice rally recently. I think we're about to see the same in MSFT: A 4-5% move doesn't sound like a big deal to most retail traders, but it's all about risk/reward and how you structure your trade. If the r/r is high, then you could express bets with different forms of leverage that make small moves big % generators. Whenever I publish analysis on a large cap stock... I am using options to trade it. Reminder: I'll be starting a live trading room of some sort for free in the coming weeks or after the New Year depending on the level of interest. Still thinking about how to set it up. I will showcase my trade management which is the most important thing in trading. (Active day trades/swings trades/etc). DMs are open if interested in joining.
NASDAQ:MSFTLong
by Lanmar
9