01/21/2022 Watchlist Chart

01/21/2022 Watchlist Chart

 

Watchlist for 01/21/2022

$GOOGL – The stock fell 1.34% during market hours and was down 0.83% after hours. On the daily timeframe, GOOGL managed to close
above the 200D MA (2664.97) but showed relative weakness with the overall market. Tech sector has been getting demolished these past weeks with this market pullback. Keep an eye on the 2667 or 2665 (200DMA) level, if GOOGL can hold above this level, it can test 2684 to 2700 level resistance. Below 2664, it can test 2648 to 2631 level support. Below that can drop down to 2612 to 2600 level support. NQ futures are down over 1%, so likely will see a gap down, but can possibly play the gap fill on Friday ODTs. (Wide Spreads)

Contract Suggestion:

Above 2667 or B/T 2665 level:2700C 01/21 (651 Volume @8.10)
Below 2665 level: 2600P 01/21 (682 Volume @5.50)

$AMZN – The stock fell 2.96% during market hours and was down 1.17% after hours. Ever since last week, AMZ N flow has been super bearish and that is evident by how it stayed stagnant or moved lower while the market popped a bit. ON the daily timeframe, AMZN closed a strong bearish candle and closed near low of the day. AMZN would be a great put candidate if market pulls back more. Keep an eye on the 3026 level, if AMZN can hold above this level, it can test 3054 to 3100 level resistance. Above 3100 level, it can test 3151 (major daily pivot) to 3188 level resistance. We will consider puts if AMZN fails to hold above the 3026 level, as it can test 3100 to 2980 level support. Below 2980 level, it can test 2951 to 2920 level support.

Contract Suggestion:

Above 3026 level:3080C 01/ 21 (694 Volume @8.70) or 3100C 01/21 (4.4K Volume @4.80)
Below 3026 level: 2980P 01/21 (2.3K Volume @10.15)

$TSLA – The stock traded up 0.06% during market hours but was down 0.68% after hours. On the daily timeframe, TSLA buyers were struggling to keep TSLA above the 1000 level till the last few min of the market. Huge selling pressure overall in the market but even more with tech. TSLA is still within the overall flag on both the daily and weekly but holding up better than stocks like GOOGL and AMZN. Keep an eye on the 1000 level, if TSLA can break above this level, it can test 1021to 1035 (9DMA) level resistance. Above 1035 level, it can test 1045 to 1051(major daily pivot) resista nce. We will consider puts if TSLA fails to hold above the 988 or 1000 level backtest rejection as it can pull back down to 978 (previous major buyers support level) to 964 level support.

Contract Suggestion:

Above 1000 level: 1020C 01/21 (27.6K Volume @5.45)
Below 988 or B/T 1000 level:970P 01/21 (8.9K Volume @6.00) or 950P 01/ 21 (34K Volume @2.73)

$AAPL – The stock fell 1.03% during market hours and was down 0.91% after hours. Similar daily candlestick pattern with GOOGL and AMZ N, AAPL was showing relative strength compared to the overall market. AAPL losing that 167 level (near the 50DMA) was a critical support since December 2021 when there’s been multiple bounces. On the daily timeframe, we can also see a mini head and shoulder pattern with the neckline break at 167 level. Keep an eye on the 165 level, if AAPL can break above with volume, it can test 168 to 171 level resistance. We will consider puts if AAPL fails to hold above the 163 level, as it can pull back down to 160 to 158 level support.

Contract Suggestion:

Above 165 level: 165C 01/21 (24.9K Volume @ 1.18)
Below 163 level: 165.2P 01/21(34K Volume @0.70)

$HD – The stock fell 2.81% during market hours and was down 0.05 % after hours. On the daily timeframe, HD is currently in a falling knife
kind of pattern where it’s free-falling due to the overall market pullback. One major support would be the 200DMA (343.71) which can act as a strong relief bounce level if it pulls back enough. Keep an eye on the 355 level, if HD can break above with volume, it can test 358 to 362 level resistance. We will consider puts if HD fails to hold above the 349 level (LOO on Thursday), as it can pullback down to 345 to 343 (200DMA) level support.

Contract Suggestion:

Above 355 level: 360C 01/28 (287 Vol ume @2.24) – Wide Spread
Below 349 level: 345P 01/21 (935 Volume @1.37) – Wide Spreads

 

***NEWS TO LOOK OUT FOR THIS WEEK***

  • OPEX on Friday (01/21)

 

 

 

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