02/08/2022 Watchlist Chart
Watchlist for Tuesday, 02/08/2022
$TTD – The stock traded up 0.73% during market hours and was up 0.15% after hours. During Monday’s trading sessions, TTD was showing relative strength but quickly sold off with the market during the last hours of trading. TTD hit the 200DMA (76.38) as dynamic resistance since bouncing from lows of 60. Overall, TTD is still within a downtrend but if it can clear the 200DMA, it can test that 100MA (82.19) magnet. Keep an eye on the 74 levels, if TTD can break above with volume, it can test 76 to 80 level resistance. We will consider puts if TTD fails to hold above the 71 levels, as it can pull back down to 69 (9DMA) to 67 level support.
Contract Suggestion:
Above 74 level: 80C 02/18 (627 Volume @3.95)
Below 71 level: 65P 02/18 (504 Volume @ 3.40)
$AMD – The stock traded up 0.06% during market hours and was up 0.23% after hours. During Monday’s trading sessions, AMD & NVDA and the semiconductor sector were showing relative strength but quickly sold off during the last hour of trading. AMD continues to trade within a small range from 118 to 130 and an overall downtrend. Keep an eye on the 125 level, if AMD can break above with volume, it can test 128 (10DMA) to 130 level resistance. Above 130 level, it can break higher to test 133 to 135 (50DMA) level resistance. We will consider puts if AMD fails to hold above the 122 level, as it can pull back down to 119 (9DMA) to 118 level support.
Contract Suggestion:
Above 125 level: 127C 02/11 (14.2K Volume @1.78)
Below 122 level: 120P 02/11 (9.5K Volume @1.68)
$GOOGL – The stock fell 2.86% during market hours but was up 0.36% after hours. After gapping up from their earnings report, GOOGL is currently in progress on filling the gap from the gap up. The only gap to be filled are from 2278 to 2755 left. GOOGL showed relative weakness compared to the overall market as it failed to make new highs with the market and sold off more when the market pullback. GOOGL would be a great put candidate if the market decides to pull back further. Keep an eye on the 2780 level, if GOOGL fails to hold above this level, it can test 2763 to 2750 level support. Below that can drop down to 2735 to 2716 to 2700 level support. Calls look better above 2788 as it can test 2800 to 2820 (50DMA) level resistance.
Contract Suggestion:
Above 2788 level: 2850C 02/11 (1.4K Volume @15.00) or 2900C 02/11 (2.9K Volume @6.50)
Below 2780 level: 2700P 02/11 (1.3K Volume @13.80) or 2650P 02/11 (554 Volume @7.10)
$BA – The stock traded up 2.65% during market hours and was up 0.20% after hours. On the daily timeframe, BA attempted again to break out of the daily downtrend with volume after continuously getting rejected by the 200DMA (221.48). We were able to see the MACD flip green for a trend reversal. Recently, BA broke out of the inside day pattern and managed to close above the 100DMA. On the weekly timeframe, you can see the flag break better. Keep an eye on the 215 level, if BA can break above with volume, it can test 218 to 221 (200DMA) level resistance. Above 221 level, it can test 227 to 229 level resistance. We will consider puts if BA fails to hold above the 211 level, as it can pull back down to 208 to 207 level support. Below 207 level, it can drop further down to 204 (50DMA) to 200 level support.
Contract Suggestion:
Above 215 level: 217.5C 02/11 (3.8K Volume @1.43) or 220C 02/11 (28.2K Volume @0.86)
Below 211 level: 205P 02/11 (3.2K Volume @1.39)
***NEWS TO LOOK OUT FOR THIS WEEK***
- Unemployment claims data on Thursday (02/10) at 5:30 am PST/8:30 am EST
- Core CPI for January 2022 on Thursday (02/10) at 5:30 am PST/8:30 am EST
- Federal Budget for January 2022 on Thursday (02/10) at 11 am PST/2 pm EST