10/26/2021 Watchlist Chart
Watchlist for 10/26/2021
$TGT – The stock traded up 1.73% during market hours but was down 0.02% after hours. Strong break out move by TGT after the daily flag break and back test of the flag break out. TGT has been silently moving higher and well as the overall sector i.e. COST and HD. TGT is quickly approaching an all time high (266.15) test soon if it keep this volume and momentum up. Keep an eye on the 261 level (HOD of Monday), if TGT can break above with volume, it can test 266 to 278 level resistance. We will consider puts if TGT fails to hold above the 258 level, as it can pullback down to 256 to 255 (20MA) level support.
Contract Suggestion:
Above 261 level: 262.5C 10/29 (835 Volume @1.53) or 265C 11/05 (433 Volume @1.85)
Below 258 level: 255P 10/29 (1.1K Volume @ 0.68)
$XPEV – The stock traded up 11.47% during market hours but was down 0.08% after hours. XPEV rose off coat tail of
TSLA explosive move today and XPEV managed to close a strong bullish engulfing candle. On the daily timeframe, its
approaching a key level of resistance of 49 level which has been rejected multiple times in the past. If XPEV can break
above with volume, it can test 53 to 58 level resistance. We will consider puts if XPEV fails to hold above the 46 level, it can test 45 to 42 level support.
Contract Suggestion:
Above 49 level: 50C 10/29 (17.4K Volume @0.82) or 50C 11/19 (4.3K Volume @2.63)
Below 46 level: 45P 11/05 (580 Volume @0.98)
$SPCE – The stock traded up 1.93% during market hours and was up 0.55% after hours. On the daily timeframe, SPCE has been trading in a tight wedge with a nice gap to fill above from a previous gap down. We started to see an increase in volume trading during Monday’s trading sessions but still needs a bit more juice to break above. Its still being rejected at the top wedge trendline, but this is setting up for a breakout with the daily MACD curling up. SPCE reports earning on Monday (11/8). Keep an eye on the 20 level, if SPCE can hold above this level, it can test 20.71 (9MA) to 21 level resistance. Above 21 level, it can test 21.32 before it can start to fill the gap through 22.50 to 23.59 level resistance. We will consider puts if SPCE fails to hold above the 20 level, as it can pullback down to 19 to 18 level support.
Contract Suggestion:
Above 20 level: 21C 11/05 (1K Volume @0.55) or 21C 12/17 (130 Volume @1.73)
Below 20 level: 20P 10/29 (4.3K Volume @0.50)
$GOOGL – The stock fell 0.09% during market hours but was up 1.07% after hours. GOOGL reports earnings on Tuesday (10/26) after market closes and is currently up almost 30pts after hours from FB earnings report. On the daily
timeframe, not including after market price action, GOOGL closed a long legged doji signaling a potential trend reversal heading into earnings report. Keep in mind that ER its literally a coin flip. Taking into considering that after hours price, keep an eye on the 2773 level, if GOOGL can break above with volume, it can test 2780 to 2788 level resistance. Above 2788 level, it can test 2793 (14MA) to 2800 level resistance. Above 2800 level, it can test 2809 to 2820 level resistance. We will consider puts if GOOGL fails to hold above the 2765 level, as it can pullback down to 2759 to 2750 level support. Below 2750 level, it can test 2737 to 2716 level support. Market is pricing in a 110pt move in either direction for ER.
Contract Suggestion:
Above 2773 level: 2900C 10/29 (2.3K Volume @11.00) or 3000C 10/29 @ (1.5K Volume @3.80)
Below 2765 level: 2600P 10/29 (529 Volume @9.90)
***NEWS TO LOOK OUT FOR THIS WEEK***
- Unemployment claims data on Thursday (10/28) at 5:30am PST/8:30am EST