10/27/2021 Watchlist Chart
Watchlist for 10/27/2021
$SQ – The stock traded up 0.53% during market hours but was down 0.15% after hours. SQ was showing relative strength at open but faded majority of the latter half of the day. On the daily timeframe, SQ broke out of the flag and back tested but was rejected at the 270-level resistance. The 270 level has been a tough for the past few months. SQ closed a long legged doji on the daily which shows indecision. SQ reports earnings on Thursday (11/04) and may see a run up heading into earnings report. Keep an eye on the back test of 262 level or 270 level breaks as it can test 275 to 284 level resistance. We will consider puts if SQ fails to hold above the 262 level, as it can pullback down to 258 to 254 (50DMA) level support.
Contract Suggestion:
Above 270 level or back test 262 level: 275C 10/29 (4.6K Volume @0.90) or 270C 10/29 (14.2K Volume @1.61)
Below 262 level: 260P 10/29 (2.3K Volume @2.46)
$ROKU – The stock traded up 0.25% during market hours and was up 0.18% after hours. On the daily timeframe, ROKU has been testing and holding above the 318 level so far and we can assume that great bottom support unless market turns for the worst and pulls back more. ROKU reports their Q3 earnings on Wednesday (11/03) so this may help give a better catalyst for a run up till then. We are starting to see some accumulation from the hedge funds on shares with multiple OTM bullish sweeps through the week. Keep an eye on the 329 level or back test 318 level, as it can test 331 (50DMA) to 335 level resistance. Above 335 level, it can test 342 to 345 level resistance. The breakout level back higher would be above 350 level. We will consider puts if ROKU fails to hold above the 322 level, as it can pullback down to 318 to 315 level support.
Contract Suggestion:
Above 329 level or back test 318 level: 330C 10/29 (5.8K Volume @3.40)
Below 318 level: 315P 10/29 (739 Volume @ 2.42)
$GS – The stock traded up 0.69% during market hours and was up 0.07% after hours. Banks were especially strong during Tuesday trading session and GS managed to test ATH (419) but was rejected again. GS would be a great day trade at the all time high break. Keep an eye on the 419 level or back test 417 level, as it can test 424 to 430 level resistance. We will consider puts if GS fails to hold above the 417 level, as it can pullback down to 413 to 408 level support.
Contract Suggestion:
Above 419 level or back test 417 level: 420C 10/29 (5.9K Volume @2.90)
Below 417 level: 415P 10/29 (406 Volume @2.61)
$AAPL – The stock traded up 0.46% during market hours and was up 0.04% after hours. AAPL reports their earnings on Thursday (10/28) along with AMZN and SHOP. On the daily timeframe, AAPL broke out of the falling wedge and is now flagging on the daily above the key 150 level resistance. AAPL is being supported by the 50DMA (147.21) and daily moving averages as support, so its showing some upside potential into earnings date. Keep an eye on the 150 level, if AAPL can break above with volume, it can test 153 to 158 level resistance. We will consider puts if AAPL fails to hold above the 147 level, as it can pullback down to 145 to 141 level support.
Contract Suggestion:
Above 150 level: 152.5C 10/29 (47.2K Volume @0.92)
Below 147 level: 146P 10/29 (5K Volume @0.94)
***NEWS TO LOOK OUT FOR THIS WEEK***
- Unemployment claims data on Thursday (10/28) at 5:30 am PST/8:30am EST