12/01/2020 Watchlist Charts

12/01 Watchlist

Welcome to December! Last year of the month. Crazy day for the market. Everything dipped in the morning and it was a good opportunity to buy the dip. This is why I like waiting about an hour on Mondays to see overall direction of the market. Jumped in some plays prematurely, but luckily the market was on our side today and rallied.

More news is coming out and vaccine stocks are continuing to pop!

Going to continue to monitor cannabis stocks as well.

TSLA – Saw some crazy gains in after hours, let’s see if it can continue. Tesla added to the S&P 500 Index at full float with adjusted market cap weight.

ACB – huge cup and handle, and it broke out! Let’s see if it can continue. Resistance is around 12 and if it breaks that, we should see it run to 13+

MRNA – very nice run today and into after hours. Alerted a call option in #?yeetus-alerts? for diamond members that did nicely and should be up even more tomorrow. “Moderna’s experimental COVID-19 vaccine in a recent trial that demonstrated 94.1% efficacy.
‘Absolutely remarkable’: No one who got Moderna’s vaccine in trial developed severe COVID-19.

AMD – Beast of a run today. If AMD can reach and hold over 94, next stop is 100+. Let’s see if it continues tomorrow.

ZM – beat earnings and tanked after hours. Good opportunity to buy shares. Let’s see if it bleeds and then reverses.

Notable earnings coming up that I am watching:

Tuesday after close – CRM – expected to crush their earnings. With rumors of CRM buying out WORK, it’s a good one to get into long term.

Tuesday after close – BOX – It looks like earnings run is already happening, let’s see if it continues.

Wednesday after close – CRWD, ZS, OKTA, ESTC, CRWD, SNOW – All looking great and running for earnings coming up.

Thursday after close – MRVL, CLDR – Both looking great.

If you’re playing options into earnings, don’t hold through them. IV crush will destroy your gains 99% of the time.

$CRM – Ideally will bounce off this 200 day MA (Orange line)

$MRNA

$CRWD – Nice bounce off 200 day MA in orange. Coiled up and broke out of wedge.

$ZS – Break of channel and a stronger uptrend formed leading into earnings. Also notice a bounce off the 200 day MA.

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