12/13/2021 Watchlist Chart
Watchlist for 12/13/2021
$MSFT – The stock traded up 2.83% during market hours but was down 0.01% after hours. MSFT was showing relative strength after the gap up when it fell below 330 last week. On the daily, it broke out of the daily wedge on last Friday and closed a strong bullish candle with volume. The daily MACD is close to flipping green and RSI perking up. If we can see a strong continuation from MSFT, it has a chance to test all time high. Keep an eye on 343 (HOD on Friday) or back test 342, as it can test 346 to 350 (ATH) resistance. Above 350, it can test 353 to 358. We will consider puts if MSFT fails to hold above the 342, as it can pullback down to 339 to 337.
Contract Suggestion:
Above 343 or B/T 342: 347.5C 12/17 or 350C 12/17
Below 342: 340P 12/17
$NVDA – The stock fell 0.96% during market hours and was down 0.03% after hours. On the daily timeframe, filled the gap from the previous gap up last month from their earnings report but has continued to show relative weakness since failing to break above 323. Surprisingly, there seems to be more bearish sentiment on the stock and was much weaker while the other tech stocks were holding up. Currently, NVDA is struggling to hold onto the previous ATH of 300 and this can sink fast if NVDA fails to hold this, as we saw no dips in selling volume the past three trading sessions. Keep an eye on 300, if NVDA can hold above, it can test 310 to 317. Above 317, it can test 323 to 328. We will consider puts NVDA fails to hold above 300, as it can pullback down to 295 to 288.
Contract Suggestion:
Above 300: 310C 12/17 or 320C 12/17
Below 300: 295P 12/17 or 290P 12/17
$SNOW – The stock traded up 2.755 during market hours but was down 0.27% after hours. On the daily timeframe, SNOW is setting up for an explosive move if it can break 375 with volume, as it’s forming a triple inside day pattern. On the weekly timeframe, we also see an inside week as well. The daily MACD flipped green and RSI hovering above 50 is great for bulls. Keep an eye on 375 or back test 367, if SNOW can break above with volume, it can test 386 to 400. We will consider puts if SNOW fails to hold above 367, as it can pullback down to 362 to 355.
Contract Suggestion:
Above 375 or B/T 367: 380C 12/17 or 400C 12/17
Below 367: 350P 12/17
$UPST – The stock fell 10.50% during market hours but was up 0.72% after hours. On the daily timeframe, UPST closed a strong bearish candle after failing to break above the 200 break out level and closed under the 200DMA (181.63). This is very bearish for the overall stock with above average sell volume last Friday. UPST would be a great candidate for puts if the market pulls back this week. Keep an eye on 162, if UPST can break above with volume, it can test 169 to 174. Above 174, it can test 181 (200 DMA) to 184. We will consider puts if UPST fails to hold above 156, as it can pullback down to 150 to 144.
Contract Suggestion:
Above 162: 170C 12/17 or 180C 12/17
Below 156: 150P 12/17 or 140P 12/17
$TSLA – The stock traded up 1.32% during market hours but was down 0.44% after hours. On the daily timeframe, we saw buyers step up when TSLA fell under 1000 to keep it from moving lower. It was held up by the 50DMA (1006.39) which it has been riding as a support these past few weeks. We continued to see buyers waiting at 978 as it can continued to see bounces there, so if TSLA falls back then, it would be a great place to dip buy. There are rumors of TSLA’s semis being in limited production so we may see a small pop on that news. Keep an eye on 1021, if TSLA can break above with volume, it can test 1051 to 1077. Above 1077, it can test 1090 to 1100. We will consider puts if TSLA fails to hold above 1000, as it can pullback down to 988 to 978.
Contract Suggestion:
Above 1021: 1070C 12/17 or 1100C 12/17
Below 1000: 950P 12/17