12/28/2021 Watchlist Chart

12/28/2021 Watchlist Chart

 

Watchlist for 12/28/2021

 

$UPST – The stock traded up 8.03% during market hours and was up 0.11% after hours. Strong move by UPST during Monday’s trading sessions with AFRM as it managed to show relative strength since open and closed near high of the day. 162 is a big level for UPST to break and hold above as it can test 174 next. The weekly also shows a nice continuation candle, but it is still too early to say until the end of the week. Keep an eye on 162, if UPST can break above with volume, it can test 169 to 174 resistance. Above 174, it can test 184 to 186 (200DMA) resistance. Consider puts if UPST fails to hold above 158 (14DMA) as it can pull back down to 156 and 152 (9DMA).

Contract Suggestion:
Above 162: 165C 12/31 (3.9K Volume @4.60) or 170C 12/31 (5.6K Volume @3.20)
Below 158: 155P 12/31 (612 Volume @3.60)

 

 

$AAPL – The stock traded up 2.30% during market hours but was down 0.29% after hours. On the daily timeframe, AAPL is forming a cup and managed to close over 180 despite it being under after hours. AAPL was showing relative strength to the overall market and held through most of the dips. AAPL is setting up to test ATH (182.13) if we see continuation into Tuesday’s trading session. QQQ was lagging behind the SPX ATH break, so we can start to see tech move more to catch up to SPX. Keep an eye on the 180 level, if AAPL can hold above this level, it can test 182 to 186 level resistance. Consider puts if AAPL fails to hold above 180, as it can pull back down to 177 and 173 supports.

Contract Suggestion:
Above 180: 182.5C 12/31 (108.2K Volume @1.13)
Below 180: 177.5P 12/31 (40.5K Volume @0.94)

 

 

$TSLA – The stock traded up 2.52% during market hours but was down 0.18% after hours. After a massive multi-day run by TSLA, it cooled off in the latter half of Monday’s trading sessions. There was a big rejection at 1117 after breaking out of the falling wedge last week. We may see some money rotate into other stocks, as I expect TSLA to consolidate and digest the wild move it made the past few trading sessions. Keep an eye on 1100 and 1077, as it can test 1107 to 1117 resistances. Above 1117, it can test 1128 to 1144. Consider puts if TSLA fails to hold above 1077, as it can pull back down to 1051 and 1043 (50DMA) support.

Contract Suggestion:
Above 1100 or B/T 1077: 1150C 12/31 (51.6K Volume @10.15)
Below 1077: 1050P 12/31 (24.5K Volume @10.15) or 1020P 12/31 (7.8K Volume @4.85)

 

 

$FB – The stock traded up 3.26% during market hours but was down 0.18% after hours. On the daily and weekly timeframe, FB broke out of the downtrend line and managed to close a strong bullish candle. So far, it’s holding above the 100DMA (344.47), and like NVDA, it’s setting up for a move higher. Keep an eye on 348, if FB can break above with volume, it can test 350 and 356. Consider puts if NVDA fails to hold above 344 (100DMA), as it can pull back down to 342 and 338.

Contract Suggestion:
Above 348: 355C 12/31 (23.5K Volume @1.83) or 360C 12/31 (38.9K Volume @1.08)
Below 344: 340P 12/31 (7.3K Volume @1.96)

 

 

$NVDA –The stock traded up 4.40% during market hours and was up 0.19% after hours. On the daily timeframe and weekly timeframe, NVDA broke out of the falling wedge and closed near the high of the day showing relative strength. Semis were showing plenty of strength with the market. NVDA is setting up for another leg higher if it can hold above 300. Keep an eye on 310, if NVDA can break above with volume, it can test 313 and 317. Above 317, it can test 320 and 323. Consider puts if NVDA fails to hold above 305, as it can pull back down to 300 and 295.

Contract Suggestion:
Above 310: 320C 12/31 (66.6K Volume @2.50) or 325C 12/31 (30.7K Volume @1.57)
Below 305: 300P 12/31 (10.8K Volume @2.42)

 

 

 

***NEWS TO LOOK OUT FOR THIS WEEK***

 

  • Unemployment claims data on Thursday (12/30) at 5:30 am PST/8:30 am EST
  • The market will be open half day on Friday (12/31) in observance of New Years Eve

 

 

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