7/02/2021 Watchlist Charts
$JPM – Top of the bullish options flow for today. Similar to SPG from yesterday’s watchlist. JPM has their ex-dividend date on 7/2. A cash dividend payment of $0.9 per share is scheduled to be paid on 7/31. We are expecting JPM to behave similar to SPG tomorrow, so look for an all day runner. Over 158, JPM can see 160, 162. Must hold 156 as support.
$CSCO – 2nd highest of for bullish option flow for today. CSCO had their ex-dividend date today. Shareholders to be paid out on 7/27. It’s looking like it is ready to start trending up again from 2 weeks of downfall/consolidation. Over 53.6, CSCO can be set up to see 54-55+. Must hold 53 as support.
$PTON – Bullish pennant formed. PTON looking like it will bounce off of the 9 day EMA and have a nice bullish move soon. Over 123, PTON can be set up to see 125, 128+. Must hold 121 as support.
$JD – Inverse head and shoulder pattern formed. Tried to break out of the neckline and it failed. We saw JD lose momentum today due to that. We think JD will test the neckline here soon. Look for a bounce off of support around 76. Next levels it needs to break – 78, 80.