7/09/2021 Watchlist Charts
7/9 Friday Watchlist
$SPCE – Shares are soaring as the company prepares to launch co-founder Sir Richard Branson into space this weekend. The move appears to be another case of “buy the rumor, sell the news.” You may want to consider trimming positions ahead of the weekend. Due to this news/rumor, we noticed some serious volume in bullish call options today. Over 53, SPCE can be set up to see 57, 63. Needs to hold above 52 as support for further continuation.
$TSLA – Solid day for TSLA. Over 659, TSLA can be set up to see 673, 686+. It must hold 651 as support for further continuation.
$IBM – Looking like it is recovering quickly, after a sharp drop from the announcement of the departure of Jim Whitehurst (President) from IBM. Earnings are around the corner on 7/18, so we may be seeing the start of an earnings run. Over 141, IBM can be set up to see 143, 147. Must hold above 140 as support for further continuation.
$NIO – Noticed some unusual bullish call buying activity, for 1 day expiration calls at the money. Over 46, NIO can be set up to see 48, 50, 53. Must hold above 45 as support for further continuation.