05/26/2022 Watchlist Chart

 

Watchlist for Thursday, 05/25/2022

 

On Wednesday, $SPY bounced off the 392 support I’ve been mentioning and shot up to the same 397-400 resistance, closing +0.88%. Before the close, We mentioned some bearish divergence and a MOC imbalance of $1.6B to the sell-side. SPY dropped 1% into the close, futures are currently down 0.16%.

$$ES (Futures) – Pivot: 3976 | Levels Above: 3996/4010/4040 | Levels Below: 3969/3930

 

$MSFT – The stock traded up 1.12% during market hours but was down 0.31% after hours. On the 1hr timeframe, MSFT has been developing a bullish RSI divergence (where stock price makes a new low, but RSI forms a higher low), but continues to find rejection at the top range of the flag. On the daily timeframe, we also see the same pattern where MSFT forms 3 green candles but with low daily volume showing potential false break out of the flag. Despite the lack of volume, there was an increased flow into the 262.5C next week’s expiration being bought up for MSFT. Keep an eye on the 263 level, if MSFT can break above with volume, it can test 266 to 273 level resistance. We will consider puts if MSFT fails to hold above 260-261, as it can pull back down to 255 to 250 (strong support). Below that is 246-level support (LOD last Friday).

Contract Suggestion:
Above 263 level: 265C 05/27 (14.1K Volume @ 2.00)
Below 261 level: 257P 05/27 (4.8K Volume @ 1.61)

 

 

$TWTR – The stock traded up 3.91% during market hours and was up 5.62% after hours following Elon’s commitment to more cash on the deal. On the 1hr timeframe, TWTR has been developing a bullish RSI divergence (where stock price makes a new low, but RSI forms a higher low) but has yet to break out of the downtrend to flip bullish. On the contrary, there was a big bet for TWTR 30P 2023 expiration for the Elon/TWTR saga. Based on intraday, it short term is bullish, but flow shows a long term bearish trend. On the daily timeframe, it’s still in an overall downtrend with these daily pops being with low volume and short. Keep an eye on the 37 levels, if TWTR can break above with volume, it can test 39 (near 9DMA) to 40 level resistance. Above 40 levels, it can test 43 to 44 (near 50DMA) level resistance. We will consider puts if TWTR fails to hold above the 35 levels, as it can pull back down to 32 (strong support).

Contract Suggestion:
Above 37 level: 40C 06/03 (1.1K Volume @ 0.53)
Below 35 level: 33P 06/03 (3.9K Volume @ 0.43)

 

 

$AMD – The stock traded up 1.63% during market hours but was down 2.10% after hours. On the daily timeframe, AMD currently holding above the downtrend line after breaking out of it last week. This would usually be a great position for a long entry but there was an unusual amount of 75P 8/19 expiration being bought up Wednesday morning ahead of NVDA’s earnings report. Currently, AMD is down 2% after hours as a sympathy play. The weekly is still an inside week, so it’s hard to see a long-term bearish sign unless this trader is betting on QT which is set to start in June to pull the market down lower. On the 1hr timeframe, AMD also attempted to break out of that downtrend but currently finding resistance there. Keep an eye on the 94 levels, if AMD can break above with volume, it can test 97 to 100 level resistance. We will consider puts if AMD fails to hold above the 90 levels, as it can pull back down to 88 to 85 (strong support).

Contract Suggestion:

(Call/Put Ratio: 0.40)

Above 94 level: 95C 05/27 (36.4K Volume @ 1.40)
Below 90 level: 89P 05/27 (9.4K Volume @ 1.14)

 

 

 

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

 

• Unemployment Claims Data on Thursday (05/26) at 5:30 am PST/8:30 am EST
• Core PCE inflation for April 2022 on Friday (05/27) at 5:30 am PST/8:30 am EST

 

 

 

 

05/25/2022 Watchlist Chart

 

Watchlist for Wednesday, 05/25/2022

 

$SPY rejected the 397-400 support, fell, and bounced off the 385-387 support zone, closing down 0.76% around the 395 support. Futures are currently up 0.43% after hours.

 

$GOOGL – The stock fell 4.95% during market hours but was up 0.69% after hours. During Tuesday’s trading sessions, GOOGL gapped down from SNAP CEO’s comments which pulled NQ down overall, nearing my first buy zone at 2000. On the daily timeframe, GOOGL dip was bought up quickly and closed a strong dragonfly doji with a gap to be filled from 2129 to 2174. Lots of ITM, 2050C weekly expirations came in, which can indicate a big move this week. Keep an eye on the 2144 or backtest 2115 level, if GOOGL can break above with volume, it can start to gap-fill to 2168 to 2174 level resistance. Above that can test 2188-2200. Above 2200, it can test 2220 (near 9DMA) to 2235 resistance. Consider puts if GOOGL fails to hold above the 2215 level, as it can pull back down to 2100-2090.

Contract Suggestion:

(Call/Put Ratio: 0.70)

Above 2144 or B/T 2115 level: 2220C 05/27 (1.3K Volume @ 7.10) or 2250C 05/27 (1.5K Volume @3.70)
Below 2115 level: 2000P 05/27 (3K Volume @ 8.30) or 1950P 05/27 (1.4K Volume @ 4.50)

 

 

$CSCO – The stock traded up 0.97% during market hours and was up 0.75% after hours. On the 1hr timeframe, CSCO has a gap to be filled from 44 to 48 level from their earnings gap down. CSCO is attempting to enter into that gap fill as it’s been forming an ascending triangle intraday with increasing volume. Keep an eye on the 44 levels, if CSCO can break above with volume, it can start to gap-fill to 46 to 48 level resistance. Above 48 levels, it can test 50 to 52 (near 50DMA). Consider puts if CSCO fails to hold above the 43-44 rejection, as it can test 41-38 support.

Contract suggestion:
Above 44 level: 45C 06/17 (3.1K Volume @ 0.80)
Below 43 or 44 rejection: 43P 06/17 (611 Volume @ 0.39) or 40P 06/17 (1.8K Volume @ 0.39)

 

 

$COST – The stock traded up 1.92% during market hours and was up 0.30% after hours. COST is set to report its quarterly earnings on Thursday (05/26) after aftermarket closes and the weekly expiration is pricing in a 37-point move in either direction. The flow during Tuesday’s trading session had big whales buying up 425C January 2023 expiration (deep ITM). On the 1hr timeframe, COST has been forming a bounced bottom and has a gap to fill from 463 to 489 from the TGT earnings gap down. Keep an eye on the 442 level, if COST can break above with volume, it can test 452 (50MA intraday) to 463 level resistance. Above 463 level, it can test 477 to 482 level resistance. Consider puts if COST fails to hold above the 426 level, as it can pull back down to 406-400 support.

Contract Suggestion:
Above 442 level: 480C 05/27 (481 Volume @3.55)
Below 426 level: 400P 05/27 (989 Volume @ 5.70)

 

 

$TSLA – The stock fell 6.93% during market hours but was up 1.01% after hours. On the daily timeframe, TSLA continues to trade in a downtrend with most of the pops being sold off. The 1hr 9DMA (642.20) has yet to catch up with the stock price with shows me there may be further pain down the road. The flow during Tuesday’s trading session has money flowing ITM 650P weekly expiration. Keep an eye on the 630 level, if TSLA can break above with volume, it can test 644-660 resistance. Above 660, it can test 686-700 resistance. Consider puts if TSLA fails to hold above the 618 or 630 rejection as it can pull back down to 600-590 support.

Contract Suggestion:
Above 630 level: 680C 05/27 (10.2K Volume @ 5.00) or 700C 05/27 (55.9K Volume @ 2.48)
Below 618 or 630 rejections: 600P 05/27 (82.1K Volume @ 11.35) or 550P 05/27 (30.3K Volume @ 2.99)

 

 

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

• FOMC minutes on Wednesday (05/25) at 11 am PST/2 pm EST
• Unemployment Claims Data on Thursday 05/26) at 5:30 am PST/8:30 am EST
• Core PCE inflation for April 2022 on Friday (05/27) at 5:30 am PST/8:30 am EST

 

 

05/24/2022 Watchlist Chart

 

Watchlist for Tuesday, 05/24/2022

On Monday, $SPY ran up towards the 397-400 range resistance, falling after-hours towards the 392 major support. If it can hold that, look to see recovery a bounce back to 395, then 397-400. Below, support remains 385-387 and 380. Futures are currently down about 1%

$ES (Futures) – Pivot: 3930 | Levels Above: 3950/3971/4000/4040 | Levels Below: 3905/3885/3860

 

$GS – The stock traded up 3.20% during market hours but was down 0.19% after hours. During Monday’s trading sessions, financials were showing relative strength and was leading the market for the majority of the day. On the daily timeframe, GS found some resistance at the 50DMA (322.41) but the daily moving averages are curling higher. RSI over 50 gives an indication of a short-term bullish move. If financials can show another day of continuation, GS may break above the 50DMA to test the 100DMA (340.70). Keep an eye on the 317 level, if GS can break above with volume, it can test 322 (50DMA) to 330 level resistance. Above 330 level, it can test 335 to 339 (near 100DMA) level resistance. We will consider puts if GS fails to hold above the 314 level, as it can pull back down to 310 to 309 (9DMA). Under that can test 306 to 300 level support.

Contract Suggestion:
Above 317 level: 320C 05/27 (2.1K Volume @ 4.05) or 325C 05/27 (1.2K Volume @ 2.21)
Below 314 level: 310P 05/27 (274 Volume @ 3.20) or 305P 05/27 (290 Volume @ 2.04)

 

 

$AAPL – The stock traded up 4.01% during market hours but was down 1.37% after hours. During Monday’s trading sessions, AAPL was holding up very well and was showing relative strength despite the weakness in other large-cap stocks like AMZN for the majority of the day. On the daily timeframe, AAPL continues to find some resistance on the 9DMA (143.97) so it’s not a confirmation of bullishness until that level can be reclaimed. On the weekly timeframe, AAPL has been finding support on the 100WMA (138.58) which is acting as a dynamic support but so far, and inside week being developed. Keep an eye on the 141 level, if AAPL can break above with volume, it can test 145 to 150 level resistance. Above 150 level, it can test 153 to 158 (near 200DMA) level resistance. We will consider puts if AAPL fails to hold above the 138 level (hard support – also 100 weekly MA), it can pull back down to 136 to 132 level support. Below that can test 130.

Contract Suggestion:
Above 141 level: 145C 05/27 (61.4K Volume @ 1.73)
Below 138 level: 136P 05/27 (12.3K Volume @ 0.70) or 135P 05/27 (37.9K Volume @ 0.57)

 

 

$FB – The stock traded up 1.39% during market hours but was down 7.08% after hours. FB down huge after-hours from SNAP surprise guidance mid-quarter. SNAP stated they have lowered their guidance and stated the macroeconomic environment has deteriorated further. On the daily timeframe, FB filled the earnings gap up from the after-hours drop and currently still holding within a falling wedge set up. Because of SNAP, FB may either dip and rip during on Tuesday, or gap down and continue dropping depending on how volume is open. Based on the after-hours price, keep an eye on the 182 level, if FB fails to hold above this level, it can test 175 to 168 level support. Below that can test 160 to 156 level support. We would consider calls if FB can break above 190 or backtest 182 level, as it can test 194 to 200 level resistance. Above that can test 207 (5ODMA) to 215 level resistance.

Contract Suggestion:
Above 190 or B/T 182 level: 195C 05/27 (15.4K Volume @ 5.20) – Will be lower at open due to AH drop
Below 182 level: 175P 05/27 (2.9K Volume @ 0.31) – Will spike at open

 

 

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

• Jerome Powell will speak at the NA Development Conference on Tuesday (05/24) at 9:20 pm PST/12:20 pm EST
• FOMC minutes on Wednesday (05/25) at 11 am PST/2 pm EST
• Unemployment Claims Data on Thursday 05/26) at 5:30 am PST/8:30 am EST
• Core PCE inflation for April 2022 on Friday (05/27) at 5:30 am PST/8:30 am EST

 

 

05/23/2022 Watchlist Chart

 

Watchlist for Monday, 05/23/2022

 

On Friday, $SPY fell towards major 380 support but managed to recover later in the day and hold the 387 area, closing flat around the light 390 support.
Before the close, We mentioned that the MOC imbalance was $3.8B to the buy-side, and futures are up a whopping 1.21% today.

$ES (Futures) – Pivot: 3930 | Levels Above: 3950/3971/4000/4040 | Levels Below: 3905/3885/3860

 

$TSLA
– 📈 $724.3: 🎯 $744.4, $765
– 📉 $633: 🎯 $600, $580

 

$AAPL
– 📈 $139.8: 🎯 $141, $144.6
– 📉 $134: 🎯 $132.6, $130

 

$DDOG
– 📈 $95.4: 🎯 $96.9, $99.8
– 📉 $90.5: 🎯 $87.2, $86.2

 

$FB
– 📈 $197.25: 🎯 $199.4, $203.3
– 📉 $189.5: 🎯 $187, $185

 

$PYPL
– 📈 $82.3: 🎯 $83.5, $85.4

– 📉 $77.6: 🎯 $76.7, $72.5

 

Remember to be patient and wait for the 5min (or 15min for more confidence) candle to close past the trigger to avoid being faked out

📈 – Trigger to go long (calls/shares)
📉 – Trigger to go short (puts)
🎯 – Target areas to aim for

 

 

 

05/20/2022 Watchlist Chart

 

Watchlist for 05/20/2022

 

On Thursday, $SPY ranged almost perfectly between the 387-392 levels. Before the market close, We mentioned that the MOC imbalance was $1.2B to the sell-side. We continued to fall into the close but then recovered after hours. Futures are currently up +0.90% after hours.

 

$AAPL – The stock fell 2.46% during market hours but was up 0.69% after hours. On the daily timeframe, AAPL continues to be shorted ever since Michael Burry announced his short position. There is potential for a possible relief bounce as RSI is still oversold on the 2H. The overall trend is down but there may be a relief bounce soon on the daily. Also, on the daily timeframe, AAPL broke down the overall flag and is now moving to a possible test to the 130 to 125 level soon with this sell volume. Keep an eye on the 138 or backtest 136 level, as it can test 141 to 145 (near 9DMA) level resistance. Under 1336 or 138 rejection, can pullback down to 132 to 130 level support.

Contract Suggestion:
Above 138 or B/T 136 level: 140C 05/20 (134.2K Volume @ 0.56) or 140C 05/27 (32K Volume @ 2.22)
Below 136 or 138 Rejection: 135P 05/20 (107.4K Volume @ 0.71)

 

 

$ROKU – The stock traded up 2.14% during market hours and was up 0.65% after hours. Growth stocks were getting some love today after being destroyed for the past few months. On the daily timeframe, ROKU has been trading within a tight wedge with low volume. Usually, when a stock is compressed (consolidates), it’s setting itself up for an explosive move in either direction. When using volume profiling, that 100 level is a huge launchpad for ROKU to test the 50DMA (108.89), but vice versa that it can act as a resistance as well. Keep an eye on the 100 level, if ROKU can break above with volume, it can test 108 (50DMA) to 115 level resistance. Above 115 level, it can test 125 to 135 (100DMA) level. We will consider puts if ROKU fails to hold above the 92 or 100 level rejection, as it can pull back down to 88 to 85 level support. Below that can drop down to 80 to 75 level support.

Contract Suggestion:
Above 100 level: 105C 05/27 (147 Volume @ 2.29)
Below 92 or 100 level rejection: 90P 05/20 (754 Volume @ 0.34) or 95P 05/20 (786 Volume @ 1.39)

 

 

$TSLA – The stock was up 0.78% after hours. Lots of activity on 6/21 calls, but caution is advised as cumulative net premiums are still negative (-$64.58M). Keep an eye on the 714 level or backtest 700 (strong support) as it can test 730 to 744 level resistance. Above 744 level, it can test 752 (near 9DMA) to 770 to 786 (hard resistance). Above that can test 800 to 820 level resistance. We will consider puts if TSLA fails to hold above the 700 level, as it can pull back down to 680 (previous LOD last Thursday) to 675 level support. Below that can drop down to 660 to 644 to 630 level support. Below that can drop down to 618 to 600 level support.

Contract Suggestion:
Above 714 or B/T 700 level: 730C 05/20 (28.2K Volume @ 5.20) or 740C 05/20 (26.3K Volume @ 3.10)
Below 700 level: 680P 05/20 (39.3K Volume @ 3.80)

 

 

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

 

• OPEX on Friday (05/20)

 

 

 

 

05/19/2022 Watchlist Chart

 

Watchlist for Thursday, 05/19/2022

 

On Wednesday, $SPY had the worse day since June 2022, dropping 4.03%. It’s hovering around the 392 support I’ve been mentioning, there is light support at 390, and 385-387. Above, We would like to see it reclaim 397-400 in order to see 405/410.
Before the close, We mentioned that the MOC imbalance was $741M to the sell-side. Futures dropped after hours, but have since recovered and are up 0.29% after hours.A $21M order, above the ask, for QQQ puts expiring 6/30 came in today, caution is advised with tech.

$AAPL
– $143.55: $145.4, $146.25
– $139.93: $138.5, $137.2

$UPST
– $50.47: $53, $55
– $46.75: $45, $43.7

$NVAX
– $52.65: $53.9, $54.6
– $50.44: $49.60, $47.9

$GS
– $309.4: $313.2, $314.3
– $305: $303.6, $300.6

$SQ
– $82.56: $84.4, $86.4
– $80.88: $78.9, $77

 

 

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

 

• Unemployment claims data on Thursday (05/19) at 5:30 am PST/8:30 am EST
• OPEX on Friday (05/20)

 

 

05/18/2022 Watchlist Chart

 

Watchlist for Wednesday, 05/18/2022

 

On Tuesday, $SPY chopped and ranged as expected until Powell spoke, closing up 2.06%. We mentioned before the close that the MOC imbalance was $288M to the sell-side. Futures are currently down 0.23% after hours.

 

$ES (Futures) – Pivot: 4069 | Levels Above: 4095/4111 | Levels Below: 4040/4030/3994

 

$HD – The stock traded up 1.68% during market hours and was up 0.30% after hours. HD reported strong earnings (catching the eye of long-term investors) and gapped up at open but those gains quickly sold off. On the daily timeframe, HD attempted to break out of the falling wedge but was held down by the 50DMA (308.93) with volume. $LOWS is set to report this week, so HD price action may be influenced by how they report due to being in the same sector and a possible sympathy play. Keep an eye on the 300 level, if HD can hold above this level, it can test 304 to 309 (near 50DMA) level resistance. Above 309 level, it can test 313 to 317 level resistance. We will consider puts if HD fails to hold above the 300 level, as it can pull back down to 296 (9DMA) to 292 level support. Below that can test 285 if we get a sell-off.

Contract Suggestion:

(Call/Put Ratio: 0.71)
Above 304 or B/T 300 level: 305C 05/20 (6.7K Volume @ 2.90) or 310C 05/20 (5.8K Volume @ 1.50)
Below 300 level: 295P 05/20 (3.4K Volume @ 2.49)

 

 

$AMZN – The stock traded up 4.11% during market hours and was up 0.15% after hours. On the daily timeframe, AMZN closed a bullish pin-bar and managed to close above the 9DMA (2287) which may be bullish short term. Things to note: Daily volume is decreasing as the price is moving higher so it could possibly be a dead cat bounce. Also, there has been a $15M+ premium pumped into put contracts expiring over the next few months. Daily looks like a “V” shape recovery. The weekly timeframe RSI is still an oversold level, so we could see a 2400 test this week before a larger reaction there. Keep an eye on the 2330 or backtest 2300 level, as it can test 2370 (near 14DMA) to 2400 level resistance. Above 2400 level, it can test 2420 to 2464 to 2500 level resistance. We will consider puts if AMZN fails to hold above the 2300 level, as it can test 2260 (possible bounce zone here) to 2200 level support. Below that can drop down to 2180 to 2125 to 2100 level support.

Contract Suggestion:
Above 2330 or B/T 2300 level: 2400C 05/20 (13.1K Volume @ 9.65) or 2450C 05/20 (1.6K Volume @ 3.90)
Below 2300 level: 2150P 05/20 (2.7K Volume @ 5.55)

 

 

$IWM – IWM traded up 3.06% during market hours. Towards the open, there was a huge flow into the 172P June expiration with a huge premium from the morning gap up. It’s likely that this person is making a bet on quantitative tightening (QT) to happen soon according to the feds. On the daily timeframe, it was showing relative strength as it managed to close near the high of the day and closed a bullish pin bar off of the 180 level. The key thing to see on the daily timeframe is that IWM moves up from 170, and the daily volume is starting to taper off and moving below the normal daily volume. This is usually indicative of a dead cat bounce when the price is moving higher but volume is moving lower. Keep an eye on the 184 level or backtest 180 level, if IWM can break above it can test 187 to 191 level resistance. Above 191 level, it can test 196 to 200 (hard resistance). We will consider puts if IWM fails to hold above the 180 level, as it can pull back down to 175 to 173 level support. Below that can test 170 to 165 level support.

Contract Suggestion:
Above 184 or B/T 180 level: 185C 05/20 (7.8K Volume @ 1.48) or 187C 05/20 (4.9K Volume @ 0.82)
Below 180 level: 178P 05/20 (6.5K Volume @ 0.88) or 172P 06/17 (63.6K Volume @ 3.04)

 

 

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

 

• Unemployment claims data on Thursday (05/19) at 5:30 am PST/8:30 am EST
• OPEX on Friday (05/20)

 

 

 

 

05/17/2022 Watchlist Chart

 

Watchlist for Tuesday, 05/17/2022

 

On Monday, $SPY fell 0.41%. Before the close, We mentioned that the MOC imbalance was $950M to the buy-side. Futures are currently up 0.28% after hours. I would not be surprised if we chop/range until Powell speaks at 2 PM EST.

$ES (Futures) – Pivot: 4004 | Levels Above: 4052/4085/4100 | Levels Below: 3960/3930/3880

 

$AAPL – The stock fell 1.07% during market hours but was up 0.23% after hours. On the daily timeframe, AAPL has been holding up the trend-line support, AAPL closed an inside day pattern, so either AAPL breaks back up or continues the trend down. It was reported today that Michael Burry (hedge fund manager) is currently shorting AAPL and buying up FB in its place. Based on the flow near EOD, there were a lot of 140s put being bought up with some significant money put into the 139P weeklies. Keep an eye on the 148 level (HOD on Friday – mother candle), or backtest 145 level, as it can test 150 (9DMA) to 153 level resistance. We will consider putting if AAPL fails to hold above the 145 level, it can pull back down to 141 to 138 level support.

Contract Suggestion:
Above 148 or B/T 145 level: 150C 05/20 (79.4K Volume @ 0.96) or 148P 05/20 (19.2K Volume @ 1.65)
Below 145 level: 142P 05/20 (10.7K Volume @ 1.50) or 140P 05/20 (45.3K Volume @ 0.99)

 

 

$JD – The stock was up 0.56% after hours. JD is set to report their quarterly earnings report on Tuesday (05/17) pre-market with the weekly expiration pricing in a 6pt move in either direction. Yesterday’s futures fell after China reported the negative impact on the Chinese economy and is likely this will impact the earnings report for any of the upcoming Chinese stocks. On the daily timeframe, JD continues to find rejection at the 9DMA (52.90) and despite the bounce off the low of 46 last week, we lack a continuation on the bullish side. There is a gap to be filled from 54 to 55 if there’s a positive reaction to JD’s earnings. Keep an eye on the 53 level, if JD can break above with volume, it can test 54 to 55 (gap-fill) level resistance. Above 55 levels, it can test 57 to 60 level resistance. We will consider puts if JD fails to hold above the 51 level, as it can pull back down to 50 to 46 level support. Below that can drop down to 41 to 38 level support.

Contract Suggestion:
Above 53 level: 55C 05/20 (1.7K Volume @ 1.59)
Below 51 level: 49P 05/20 (677 Volume @ 1.94) or 48P 05/20 (2.3K Volume @ 1.63)

 

$FB – The stock traded up 0.71% during market hours. During Monday’s trading sessions, FB was showing relative strength for the majority of the day but lost some of that relative strength near the end of the day. On the daily timeframe, FB has been trading within a falling wedge with a breakout above the 207 level (near 50DMA) but there’s a gap that needs to be filled from 185 to 181. The flow was bullish towards the majority of the morning into those 210C but near the end of the day, a lot of 200P came in. Depending on how the fed’s spoken tomorrow, we will likely see a direction in the market into OPEX (on Friday). Keep an eye on the 207 or backtest 200 level, as it can test 210 to 215 level resistance. Above 215 level, it can test 220 to 224 level resistance. We will consider puts if FB fails to hold above the 200 level, as it can pull back down to 194 to 190 level support.

Contract suggestion:
Above 207 or B/T 200 level: 205C 5/20 (24.6K Volume @ 2.89) or 210C 05/20 (32.6K Volume @ 1.40)
Below 200 level: 195P 05/20 (11.6K Volume @ 3.05) or 190P 05/20 (10.1K Volume @ 1.71)

 

 

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

 

• Powell speaking on Tuesday (05/17) at 11am PST/2pm EST with other feds
• Unemployment claims data on Thursday (05/19) at 5:30am PST/8:30am EST
• OPEX on Friday (05/20)

 

 

 

05/13/2022 Watchlist Chart

 

Watchlist for Friday, 05/13/2022

 

On Thursday, $SPY fell to the 385 support and bounced back, reclaiming that important 392 support We mentioned on Wednesday. We reiterated before closing that we are healthy/bullish above that. Futures are now currently up 1% after hours!

$ES (Futures) – Pivot: 3950 | Levels Above: 3980/4000/4040 | Levels Below: 3913/3872/3855

 

$TSLA – The stock fell 0.82% during market hours but was up 1.92% after hours. On the daily timeframe, we see a double bottom forming near the 700 level which was the previous bounce level back in February 2022. TSLA was showing relative strength as it was intraday and starting to see TSLA trying to bottom near this level. We would need to see a string of bullish candles before we can call this a short-term bottom not just 1 day of green. On the 1hr timeframe, TSLA is attempting to break out of the flag, and with futures up over 1%, we can see a nice gap up into tomorrow. Keep an eye on the 730 level, if TSLA can break above with volume, it can test 744 to 750 level resistance. Above 750 level, it can test 770 to 786 (hard resistance). Above 786 level, it can test 800 to 820 (near 9DMA) level resistance. We will consider puts if TSLA fails to hold above the 714 level, as it can pull back down to 700 to 686 level support. Below that can drop down to 675 to 660 level support. Under that can see 644 to 630 level support.

Contract Suggestion:
Above 730 level: 770C 05/13 (23.3K Volume @ 2.90) or 780C 05/13 (20.4K Volume @ 1.72)
Below 714 level: 700P 05/13 (96.8K Volume @ 6.30)

 

 

$AMZN – The stock traded up 1.48% during market hours and was up 0.72% after hours. On the daily timeframe, AMZN continues to find rejection near the 2200 level which was the previous rejection level the day before. Interesting enough, there was some unusual flow in the 2200C weeklies that came in near EOD. With NQ futures up over 1%, there’s a high chance it can open near the 2200 level and we may see a nice relief bounce or continuation on Friday. Hoping it’s another short the pop again that has been happening for the past few weeks. The weekly timeframe is still bearish unless it can close above 2230/2280 level to form a pin bar. Keep an eye on the 2200 level, if AMZN can break above with volume, it can test 2257 to 2300 level (near 9DMA). Above 2300 level, it can test 2330 to 2400 level resistance. We will consider puts if AMZN fails to hold above the 2125 level, as it can pull back down to 2100 to 2095 level support. Below that can drop down to 2040 to 2000 level support.

Contract Suggestion:
Above 2200 level: 2250C 05/13 (6.9K Volume @ 3.60) or 2300C 05/13 (11.1K Volume @ 1.18)
Below 2125 level: 2050P 05/13 (13.1K Volume @ 6.45)

 

 

$TWTR – The stock fell 2.19% during market hours but was up 1.04% after hours. On the daily timeframe, TWTR has found the 50DMA (42.93) as a support, but it closed a doji, which shows indecision. The flow continues to be bearish for the past week, likely due to the ongoing Musk drama. TWTR still has a gap to be filled from 43 down to 40 level from the gap up in early April 2022. Keep an eye on the 47 or backtest 45 levels, as it can test 50 (near 200DMA) to 53-level resistance. We will consider puts if TWTR fails to hold above the 45 levels, as it can pull back down to 43 (near 50DMA) to 40-level support (gap filled). We believe the flow is playing this gap fill as well.

Contract Suggestion:

(Call/Put Ratio: 0.13)
Above 47 or B/T 45 level: 48C 05/20 (8.6K Volume @ 0.34)
Below 45 level: 43P 05/20 (4.8K Volume @ 0.78)

 

 

 

 

05/12/2022 Watchlist Chart

 

Watchlist for Thursday, 05/12/2022

 

On Wednesday, $SPY failed the reclaim the 405 resistance and fell towards the 392 support and bounced, ending the day down 1.59%. Futures are currently down 0.45% after hours.

$ES (Futures) – Pivot: 3950 | Levels Above: 3985/4000/4050 | Levels Below: 3920/3900/3875/3850

 

$FB – The stock fell 4.51% during market hours. On the daily timeframe, FB is continuing to fill the gap down (181, also .786 fib retracement) from their earnings report reaction and it closed a bearish candlestick pattern. It was showing relative weakness as evidenced by closing near the low of the day with a gap to be filled down to 182. If we continue to see tech sell-off, FB would be a great candidate for puts. Keep an eye on the 190 level rejection or under 188 as it can test 181 down to test 169 (LOD on their ER) down to 160 level support. We will consider calls if FB can break above 190 levels, as it can test 196 to 200-level resistance. Above that can test 207 (50DMA).

Contract Suggestion:
Above 190 level: 195C 05/13 (6.1K Volume @ 1.68)
Below 188 or 190 rejection: 185P 05/13 (8.3K Volume @ 2.69) or 180P 05/13 (6.16 Volume @ 1.37)

 

 

$GOOGL –  The stock fell 0.69% during market hours but was up 0.48% after hours. On the daily timeframe, despite GOOGL closing an inverted green hammer, it’s not as strong as we continue to see the 9DMA (2321.76) acting as dynamic resistance for this stock. It was one of the few stocks that closed green in a sea of red with relative strength but it’s currently trading in no man’s land. This would be a great candidate for calls if the market decides it wants to bounce, but with overall pressure still towards the bearish side, this pop may get sold off after. On the weekly timeframe, we see GOOGL riding that 100DMA (255.76) as a support, so potentially, this would be a great bounce zone to play, but the weekly volume is not yet convincing due to low bounce volume. This may end up being a dead cat bounce if we continue to see it lack volume on this bounce. Keep an eye on the 2280 or backtest 2265 level, as it can test 2300 to 2315 (near 9DMA) level resistance. Above that can test 2342 (hard resistance) to 2360 level resistance. We will consider puts if GOOGL fails to hold above the 2265 level, as it can pull back down to 2254 to 2235 level support. Under that can see 2218 to 2200 level support.

Contract Suggestion:

(Call/Put Ratio = 0.78)
Above 2280 or B/T 2265 level: 2350C 05/13 (1.5K Volume @ 9.40)
Below 2265 level: 2200P 05/13 (1.3K Volume @ 13.10) or 2150P 05/13 (429 Volume @ 6.00)

 

 

$AMD – The stock fell 0.91% during market hours. Relative to the semiconductor sector, AMD was showing some strength while the others closed the majority in the red. Despite AMD closing green on the daily, it closed a Doji showing indecision in an overall downtrend. We continue to see the 85 levels as strong support after multiple bounces but the more it’s tested, the weaker it gets. Keep an eye on the 88 levels, if AMD can break above with volume, it can test 90 to 94 level resistance. Above 94 levels, it can test 97 to 100 level resistance. We will consider puts if AMD fails to hold above 85 level or 88 rejection, as it can set a leg lower down to 81 to 79 level support.

Contract Suggestion:
Above 88 level: 90C 05/13 (18K Volume @ 1.35)
Below 85 or 88 rejection: 85P 05/13 (20.2K Volume @ 1.10) or 83P 05/13 (2.5K Volume @ 0.63)

 

 

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

 

• Producer Price Index for April 2022 on Thursday (05/12) at 5:30 am PST/8:30 am EST
• Unemployment claims data on Thursday (05/12) at 5:30 am PST/8:30 am EST