Sunday Prep 10/24 - $APO Need a Big Gap Up & Push HigherThis name is definitely getting a bit extended up here. I would REALLY love it if we can get a big gap up and push higher to just give it that A+ look for the short. I’m not here to guess tops on this name. Will be waiting for lower highs and the ability to have defined risk on the name.
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Sunday Prep 10/24 - $FUTU Have 2 Spots Where I Would ShortI have 2 spots where I would like to take a shot on the fade for this name. The first is a pop back into the annual pivot at 77.94. If that area isn’t holding price down, I have no problem stopping out and looking for a re-entry from 80.5-81.
Sunday Prep 10/24 - $PYPL It's Going to be a Great OpportunityI think this is going to be a great opportunity on this name if we can get these prices. This all stems from a major short trigger that occurred back in 9/28. It was a short setup based on the weekly chart and the monthly timeframe was where we were extended. This setup has the monthly 20sma as it’s target. This level also coincides with the quarterly pivot as well as the highs from the base that was built from August to November 2020. If we get these prices I will look to daytrade the name, but it will also be a swing position that I start to build in down there as well.
Sunday Prep 10/24 - $PXD Watch for the Flag BreakBoth $PSX and $PXD are on watch for these little flag breaks. Have alerts set on $XOP and $XLE for a heads up that the sectors are getting the same push. If we get the signals, I will be interested in buying dips to join trend. Keep in mind that $PSX reports earnings Friday before the bell.
Sunday Prep 10/24 - $PSX is on Watch for the Flag BreakBoth $PSX and $PXD are on watch for these little flag breaks. Have alerts set on $XOP and $XLE for a heads up that the sectors are getting the same push. If we get the signals, I will be interested in buying dips to join trend. Keep in mind that $PSX reports earnings Friday before the bell.
Sunday Prep 10/24 - $ASO This Name has been Acting Really Well I know Goose is gonna love me for putting this one on the list, lol. This name has really been acting well even while the retail sector has been flat-ish at best (with the exception of $M of course). I would take a shot on a flush down to 42ish, but if that area can’t hold, I would still be VERY interested in getting long this name if it can test the weekly 20sma down around 40. One thing to note is that I wouldn’t be caught dead long this name if it loses 38.70. I feel like under that level and this thing very well may test the 200d way down at 34.
Sunday Prep 10/24 - $BROS Respecting the 120min 20SMA very wellThis name has been respecting the 120m20sma very well. We just had a really nice break to new highs on Friday so I would like to see an early flush Monday down to the 63.80 weekly pivot (this is where the new weekly pivot WILL be on Monday) for a nice spot to scoop. Stock has great range.
Sunday Prep 10/24 - $OLN Had a Clean Breakout on FridayThis stock loves to make these nice controlled retraces before heading higher. Friday had a clean breakout of this base that it’s been building and now a 50-61.8% retrace puts us right into the retest of the breakout area. Not thinking this has to happen Monday. Could easily be something that develops through the week. But I want to keep this on radar.