Midweek-watch
Midweek Watch 8/04 - $LMND LONGMy Level: LONG at $78.50
Why: Prior support. Best spot is 74.30 on the quarterly pivot. It has $5 range. Decent. Numbers were in line. Slight bottom line miss. Guidance seemed ok. I'm looking at bounce play. They came in on a loss of $0.90 instead of $0.88. Should be a good bounce play on tomorrow's open.
Midweek Watch 8/04 - $FSLY SHORTMy Level: SHORT at $40 and $41
Why: I'm looking for a fade on this on a pop. This has a $2 - $3 range on this. When you look at their earnings, the top line they missed by a hair and they are talking about cutting their fiscal year 21. No one likes when they start cutting guidance. This is a name that is already breaking down and could remain heavy. Sometimes these are the easiest trades. Could give us the opportunity for a slow fade.
Midweek Watch 8/04 - $ETSY LONG & SHORTMy Level: LONG at $168 - $164. This could change in the morning. Their conf call was at 5pm this evening. Looking at the Volume Profile POC is sitting right at 168. The quarterly pivot is sitting on 164.
My Level: SHORT at 183.88 - 185.08. On the flip side if we can get an early push into the 50d and 200d area I'll be looking for a fade.