2/6 Watchlist + Notes

2023年2月5日

Notes: SPY coming off of a very strong week. Last week I mentioned we broke out on the weekly and should see upside, which we did. Now we have a failed 2D on the daily, and with a strong weekly close, I am guessing we see 421 on SPY before continuing higher or reversing. Going into Monday and Tuesday, I definitely think we will see some upside before making any directional changes, but as always I will play what's in front of me and not force anything due to bias.

Watchlist:
AMD- 2-1 - Heavy pump on Wed and Thurs followed by an inside bar Friday makes me think a pullback could be in order for Monday. Puts under 85.84. Calls over 88.95
PFE - 2-1 daily, and failed 2D on weekly. PFE is screaming reversal inbound on the longer time frames. Potential swinger. Starter calls above 44.39. Full position over 44.46
Additional notes for PFE: Last failed 2D on weekly pinpointed the week before the reversal last time it was at these levels. LOTS of other confluencing signals.
META - 2-1. Earnings caused massive gap up on daily. Looking to start filling that gap this week. Gap begins at 180.16, watch for a break of this level. Puts under 182.93
MRK - 2-1 daily and weekly. Both are 2D-1s. FVG top at 100.31 which is where I am thinking MRK is heading. Downide is ideal for this one. Puts under 102.48, Calls over 103.79
DOCU - 2-1 daily. Gap to the downside on daily, but weekly had a strong 2-1-2 close and is pushing towards FVG. Calls above 67.97, Puts below 64.29.
Additional notes for DOCU: Ideally looking for downside early in the week to fill the daily gap, then reversal to the upside to push higher on the weekly.
MMM - 2-1 daily, 3-2-1 weekly. Neutral daily setup, but weekly is set up for a solid reversal if it breaks to the upside. Calls above 119.24, puts below 116.79
UNH - 2-1 daily. Big red day thursday with an inside bar friday. FVG to the downside and bearish engulfing weekly candle. Ideally want downside. Puts under 469.80
FDX - 2-1 daily. Rejecting off the top of a FVG on the daily. Gap to the downside also on the daily. Looking for a pull back. Puts under 211.42
HON - 2-1 daily. 2-1-2 active on weekly. Looking for downside. Not the best setup but its valid. Puts under 201.61
UAL - 2-1 daily, and 1-3 (Green) weekly. Not a huge fan of this setup, just because of how this stock moves, but it looks strong. Calls over 52.13
XOM - 2-1 daily, and 3-1 weekly. Not much to say about this one. Looks good to continue up. Calls over 114.14


Honorable Mentions:
2-1s - NVDA, DIS, LULU, UNP, DE
3-1s - TXN