I’m gone Tomorrow but Here’s the Watchlist

So…my A-hole of a neighbor is deciding to take some legal action against me, so I have to deal with this crap for the next few days. I’m not going to get into it but why can’t people just be like, ya know, normal and not crazy.

The market is down as I’m writing this so tomorrow could be the day the levy breaks. If we gap way down at the open, watch to see how the market reacts at the bell and for the first hour or so. If it busts under 3900 and a weak backtest comes, that would be one sign there’s more pain ahead. If things linger around 3900-3915 for awhile that would be harder to predict. Maybe things sell off later and maybe they don’t. Or possibly, buyers step in and we go higher on a gap fill. If buyers do step in, be quick to take profits because the market could reverse lower quickly.

Keep position size small. If the market does start a big run downwards, small positions can turn into big winners. No need to size up and take extra risk.

Thursday’s watchlist:

$NFLX 305p<314-315 roll up

$PYPL 72p<73.1

$QQQ 289p<290

$SPY 392p<393.38

$SQ 80c>78

On Watch:

$AMD 81c>80

$AMZN 90p<91.5

$BA 205 rejection 202.5p

$COIN 70c>67.5

$DASH 55.5 rejection 54p

$TSLA reaction at 190