Futures currently down decent. I had taken some nice IWM SPY and VXX positions just for this. May make a day where I just locked half right out the gate (if we open here that is or lower) and then let the day just pan out how I expect it to. We have yet to have a really big down day and this one setup pretty close to the one in Feburary of 2018. DO NOT TRY TO BE A HERO TOMORROW is my main message. If market starts to just fade it will fade heavy and farther than you expect. I think we are starting to see what this virus can really do to the world economy and fast. Be nimble and be smart.

I do think, and this might be a few months out depending on how serious this gets but these can be multi year lows, so if you are interested in snagging some of your favorite names at deep discounts then be prepared. There are several names out there that I will be  looking for in the coming weeks just for this reason. Here is my main focus for the am.

SPCE – If this cracks $30 tomorrow I will not even watch it until the next morning. This is loaded with longs and if any start to panic, I expect a massive unwind into $25s this week if not tomorrow. Up basically on pure air and can go down on pure air, along with the 90,000 longs right now. I consider the top to be in on this at that $40 level for quite a while.

PTON –  Played over the weekend puts on this lock-up play. I would expect it to be just like all the others. Morning smash and likely short covering all day long. If market stays heavy we might have a big unwind though. Only stock I can recall in any capacity was TWTR to fade all day on its lock-up expiration.

TSLA – I expect this one being it a high flyer to have a decent shred. However near highs so will be trading purely based on the action

NET – If market does catch and start to rebound at any point tomorrow this will be main watch for heavy long sided trade.

CAN – $6 level is huge and Bitcoin currently testing that $10,000 level as I am writing this. Can be a big mover if bitcoin decides to grind higher all day. Lot of fresh shorts in the name since the last run and I expect it to skip up fast like that previous move.

APT – Thick until $6 breakout if we can get it. Fears of the virus are at the forefront right now I think so action here will be similiar to how I would treat a VIX ETF.

CLDX – $3.25 breakout and base for continuation. May depend all on how overall market is but if it firms up will look here as well.

CETX – Worth an eye on that $2 breakout since it pinned some shorts after hours on its PR.