OddStockTrader Scan 2/26/2020

by | Feb 25, 2020

Really only 1 scenario that I will want to see tomorrow and basing all trades off it as well. Market closed at basically lows and think we are going to get some nice hard panics in the morning. Likey some loaded market sell orders queued up across the board. For anyone that remembers, review Aug of 2015 for what I think we are in for at the open. However, and positive, let highly unlikely virus news will ruin all of this. Here is my plan.

NET – Amazing relative strength here last two days. If market gets crushed tomorrow and this stays here. Will be my main watch for long. Calls traded as well today and that $22 breakout is sure to be a big one imo.

AAPL – Setting some $268 and lower prayer long orders for the open. Will likely ignore unless massive washout.

MSFT – Strongest tech name right now so if SPY turns, I do think this will be one of the larger movers to the upside. Decent amount of $175 weekly calls traded today.

MAR – Ideally $120 washout at open for long.

RCL – Amazing fade off the highs here and the other 2. Maybe even $80 washout tomorrow as this just faded hard all day with no real panic. If panic comes and market rebounds, will look to take all three of these names below.

CCL – Amazing shred here too. Maybe $32.50 washout for possible bounce long but won’t marry it. These both can go lower then we think.

NCLH – Sub $37 possible scoop long.

ARLO – Held up decently well on earnings so if rebound will look to scale in here.

3 Comments

  1. Thanks

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  2. Thanks Boss

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  3. Thank you

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