MACRO Markets:
SPY- snapped 20 day hard on Friday , whatever the news is I kind of look at as noise and mainly am focusing on price here, looking 451 area, which is towards the 50sma, and see if we find support
QQQ- looking vs 387.42 which is where we found support early November then the 50sma, downcycles are sharp and swift so it wouldn’t surprise me to see more selling
IWM- looking vs 217 area, this is worse and is diverging from SPY and QQQ, broken all major moving averages, thinking speculation can die a bit if index doesn’t reclaim
ARKK- looking for this 104 level to get heavy would short pops vs 107 until trend changes
SOXL- would look to short pops vs 10day 65.20 area
VXX- beautiful all day move post opening range breakout through 23.20 area, will look weak open vs 24 for another setup
UVXY- watching with VXX can trade either or
TQQQ- looking to short pops vs 164.20 area
COVID Names
PFE- big move on Friday but most of the range was premarket and right on the open, will look vs 53 area, though would rather trade MRNA
MRNA- will look vs 323 area and see if one day pop or more in store with Omnicron move
BNTX- looking for sympathy trade with MRNA
AHPI- potential weak open setup vs 6.70s but I don’t love the setup here
Tech/Growth – some recent and some beaten down names
UPST- testing over under the 150day MA, will see if 203 can find a base and will look weak opens for potential opening range b/o
PYPL- still extremely weak in no mans land but looking this week if 183 area can build a base
PTON- will monitor vs 44
U- going to mointor vs 20day one of the most recent leaders
S- will see if 55 can base out
TDOC- will eye vs 107-108 area, key thing here is a lot of these work from home names are beaten down and nothing to get attached to , they are in downtrends, am looking for a trade only if they can find higher lows
SemiConductors
NVDA- will be looking short vs 319-321
AMD- like short vs 157
SOXL- will be watching the index as state above
Other
ISPC- will be looking vs 21-22 for a short play
CARS- will be looking vs 14.80-15.10 potential weak open opportunity, huge volume came in here
ARQQ- looking vs 32 area
NEGG- just monitoring after big move
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