Uncertain times we are in right now. Everything is full on panic sell mode.
At this point I do NOT think we get a big wooosh but just the pure exhaustion of sellers and a w shaped bottom. However, all bets are off and anything can happen at this point. It looks like NCLH is toast so be careful there. Coming up with a decent scan tonight has been very tough so I am going to stick to the big names I know and trade accordingly.
CCL – Maybe $11s tomorrow. At this point I am guessing but will be 100% reactionary.
RCL – Could still go BK but worth a trade in there.
BA – Unreal move here really. Unfathomable really. $135s washout for long.
SBUX – Likely sees the $54s tomorrow but would prefer $50 washout
AXP – Possible $75 or lower for washout long.
JPM – Will be looking for that $80-77 washout for bounce trade
Hmmm JPM 2 time ?