JSC Scan 3/16/20

by | Mar 14, 2020

What an insane week, definitely think we are in a hit and quit market right now, been 3 fridays of buy ins at end of the day followed by major gap downs. I will be looking for SPY to find a ST bottom but I have no Bias, execute a plan, if it doesn’t work, cut it fast, there is unlimited opportunity daily. No reason to get yourself into a knife fight.

OIL- destroyed looking for a bounce here would like to see USO hang over 7.-7.20 

OAS- thinking a big bounce of lows here, looking .40 guide to risk for long

XOM- 36.50 guide for long

OXY- 13.80 guide for a long, like that Icahn is in here so big, 80mm ++ shares, the thing is wrecked, cut dividend, like bounce play

SLB- 15.20 guide for a long, another beaten down oil name

PDCE- 7.70 guide for long

 

TVIX- there really hasnt been any decay, got chopped on this on friday, small size I let it go to far against me, this is why I am posting to cut the losses fast regardless of size in this market, the moves are too big to stay wrong, looking 360-70 to top out for a short trade here

 

VXX- 45.50 guide for ss

GROWTH NAMES- 

ENPH- fast 50% drop in this name w market, looking for weak open and sharp bounce of 31.50 lows from Friday, going to be in and out on these, not looking to stick around , not yet anyway

DDOG- 34 guide for long

TTD- 186 guide for long

BLUE CHIP/ NASDAQ

AAPL – 268 guide for long, when market dips and holds key spots, will be looking to scoop up AAPL for short term bounces

ORCL- 45.50 guide for long

MU- weak open 41-41.50 guide for long

AMD- weal open 41.80 risk for long , btw guide=Risk,

FB- 165 guide for long

AIRLINES 

AAL- 13.80 guide for long

JBLU- 10.60 guide for long

DAL- 36 risk for long

 

 

 

 

 

 

 

 

3 Comments

  1. not able to see any of the chart images. they aren’t loading

    Reply
  2. great scan though, thanks!

    Reply
  3. wow amazing scans thanks

    Reply

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