JSC Scan 3/23/20

by | Mar 21, 2020

APRN- two massive red days here, on SSR, similar to old virus plays, thinking we could flushout 8-8.50 level there I would be looking to get long using that 8 or 8.50 as a guide

SPY- Not saying we do but am prepared for larger washout on panic gap down to 210 area for SPY check november 2016, would be looking to see how we react if we open a lot lower, I think best route is waiting for confirmation if buying high beta names

WTRH- ideally sub 1 washout for long

AMD- looking for break of 200 MA using 38 guide for risk long

GS- if we get big washout going to be looking 120 guide for long here, see how we open

JBLU- see if we form a higher low for now using 6.50 guide

RCL- put in a decent higher low, what I want to see here is this finding a higher bid when the SPY sells off, looking 21.50-22 guide for long first higher lower put in

SABR- 3$ guide for long, this thing is destroyed, not saying it cant go lower, but going to take a shot if sets up long

NVDA- 190 guide for long

NFLX- 320 guide for long, has been holding well vs peers in current environment

ZM- perfect example of relative strength here, finding new highs as market finds new lows, 127 guide here for long

NET- 20.70 guide for long, holding nicely here,

EXPE- 45 guide for long

ENPH- 24.50 guide for long, if fails will move on quickly

UVXY- going to be looking for small gap ups if market goes down overnight, looking 104-107 guide for a short if we gap down big, see where we are premarket to get levels

MAR- 80 guide for ss, huge move of lows here

ROKU- 73 guide for long, been holding nicely, but again if this fails, don’t try to pick bottom

COST- 282 guide for long, may perform well under this situation

AMZN- 1810 guide for long

AAL- 11 guide for short, if forms higher lows will avoid, but for now this is failing every up move

USO- want to see 4.50 base form for higher lows

OXY- 9.80 guide for long w/ USO basing

SLB-13.50 guide for long same oil name so with USO here

XOM- 30 guide for long im looking at 2002 lows here, my lord

 

 

 

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