Great event this weekend and hope many were able to catch the speakers. I think we raised over 135k during the virtual conference and it was pretty fun to be a part of it. I wanted to bring as much as I could to the table for what I assumed would be mostly new traders looking to get information. 10 minutes wasn’t much but I felt like I provided what I could during that time. I just have this feeling last week was a pure relief rally in the markets. The economic data out there and just the sentiment that I have right now it pretty negative. I expect a drift lower this week after that monster bounce off the lows. Here are the names I will be watching tomorrow.
FDX – Morning long out the gate depending on the market overall but this USPS issue is only a + for both of the names below. Not going to guess the open but if we can clear back over $125 will be looking for the long and calls for the entire week.
UPS – Over $100 gap up and I will take the $105 calls
CHWY – Monster buyer in this lately. I mentioned last week that even I started it use it on twitter. Anything this week near that breakout retest for a long. Thinking if we get weakness near $40 or $38 that it would be a great entry for a long swing with $34-33 as risk.
BIOC – Killer swing and big move near .50 after hours. I hope it gaps at this level as I would have sold off some had I been near the computer. I expect an open around .42 though. Tends to not do well on day 2 of a move so we shall see. The testing PR is a notable reason to trade the stock though.
UBER – Like this as a long for the week. Going to look at the $30 calls within the first 30 minutes of the day. Uber eats has been reporting a surge in use. Granted they are doing free deliveries, so the only + is the increase in usage numbers.
RCL – Anything near $43 for the short and puts. I think if anything retests or goes lower it will be this sector.
KHC – Think this might be overplayed but still worth maybe some calls in the am.
PLNT – Morning pop for short
NBY – They have sold out of the 10-pack N95 masks on their website. So worth just an eye, Tends to only get a decent intraday move and if they PR that could be interesting. Only care to swing if over $1
Thanks. Going to watch UBER as well
thanks
Thanks