Hope everyone had a great holiday break. The market that we are in as you know(hopefully) has been ruthless on the sell side, and until something changes I would expect that to continue. Following a trend doesn’t just apply to individual stocks, you should be following the macro just as tightly as you do individual names. That means having levels for SPY QQQ IWM(just to new a few). A lot has been going on with Natural Gas and Oil Plays, so I think it is important to have a list of those as well. Not that you need to be trading DGAZ UGAZ etc but can have names like OAS and WLL on your board because they usually provide for a pretty good trend.
OSTK- Will be using 19.50 guide for a long here but will be cautious. They are selling their retail business to focus on Crypto which is in the gutter for now. So no longer term confidence, just a day trade.
SQ- will use 61 guide for a long
NFLX- trend join here either 255 area bases or will use hods as resistance for a short
PDD- like the comeback here and there has been a few large block buys in past couple days will see if 21.50-22 holds for a trend join
NVDA- they have been selling pops so far so will use 148 guide for ss if it can find support in that area will look for the other side of the trade
ANY- they keep saving this thing so will see if 6.20 can base( only interest in a long for me here)
ABIL- absolutely murdered with selling + offering will look for an ANY style rebound using 2.50 guide
AMRN- will look for this to find resistance 19.50-20 think we can have an all day fader here soon
MU- using 36 guide for a long think its due for a bounce
AMZN- will look for big washouts in next coming days for a trend join long
Thanks man!