Watch List for 04/02/18 from Alex

 

Saturday Morning Blog #2: Shorting Parabolic Moves, Timing for Size, Being Exhausted, Minimum Capital Needed. 

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NFLX: Not sure what to expect in the morning. If it can clear $297s its probably a straight shot to $305-$307 (market permitting) … Will be looking for a weak open using $290 as a guide in the morning.

INTC: I like the daily chart here. $54ish is the daily breakout. $60 is possible near term if we break it. Will be looking for a dip using $51 as a guide. Might just be one giant stuff at $55, but I like the risk / reward here.

TSLA: Not sure what to expect. Wouldn’t really be interested in the short until a $300 test and fail. It was trading down after hours on Friday due the the car recalls. Ideally a weak open $255 and using $250 as the guide for a rebound. If this thing stays heavy can REALLY continue to unwind.

FB: Looking like a short term bottom is in at $150. No bias here. Either gap up push near $170 for the short or gap down wash and long near $155 for a rebound.

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