4/10 Watchlist + Notes
Initial Thoughts - Solid week last week, questionably bullish this coming week, lots of finance/bank stocks report ER this week, CPI this week.
SPY - On Wednesday I mentioned on my watchlist that I was cautiously bearish for a few reasons. Turned out my suspicions were valid because we pushed lower early on in the day Thursday before pumping the rest of the day to create a bullish engulfing daily candle. I was really hoping this wouldn't happen, but we play the cards that we are dealt. Going into next week, and specifically monday, I am looking for a move to the upside. I am still hoping we overall head lower on the week, but it seems like we could be due for a retest of that 412 level we touched on last week. I have upside targets loosely set at the 410 and 412 areas. I am still remaining cautious as we are still at a critical level on the longer time frames, CPI data comes out this week, and there are some heavy ER reports coming from the financial sector, which could all make this coming week very volatile. OVERALL BIAS: Skeptically Bullish. I think we test 410 for sure either in premarket or RTH. Once again, I am basing my bias on what is in front of us, and what makes the most sense for the next session. Expecting this week to be very volatile
Watchlist + Bias:
AAPL - 2-1 Daily: Neutral
PFE - 2-1 Daily: Neutral
BIDU - 2-1 Daily: Bearish
PEP - 2-1 Daily: Bullish
BABA - 2-1 Weekly: Bullish
CRM - 2-1 Weekly: Neutral (Sitting at FVG on weekly)
SQ - 3-1-1 Weekly: Bullish
Main Watch:
SQ - Was watching this one last Thursday and we didn't go anywhere. I have high hopes that we will break out to the upside this week. Entry around 70, stop below 66. Targets around the 80 and 83 area. Simple as that. More to be said about this one come end of day monday, but for now, we are going into monday off of a bullish engulfing candle on the daily.
Previous main watch:
SQ - not a winner or loser. Explanation above
Stats from last weeks watchlists:
4/4 on SPY predictions
3/4 on Main Watch Plays. (technically 4/5 but im not counting thursday)
Top winner: DOCU (400%+)
Personal Stats:
4/5 Win/Loss (80% Winrate)
Overall green week
Slow start but finished well
Good luck tomorrow. Watch SPY and VIX at all times throughout the week
SPY - On Wednesday I mentioned on my watchlist that I was cautiously bearish for a few reasons. Turned out my suspicions were valid because we pushed lower early on in the day Thursday before pumping the rest of the day to create a bullish engulfing daily candle. I was really hoping this wouldn't happen, but we play the cards that we are dealt. Going into next week, and specifically monday, I am looking for a move to the upside. I am still hoping we overall head lower on the week, but it seems like we could be due for a retest of that 412 level we touched on last week. I have upside targets loosely set at the 410 and 412 areas. I am still remaining cautious as we are still at a critical level on the longer time frames, CPI data comes out this week, and there are some heavy ER reports coming from the financial sector, which could all make this coming week very volatile. OVERALL BIAS: Skeptically Bullish. I think we test 410 for sure either in premarket or RTH. Once again, I am basing my bias on what is in front of us, and what makes the most sense for the next session. Expecting this week to be very volatile
Watchlist + Bias:
AAPL - 2-1 Daily: Neutral
PFE - 2-1 Daily: Neutral
BIDU - 2-1 Daily: Bearish
PEP - 2-1 Daily: Bullish
BABA - 2-1 Weekly: Bullish
CRM - 2-1 Weekly: Neutral (Sitting at FVG on weekly)
SQ - 3-1-1 Weekly: Bullish
Main Watch:
SQ - Was watching this one last Thursday and we didn't go anywhere. I have high hopes that we will break out to the upside this week. Entry around 70, stop below 66. Targets around the 80 and 83 area. Simple as that. More to be said about this one come end of day monday, but for now, we are going into monday off of a bullish engulfing candle on the daily.
Previous main watch:
SQ - not a winner or loser. Explanation above
Stats from last weeks watchlists:
4/4 on SPY predictions
3/4 on Main Watch Plays. (technically 4/5 but im not counting thursday)
Top winner: DOCU (400%+)
Personal Stats:
4/5 Win/Loss (80% Winrate)
Overall green week
Slow start but finished well
Good luck tomorrow. Watch SPY and VIX at all times throughout the week
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