AAPL HAD A VERY WEAK CLOSE TODAY. IF AAPL BREAKS UNDER 372 IT CAN FALL TO 365, 360. WATCH SPX TOMORROW. IF IT CANT GET BACK OVER 3154, IT CAN DROP DOWN TO 3126, 3100. TECH STOCKS LOOKED VERY WEAK TODAY. AAPL, AMZN SHOULD LEAD THE MARKET LOWER IF WE SEE A SELL OFF. TRADE IDEA: UNDER 372, 365P 7/10 OVER 372 CAN MAKE ITS WAY BACK UP TO 375, 378, 380.
AMZN BROKE UNDER 3000 TODAY BUT WAS QUICKLY ABLE TO RECOVER. WATCH 3000 LEVEL. IF IT BREAKS UNDER, IT CAN DROP TO 2956, 2930, 2900, 2880, 2871. TRADE IDEA: AMZN UNDER 3000, 2900P 7/10
SPX FAILED AT 3180 LEVEL AGAIN TODAY, AND CLOSED AT 3145. SPX NEEDS TO GET BACK OVER 3154 FOR A MOVE BACK UP TO 3180, 3200. IF SPX CANT RECLAIM THE 3154 LEVEL IT CAN FALL TO 3100, 3090.
GO SHORT UNDER 1400 FOR A MOVE DOWN TO 1228. TRADE IDEA: 1250P 7/10 GO LONG OVER 1400 FOR A MOVE UP TO 1500. TRADE IDEA: 1500C 7/10 THE MARKET STARTED TO PULL BACK TOWARDS THE END OF THE DAY TODAY. SPX FAILED AT 3180, AND 3154. IF SPX CAN'T RECLAIM THE 3154 LEVEL EARLY ON TOMORROW, IT CAN MAKE A MOVE LOWER TO 3127, 3100, 3090. AND IT CAN DRAG EVERYTHING DOWN...
TSLA HAD A VERY STRONG CLOSE. WATCH 1400. IF TSLA BREAKS AND HOLDS 1400 IT CAN MAKE A MOVER HIGHER. IF 1400 FAILS YOU CAN GO SHORT ON IT. TSLA IS UP ALMOST 400 AFTER BREAKING THE 1000 LEVEL. ITS POSSIBLE TSLA CAN START TO PULL BACK HERE. THE 1250P IS ONLY $750. IF TSLA OPENS WHERE IT IS AH, IT'LL ONLY BE AROUND $500. THIS IS A PRETTY DECENT LOTTO. IF TSLA FAILS...
So, at 2:00 today SPX started moving lower, but AMZN was moving higher. I saw the 3100c premiums were going up in value. Also, AMZN looked good all day today. That's when i took a small position 3100C and was able to make a quick 20% profit on it. So, if SPX did start to move higher, AMZN should lead the market higher.
BA LOOKS VERY STRONG TODAY. IF BA CAN CLOSE ABOVE 186 IT CAN MAKE A MOVE TO 200 THIS WEEK. TRADE IDEA: 200C 7/10 $340 **BA IS VERY NEWS INFLUENCED. SO BE CAREFUL WHEN TRADING THIS.
53 IS A MUST HOLD LEVEL. IF 53 BREAKS NKLA CAN DROP BACK TO 39. TRADE IDEA: UNDER 39 45P 7/11 **NKLA PREMIUMS ARE VERY HIGH. I WOULD RATHER JUST BUY/SHORT STOCK IN THIS.
GOOGL NEEDS OVER 1475 TO MAKE A MOVE TOWARDS 1500. TRADE IDEA: 1500C 7/10 IF GOOGL FAILS AT 1475 IT CAN MOVE TO 1449, 1436. TRADE IDEA: 1450P
IF NFLX CAN HOLD OVER 474, IT CAN MAKE A MOVE HIGHER TOWARDS 500. TRADE IDEA: 500C 7/10 IF NFLX BREAKS UNDER 474, IT CAN FALL IT 459, 453. TRADE IDEA: 450P
I WOULD GO LONG IF SHOP CAN BACKTEST THE 1000 LEVEL. TRADE IDEA: 1075C 7/10 I WOULD GO SHORT IF SHOP BREAKS UNDER 1000. TRADE IDEA 925P 7/10 levels below 928 are 900, 875.
SPOT HAD A STRONG CLOSE ON FRIDAY, CLOSED OVER 271 RESISTANCE. AS LONG AS SPOT HOLDS OVER 271 IT CAN MAKE A MOVE HIGHER TOWARDS 300 THIS WEEK. TRADE IDEA: 282.5C 7/10, 290C 7/10