Watchlist 2023-02-23 #TDOC #BBWI #HD #TGNA #NVDA #BABA
SPY - as I mentioned the prior day, the selling did not stop. SPY rejected the 400.30 level twice yesterday and ended the day with the final flush down to 397. Gapping up this morning on light vol, if we can hold the 400.30 level , we could see a grind higher to 402, and maybe 404. Expect multi rejects off those levels as we haven't made a significant short-term daily bottom by any means.
Short Watches:
TDOC - EPS miss, while fiscal 2023 revenue estimate misses consensus. Below the 200 EMA, falling 9/21 EMA. Below 28.38 pivot. Roo, to 25.81 (be aware of the high vol node at 27). Down 0.70 ATRs on 1.5 RVOL. Decent setup in this bearish environment, no pivots to hold this up immediately off the open
BBWI - slides premarket after earnings beat is offset by soft guidance. Down a.5 ATRs, RVOL of 2.5 (both great). Gapping below the 39.60 key pivot into a new range. Clear signs of rejection higher with a suto- H&S, and reversal green bar, below the 200 EMA and downward trending 9.21 EMA. A+ setup with room to 35. Needs a particularly strong day as ATR is 1.7
HD - continuation from 2 days ago strong selling. Forming an daily 3 bar play. 295 key level to break for downside momo.
Long Watches:
NVDA - Bullish fakeout below 207 to flush out early longs and add shorts. key level 232.85.Needs to hold this level for a long.
Other watches:
BABA - reported lackluster growth for Q4 earnings. VERY key level is the 200EMA coinciding with the 1000 price level. A failure or reclaim of this level could bode for a position in either direction - keep on watchlist.
TGN, PANW
I focus on names trading elevate RVOL>2, trading past key ranges and pivots, preferably with news catalysts.
Yellow = Support
Purple = Resistance
Red = short opportunity
Green= long opportunity
Short Watches:
TDOC - EPS miss, while fiscal 2023 revenue estimate misses consensus. Below the 200 EMA, falling 9/21 EMA. Below 28.38 pivot. Roo, to 25.81 (be aware of the high vol node at 27). Down 0.70 ATRs on 1.5 RVOL. Decent setup in this bearish environment, no pivots to hold this up immediately off the open
BBWI - slides premarket after earnings beat is offset by soft guidance. Down a.5 ATRs, RVOL of 2.5 (both great). Gapping below the 39.60 key pivot into a new range. Clear signs of rejection higher with a suto- H&S, and reversal green bar, below the 200 EMA and downward trending 9.21 EMA. A+ setup with room to 35. Needs a particularly strong day as ATR is 1.7
HD - continuation from 2 days ago strong selling. Forming an daily 3 bar play. 295 key level to break for downside momo.
Long Watches:
NVDA - Bullish fakeout below 207 to flush out early longs and add shorts. key level 232.85.Needs to hold this level for a long.
Other watches:
BABA - reported lackluster growth for Q4 earnings. VERY key level is the 200EMA coinciding with the 1000 price level. A failure or reclaim of this level could bode for a position in either direction - keep on watchlist.
TGN, PANW
I focus on names trading elevate RVOL>2, trading past key ranges and pivots, preferably with news catalysts.
Yellow = Support
Purple = Resistance
Red = short opportunity
Green= long opportunity