Watchlist 2023-05-01 $SPY $JPM $NCLH $SOFI $PINS $APLS

SPY - well after and week of ranging between 415 to 410, early last week we broke down to 406. However, it only took 2 days to reverse 8 days of those losses and are now trading right back at 415. This morning to continue higher a heathy pullback to 412 would add fuel to this bull fire. While a look above 415 and a quick rejection down would give signs for and early , and potentially more aggressive more down. But anything is possible. Investors are awaiting the FED decision on interest rates on Wednesday.

JPM - regulatory authorities confirmed that First Republic Bank has been seized and that JPMorgan Chase & Co has agreed to purchase most of the bank's assets. Investors are liking this news as JPM jumps 2 ATRs in the PM into the 144 range resistance. If there is consolidation here for a few min on the only this is a 10/10 level to buy a BO. The market previously acted very favorably when UBS bought the troubled Credit Suisse for pennies on the dollar and it looks like JPM is only getting a massive discount on this deal. JPM is only setting up with a beautiful daily buy setup which makes the BO more powerful. The only downside is the lack of PM vol which could be misleading due to the april 14 when it had 6 PM vol

For further confirmation of a trend day, watch for:
ADD pinned near +\-2000
VOLD ratio over +/- 3
TICK cumulating past 0 wicking to +/-900

PINS - fell on lower earnings on Friday's session. Trading 5 RVOL this PM. Had multiple price target adjustments 1 dollar lower but the vast majority of the targets are a few dollars higher than the current price. Trading 5 RVOL in the PM session. Making a tight range at 23, which is also the 3 month pivot. If pins can trade above the pivot of 23, and can get past the 23.25 PM resistance form Friday. I think we could see 24, and potentially 25.

SOFI - Q1 Loss Narrows, Net Revenue Rises; 2023 Adjusted Net Revenue Guidance Raised. 6.30 was the tough level to get past on Friday so there is plenty of demand there. If we get a sell off early on , looking to buy this level. However, if we range off the open, and put in a clear inflection, I would also buy a Break above inflection, I could see a level forming at 6.45 as that's the 200 EMA.

NCLH - buy over 13.75 if there is consolidation at that level first. Don't want to be firs to this trade.

NASDAQ:ALPS - under 78 sell.