SPY - No bias in SPY today with no significant economic data, low PM vol, looks like a high probability of an inside day after PD wide range bar.
Short Watches: KDP - lower Long-Term Sales Growth as Fourth-Quarter Profit Misses. Down 1.7 ATRs on 1.2 RVOL at time. Key Pivot 34.15. Under the 200 MA and gapping under a channel. Negative is the rising 9 and 21 EMA. Looking to short underneath the pivot but being cautions as it could be support. Target to possibly 33.40 as I don't think it has another ATR in it.
Long Watches:
AHCO - Swings to Loss in Q4, Revenue Rises. Down 6.7 ATRs in the PM. Key pivot is between 6.90 and 16.60. Potential capitulation trade if we see a flush out below this level and then start to close above - look for long entries. The best trade will happen if there is more consolidation.
HIMS - Q4 Net Loss Narrows, Revenue Climbs; Guidance Set above expectations. Key level is 20 not only because the pivot, it's also the base before the 2021 insane rally. Clear skies above this level on the daily. I don’t love the PM activity, looks like the shorts are in control for the moment, has ran up to 3 full ATRs from PD close. But a test and hold of 10 would be super favorable. Looking for longs in 10.00 holds.
TGNA - down 10.0 ATRS in yesterday's PM! rallied past the key 17 level. Sequential pullback in PM on high RVOL of 6.5! Room to 18 next pivot.
AI - forming a wedge on the daily. Would preferring to see one more daily of consolidation, with fakeout below 21.38 or a double top at 22.80 where prices has a more clear resistance to breakout from. Either of those scenarios I am interested in a long with target to 26 area.
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