Happy weekend all,
I hope you are enjoying your weekend. As a reminder, we are in the midst of earnings season. Here is a calendar for the upcoming reports: https://bit.ly/3hNDhGH
Now is not the time to be going long with any stocks. In reviewing the SPY & QQQ charts, we're coming into some resistance points along with some bearish divergence. When you take that data, along with the fact this it has been quite some time since we've had a pullback, then one can only surmise that we're due. Short-term trades will prevail. Patience is paramount.
Below are some ideas for some trades I will be watching for tomorrow:
$ADSK <292.61 (290P) TGT= 290.08/287.74
$ATVI < 90.61 (90P) TGT= 89.62/87.44
$DD < 75.84 (75P) TGT= 74.54/72.19
$EAT < 57.49 (55P) TGT= 55.49/54.27
$MRNA > $288.88 (300C) TGT= 300
$TSLA < $637.66 (630P) TGT= 631/621
Enjoy the rest of your Sunday.