Sunday, May 9, 2021

Sunday Prep (May 9) with RickyAnalog

How I plan to make money this week. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

SUNDAY PREP

with RickyAnalog
VIEW COMPLETE SUNDAY PREP HERE

Alright everyone, it's that time of the week again. I'm watching the following names:

$ES / $SPY, $NQ / $QQQ, $BTC, $ATVI, $TMUS, $PYPL, $FSLY, $BYND, $DKNG, $CVS, $BGFV, $NUE, $WKHS, $TSN, $SPCE, $VUZI, $WYNN, $PLTR, $JMIA, $FUBO, $EA, $SONO, $BABA, $YETI, $BILI, $DIS, $ABNB 

BROADER MARKET

$ES / $SPY (Daily)

Exactly as predicted last week, the ES tumbled right down to our low 4100s when we lost the previous week's lows. But the probe down there proved to find buyers and it was defended very well. Afterwards we put in a nice long trigger that took us right back to all-time highs and higher. So the trend remains intact and everything still looks healthy. Interested to see what happens if we shove hard into the 4270ish area. If we do, I  will be looking for extended names that offer a nice edge for reversion trades. 

If instead we flush down and test 4200ish, I will be looking for longs on strong names that have also been holding some key levels. 

$NQ / $QQQ (Daily)

The Nasdaq remains sluggish and is still attempting to find it's footing to try and catch up to the ES/SPY. Friday rejected the underside of the 20d pretty convincingly. Until we can reclaim that level, I see no real reason to be bullish on the index or any of its components. The big names that reported earnings over the last 2 weeks still haven't caught a real bid and as we mentioned last week, if this composite is to get some strength, the leaders need to LEAD. If we loses last week's lows, not very confident that the 50d can save it. 

BTC (Daily)

$BTC even though we've reclaimed the 20d, this chart still looks broke to me until we are able to make new highs. Till then I'm watching for signs of this to be lower high. But if there's any vehicle out there that constantly surprises, it's Bitcoin/Crypto and the cult it's built up. 

LONG SETUPS

Strong Stocks Looking for Continuatio

$ATVI
$TMUS
$PYPL

LONG SETUPS

Oversold Reversion Setups

$FSLY

SHORT SETUPS

Weak Stocks Looking for Continuation

$BYND
$DKNG

SHORT SETUPS

Overbought Reversion Setups

$CVS
$BGFV
$NUE

EARNINGS PLAYS

$WKHS
$TSN
$SPCE
$VUZI
$WYNN
$PLTR
$JMIA
$FUBO
$EA
$SONO
$BABA
$YETI
$BILI
$DIS
$ABNB


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