Wednesday, June 23, 2021

Midweek Watch w a former market maker 

Analysis on   $CZR, $YETI, $NUE, $TIGR, $ABNB, $PLUG, $AFRM, $LAZR, $UPST ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Midweek Watch w a former market maker $CZR, $YETI, $NUE, $TIGR, $ABNB, $PLUG, $AFRM, $LAZR, $UPST

with Jason - TheGoose
Watch on Youtube

$SPY/$QQQ - Market was flat. Dow and SPY closed down. QQQ set another record. Market has been funny. Some big runners and then some names where there was zero follow through. It has not been the easiest of markets. 

$CZR - I love playing stocks off the century ($100) mark. You've got the previous low, monthly pivot, 50d near $102 area. Right below $100 is the Annual Pivot. These round numbers are psychological levels. They tend to hold. I love trading off these levels.

$YETI - $88 and $86 are my levels. I'm referring to 50d, 20d, pivots. I look for weakness early in the morning move. Moves must be EMOTIONAL into key levels for me to want to take the trade.

$NUE - I like when price hugs the 50d. My levels are 95.50 (50d) and 94.50 (Annual pivot). Lookin for $1 - $2 move, maybe 3-5 . I might leave a 1/3 or 1/4 for a bigger range. I might take a 1/3 for $1/share profit. Second target may be $1.5/share. Leave last bit for a big OMG move.

$TIGR - 25.10 and 24.20 are my levels. Closed close to highs today. I like to see close above 20d SMA. I like to see close above moving averages. 

$ABNB - 147.80 is my level (today's low, annual pivot, and 20d). Many times when you see 20d passes through 50d you often see a jolt in price. Not sure this will happen tomorrow (that would be pretty big) but I'll be watching for it these next couple days.

$PLUG - I want to be around for this one. Closed on highs and I'm looking for a retracement. I have $32 area on my list. I want to be around when PLUG tests those levels. It may happen Thurs or Friday. It could push into 34.50 and then it's clear sailing to 36-$37.

$AFRM - 63.30 (previous low) and 62.50 (50d). Interesting action. Closing above 50d with a hammer candle. I'm looking for a $73 push. 

$LAZR - It's near 50d, 200d. Lots of support. It's on a short-term down trend but big picture it's holding up. Today ended on a green candle. I like the risk off $22 area to see if it turns. About $1.50 range - not a ton) - but great risk reward. 

$UPST (big one) - ATR is $14.30 - huge range! SIZE ACCORDINGLY FOR THESE RANGES! Make sure your risk reward is in the right place. $122.20 (50d) and 119.40 (previous low). If it breaks through these two my next level is $110's. I like these consolidations for another leg up. Maybe if after 9:45am and it makes a higher low into those levels and I'll be in it. 

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