Watchlist May 15th 2019

/ES - It appears that the S&P 500 is obeying its channel today. I’ll be preparing for downside with puts and be very careful with calls. Looks like yesterday was just a corrective rally.

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NFLX - Chart wants to give up its major support, I’ll be considering a put swing today if this support breaks.

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Another look at that support line on the daily. If I enter a put swing My first PT will be the 200 sma.

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BABA - Hard rejection at previous demand line. I’m expecting a small rally followed by selling this morning.

BA - This is my top watch this morning for puts - pretty much out of the gate. I’ll wait a few minutes and short on weakness.

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UVXY, SQQQ, VIX all on watch for upside.

Watchlist May 10th 2019

SPY Tariffs have been increased on Chinese goods. Our market has been continuously pricing in a trade deal since January so I personally anticipate more downside to come. However today president Trump is meeting with Chinese leadership and I think the market will hold off on major selling in hopes that a trade deal “gets done”. Stay nimble.

BABA - After many day's selling off I expect to see some upside today prior to Trumps call with Xi. I’ll watch for call opportunities on dips to $179s. After the call is anybody’s guess so stay nimble.

JD Nice, earnings beat this morning after a very bullish recovery day yesterday. I’ll be watching for continuation. I’d like to see $28.93 hold as support in order to remain bullish. Again, the tariff discussion can send us in either direction.

Z Zillow beat ER last night. We’re selling off this morning. I’m bullish above $38, and will evaluate puts if sell off continues.