Watchlist May 14th 2019

SPY - Looking at a small relief rally today, most likely an inside day with minimal momentum. Watching resistance at $283.37 and $285.79 and support at 279.93 area. The 5/15 call volume outweighs puts, so perhaps we’ll close positive on the day. As always, I’m keeping a nimble bias.

NFLX - Nice bounce off multi-month support. I’m expecting this support to hold for now and for us to see a small rally and potentially close inside-day and green. I’m not expecting a lot of momentum here today.

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(NFLX continued…) Above, we can see the open interest for calls this week out-pace puts as well.

I’ll look for calls off dips to $345 - $347 area and I’m expecting strong resistance at $353.06 area and some resistance at $354.26.

SQ - Decent call volume on the $61 strike yesterday, watching this one for call scalps. Yesterday also had higher volume than normal which indicates demand and possible bounce.

RIOT / MARA- With BTC going nuts we look for sympathy plays in stocks, we see that both RIOT and MARA are responding with higher lows. These are worth watching while BTC is bullish.