Friday Free Watch List

Good morning team,
Futures are slightly in the red this morning. I spoke about in chat yesterday about how I think the market needs a little breather. Its taken such a big jump up that I think it needs the weekend to rest. I don’t think that we end far down today but I would be surprised if we have more than a 5-10pt. Green day on SPX. In fact 2860 on /ES was a price point I have had on my chart for a few days and I wouldn’t be surprised to end the day around there. Which is right around the top of the candle on Monday’s red day. We still have bearish momentum on the daily chart so I don’t expect these rallys to continue. I think we could very easily retest 2808 beginning of next week. I however, will not be making that bet today as I can not watch the market most of the day. If you are trading today good luck, also remember its monthly expiration day on options which is usually a little more volatile.
Today I will be managing my portfolio from my phone and will check in on chat if anyone has questions. Overall I plan on taking today easy as I promised my wife some time off with her. Happy weekend all.
Economic Calendar:
· 10:00 AM EST Leading Index for April
· 10:00 AM EST University of Michigan Sentiment, May-P
· 11:15 AM EST Fed’s Williams meets with Community Leaders
· 1:00 PM EST Baker Hughes Weekly Rig Count
Earnings Calendar:
· Earnings Before the Open: DE
Other Key Events:
· No Major Events
Symbol |
KL |
Exp Date |
|
Strike |
|
Signal |
Long calls here but also came up on a naked put/PCS scanner |
Symbol |
WMT |
Exp Date |
6/21/2019 |
Strike |
$ 100 CALLS |
Signal |
Above $ 102.30 |
Symbol |
PG |
Exp Date |
6/21/19 |
Strike |
$ 110 CALLS |
Signal |
Above $ 108.65 |