Friday Free Watch List

Friday Free Watch List

Good morning team,

 

Yesterday we had a very slow moving day with movements up and down between 262 and 264 on SPY.  Today we are waking up to a nice gap up but the recent setups have seemed to refill the gap back down.   Also realize that the gap up is only .40 (264.60) more than yesterday’s high (264.20) as I type this.  So be patient and let the set ups happen. 

 

With that said it was a fairly positive (dovish) ECB meeting and investor sentiment is getting stronger. 

 

Today on SPY

Support of 264.56, 264.06, 263.58, 263.25

Resistance of 264.56, 265.37, 267.05

Economic Calendar:

· 8:30 AM EST Durable Goods Orders, Dec-P

· 8:30 AM EST Durables Goods Ex: Transportation, Dec-P

· 10:00 AM EST New Home Sales MoM for December

· 1:00 PM EST Baker Hughes Weekly Rig Count

 

Earnings Calendar:

· Earnings Before the Open: ABBV, APD, CL, DHI, LEA, NEE, SYF

 

Other Key Events:

· None

 

Symbol

MSFT (earnings 1/30) Same as yesterday

Exp Date

2/15/2019

Strike

$ 108 CALLS

Signal

Above $ 107.20 (earnings runner looking above $110)

 

Symbol

VLO (Earnings 1/31/2019)

Exp Date

2/15/2019

Strike

$ 80 CALLS

Signal

Above $ 80.00

 

Symbol

BABA (Earnings 1/30/19)

Exp Date

2/15/2019

Strike

$ 160 CALLS

Signal

Above $ 158 and holding 157.45

 

Symbol

IQ (Earnings 1/29/19)

Exp Date

2/15/2019

Strike

$ 20 CALLS

Signal

Above $ 19.50

For CALLS: Watch for a move ABOVE the previous day’s high.

Other Calls on watch: NEE, PG, FB, ABT, CAT, INTC (above 47.35 for bounce attempt)

 

For PUTS: Watch for a move BELOW the previous day’s low.

Other Puts on watch: INTC (below 45.65)