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EP02 - Midweek Watch - Jun 23, 2021 - Markets Flat

True Trader
8.12K subscribers
496 views 4 years ago
Hey guys, Jason here from TrueTrader. I'm a former market maker and pro trader with TrueTrader. Today I'm sharing my midweek watch with you. These are names I've been stalking for great setups and watching closely as this week comes to a close. --------- IN THIS VIDEO --------- 00:00 - Intro 01:05 - $SPY/$QQQ 01:46 - $CZR 02:29 - $YETI 03:32 - $NUE 04:37 - $TIGR 05:50 - $ABNB 06:49 - $PLUG 07:42 - $AFRM 08:38 - $LAZR 09:26 - $UPST (big one) $SPY/$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 …...more
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EP02 - Midweek Watch - Jun 23, 2021 - Markets Flat
35Likes
496Views
2021Jun 23
Hey guys, Jason here from TrueTrader. I'm a former market maker and pro trader with TrueTrader. Today I'm sharing my midweek watch with you. These are names I've been stalking for great setups and watching closely as this week comes to a close. --------- IN THIS VIDEO --------- 00:00 - Intro 01:05 - $SPY/$QQQ 01:46 - $CZR 02:29 - $YETI 03:32 - $NUE 04:37 - $TIGR 05:50 - $ABNB 06:49 - $PLUG 07:42 - $AFRM 08:38 - $LAZR 09:26 - $UPST (big one) $SPY/$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. ------------------------------------------------------ TrueTrader.net provides education courses for stocks and options traders looking for consistent and profitable strategies. Each course comes with access to our chatroom where members can ask questions directly to our pros. No upgrades, no levels, no gimmicks. We provide daily live trading streams, Q&A, and over 200hrs of high-impact webinar content for those looking to master day trading as a career. For 25% off any plan use coupon code: YOUTUBE ---- TrueTrader.net is not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice.

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True Trader

8.12K subscribers