MXSG - Another winner off our watchlists giving us a powerful move into the .60s today. Nice swing pattern here and in the past using the priors day low was the right way to go about swinging this stock so we will use that rule on it again. So .47 is stoploss. Target for now is tough because its in blue skies. .65 .70 .75 etc…
IBM - Short setup for tomorrow as today we closed underneath support at 190.75…looking to play the 190 strike puts using 191ish as my stoploss and target would be 188. However if market does rally and IBM shows strength the 190 calls will good to play 190 stop with 192.50 target
NFLX - Bull flag is STILL in tact! A cross above 80 is going to be the breakout key but a close above 78.25 will act as a good momentum catalyst and should trigger the push into the 80s sometime next week. Look for monthly calls to give you more time
GOOG - Solid down move today off last nights watch list and it was unable to hold 660 support so tomorrow we should see more follow through to the downside . Support 640-644…looking at the 645 puts, they could easy triple tomorrow.Short biased will remain unless it reclaims 660
To view the rest of the watchlist please visit The Stock Garage
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