Good Evening Horsemen Traders,
Hope everyone had a good day in the market. SPY gapped up but was unable to hold support. From the way it looks I think we need to retest Monday’s low or make a solid higher high to confirm a reversal. If SPY can hold 430 then I think we have a chance to start making higher lows (uptrend) back over 436 which was a our high this week then to 440 (gap fill).
Check out the SPY daily chart below.
Market today was definitely choppy, it seemed like the market didn’t know which direction to go. We were able to get some nice scalps and day trades off tickers with news and momentum as well as intra-day reversals because of how back and forth the market was today. I’ll be looking for similar action tomorrow unless we bounce off a strong support level.
Below our five tickers to add to your Watch-List for tomorrow.
ENJOY!
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$UBER
- "GetSwift Technologies Limited has signed a partnership agreement"
- "Q3 2021 guidance revised, expecting to be profitable for the first time"
- Strong momentum today, looking for a dip tomorrow morning before continuation.
- Key Level 43.5
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$LCID
- Positive News Flow lately driving this stock higher
- Price Target increase to 30
- I think we can see 30 this week.
- Key Level is 25
- If price stays above 25 then we should see more upside at least a retest of 28 if not more.
- Morning dip and rip.
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$CRVS
- Ran in sympathy with AZN data results last Friday
- Has been on a crazy run today going 35% to 9.5!!
- We were calling this one in the morning with a key level of 6
- Key level is 8 for tomorrow
- Stock holding in AH, should see some nice set ups tomorrow.
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$DKNG
- "Made a bid to acquire Entain, a European-based betting company."
- Stock dumped pretty hard today which I was surprised on based on news. Seems gathering market share is a positive thing
- Stock bounced near 52 (200ema)
- Stayed in downtrend all day, looking for a retest of 52 level to confirm reversal
- Key level 52
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$LIFE
- "multiple analyst firms maintained bullish ratings on the stock and raised their respective price targets following the company's announcement that the Phase 1b/2a clinical trial"
- PT increases 19,20,21
- Great move off the daily chart today which we were watching close. Our key level of 11 was a great entry
- Key level is 11.5
- If key level holds we can retest 12 then 13 is resistance.
- Presentation tomorrow in After-Hours so watch from more volatility to take advantage of.
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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in Four Horsemen Trading is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.