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Market Watchlist 8/23 - 8/27

Hello everyone , and welcome back to another weekly watchlist post by True Trade !!!

Last week provided us with some great volatility, and with that a chance for some sweet high probability lottos, and trade setups. We were able to effectively catch the downside and the bounce , were you ??? ๐Ÿ‘€. Our midweek recap even gave the ideal spyy support at 436 with 441 resistance ๐Ÿ˜‰

I expect volatility to slow down , and with that here are some picks i will be keeping a close eye on for the week to come.


(for all trades below I mention level hold, stop loss, etc, I'm using daily or hourly closes for stop losses or holds, you can trade the levels on an intraday basis !)



Nvda finds itself back on the list. After such a nice move post earnings , we had to get this one back on the board. We came close to making new all time highs to close last week , but feel just a bit short. Buyers have taken the report as positive + we held key support , and we should look for new highs next week for nvda if we can maintain 205.


208.54 : The upside resistance. Likely we see a gap over this to start off next trading week , but if not , just look for a break and hold here to trigger new highs. If we fail to hold ovr , a failed breakout can be shorted *for more advanced traders). 205.24 : If we see some selling early in the week , I would look for buyers to hold ground off 205. Was out last 2 day base before flushing towards 205, and now that we have recaptured it , I would look for long trades on a hold.

187.8 : Still the key downside level , if we for some reason see a big sell , which I wouldn't expect , I still like buyers at 188 , 198 , 200.



With earnings coming up this week , gonna be keeping an eye on how we act. BBY generally offers some solid moves after ER , and this time should be no different. We just recaptured key support off 112, lets see if we hold going into the ER report.


121: Key area of interest on upside. We do have sellers along 116.72 as well ,depending on how we move post er report, if we do gap up , and gap over 115, 117, id look for continuation holds leading towards 121. 121 was the last high end base are pre rejection from new highs.

115.5 ish : Important area of interest had a lot of basing here before breaking and rejecting from 8/11-13. Good initial upside target if 112 holds.

112.15: Multi-day base here before breaking down on 8/17. We recaptured it to end last week , now if we can hold here again , we would likely see a test back towards high 113 and mid 115.

108.5: Has been the closet support since ATH sell off . I expect buying to continue here , if we break under, post ER , I'd watch around 106 as the next key support.



Paypal seems to be in a falling wedge formation. Coming off recent buyers to end last week over 268 , PYPL is looking to break back towards 277 where initial resistance is likely to show. I do prefer long side trades on this one as long as 268 holds.


281 : Upside resistance , the gap down breakdown area. We already rejected here on the first bounce , would likely be looking for upside breakout on the next attempt. Back over here and 290 is not far out of question.

277: Smaller intraday zone , but we saw buyers over this zone 8/5 - 8/9 and then selling ensued last week. Breaking here adds confirmation to upside , and holding back over here would likely give us they 281 breakout we want.

273.5: Some hourly resistance is present here , as it was also support before we had that market pullback on 8/18. We got towards it to end last week , but just fell shy of getting back over it. Next step to get upside continuation is clearing here.

268 : Big buy area , immediate reaction on th dip with buyers. and i do expect this zone to hold. If we do get a break , we can see a likely move towards 257. But as long as we hold here , be a buyer of dips.



Had a pretty long range of consolidation between 508 - 525 before breaking out 8/19. With the breakout I will definitely be interested in looking for pullback buys.


557: We had a very quick rejection off this on the last visit which lead to a short term downtrend. Not very likely we break this on the first visit , its a great upside target as well.

544.43 : Hourly base resistance. We seemed to have what was a failed upside breakout on 7/14-15 , or just a quick gap to big resistance. Which was followed by an immediate rejection and break back under 545. Post break we held under and flushed pretty quickly to the downside. Getting a hold back over this level can lead us back towards 557.

537: Had a little consolidation here on the last down push , and we had buyers step in again on the most recent up move. So will look for I expect 537 or 526 to be the best 2 buy the pullback scenarios for NFLX. 525.72: The breakout zone. Had a consolidation under the zone for almost a month before breaking out on 8/19. Looking to be a buyer on any dips back into this area.



Earnings coming up this week , so had to throw this on the list with some expected volatile moves. We have been in a consolidation area for the most part between 103-127, generally holding above 110 before last weeks breakdown.


126.89: Bigger sell zone + breakdown zone. If we gap into here post earnings , look for sellers, especially on the first go around. meanle if we start holding , we could gradually be loading up for 138, 142.

122.68 : Had over a week long consolidation here before getting the down move , definitely has sellers sitting here , o look for potentials shorts close by.

110: Buyers were holding 110 for almost a 2 month period before breaking on 8/19. SInce they break sellers have held under. This will remain my inflection point for the weak , if we hold under a lower move towards 103,100 is likely, but getting back over and holding we can see a spike towards 112, 114

103: Solid support , was a breakup zone along with multi day consolidation , would definitely be eyeing this for buyers on a gap down. break under and we likely et back towards 98.

TWILIO ($TWLO) - Long back over 340. Looks have started the process of a trend reversal on the 332 bounce , now f buyers can hold 340 and break 347 , they could try for 353 again.


If you don't know how to utilize the key levels check out this post below:

^^^here is a snippet of how the levels can be used ^^^

Check out past watchlist @ to see if any plays are still live or if the levels truly work ๐Ÿ‘€


That's it for this week's list, if you have any questions don't hesitate to contact us or drop them below. These are just a few stocks im keeping my eye on this week, and as always, do your own due diligence and realize that their will always be risks associated with trading !


I can do this on and on for every stock , but the best way to get them live is by joining the chat ;)






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