Sabato's Market Watchlist 10/11-10/15
Hey! Welcome back everyone! Earnings are ramping back up just as the Fed is tapering bond purchasing (bond yields go up to make them more attractive) , which will have an effect on the markets.... Also, please share this with your friends who share your interests. You might get a free trial out of it. Who knows. (That means message me, and I'll set you up with a free trial. Info below on how to reach me.)
Boring words which I don't change incase someone new stumbles along: As usual, all levels below are based on a daily (yellow price levels in images) or less than daily chart (white price levels in images). I approach charting by starting on a daily time frame and moving down to smaller time frames to find other intraday key levels. When the market is open and trading is live, I like to bring up a 5 minute and 1 minute chart to time entry as price is coming into my level.
Side note: In images, blue line is 20 day SMA, yellow is 50 SMA, and green is 200 SMA, where SMA = Simple Moving Average where applicable. The yellow arrows on the right are where my alerts are set to trigger where applicable.
Side note: this is a day late and a dollar short; I sent out levels last night, but I did not get the blog up in time. Life happens. Also, I may experiment with a different type of watchlist in the future i.e. earnings, oversold, overbought, etc. Pitter patter, let's get at 'er.
1. Boeing: $BA
$BA has respected it's downtrend on a daily, rejected the 200 SMA, and has put in support repeatedly at $226 area. Long over 228.5, short below $226 down to 221.5.
Daily chart:
30 min chart:
Key levels upside: $228.5, downtrend
Key levels downside: $221.5, 226
2.Advanced Micro Devices: $AMD
$AMD is a crowd fav. We have clear support, resistance, and a downtrend on a daily. What that spell? You can take a stab at it. (hint: breaking one way or the other soon)
Daily chart:
30 minute chart:
Key levels upside: $108.3, 107
Key levels downside: $103.75, 100
3. Upstart: $UPST
$UPST is forming a range on the daily as well. Wait patiently for a break one way or another. I like calls over $324.5 and puts below 304 and 21 SMA for further confirmation/1st price target...
Daily chart:
30 min chart:
Key levels upside: $317, 324.5,
Key levels downside: $304, 21 SMA, 290 buy zone
4.Square: $SQ
$SQ has some clear resistance while making lower highs. Clear support is sitting at 226.5 area. I am long over 252.8 and short below 226.5.
Daily chart:
30 min chart:
Key levels upside: $252.8, 251.4
Key levels downside: $236, 226.5
Bonus plays: None this week... I sorry.
Enjoy! Please comment below or DM me on Instagram/Discord for more help. I'm happy to help for free when others will charge hundreds of dollars for their courses, etc. Thanks for reading! Remember to stick to your rules this week! If you read this far, DM me for some extra watchlists!!
-Sabato
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 I'm 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 !
** THIS IS NOT FINANCIAL ADVICE**
**I AM NOT A FINANCIAL ADVISOR**
I can do this on and on for every stock , but the best way to get them live is by joining the chat ;) https://www.truetradellc.com/stock-signals-membership
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