Watchlist 2023-04-03 $SPY $RIG $ISEE $RUM $ASTS $WYNN
SPY - finished strong last week with a wide body bar holding most of the gains and ending over the key resistance levels.
Remember, for a trend day we'll need to see the $ADD pinned near +\-2000 and $VOLD ratio over +/- 3 and $TICK cumulating past 0 wicking to +/-900.
Oil stocks - higher as a group with crude trading up more than 6% premarket the move following a surprising announcement by OPEC+ to cut more 1.1m barrels per day of current production, which had a jolting effect on the O/R markets.
$RIG - secures contracts worth 113 mil. _ news from 4 days ago but paired with the oil production cuts and the daily buy setup this looks poised to rise. Most of the other oil names look extended into supply areas. Only looking for support retest trades other than with RIG.
$ISEE - no news that I can see (no pun indented) but gapping into yearly highs with room to fill the unfilled gap form 2022, at 30. Up 2,5 ATRs at 1.3 RVOL. If RVOl picks up there could be a BO trade for a trade through the opening print.
Other Watches
$ASTS - over 5.36
$RUM - over 10.50
$WYNN - over 116.50 after consolidation, don't want to take the first break
Remember, for a trend day we'll need to see the $ADD pinned near +\-2000 and $VOLD ratio over +/- 3 and $TICK cumulating past 0 wicking to +/-900.
Oil stocks - higher as a group with crude trading up more than 6% premarket the move following a surprising announcement by OPEC+ to cut more 1.1m barrels per day of current production, which had a jolting effect on the O/R markets.
$RIG - secures contracts worth 113 mil. _ news from 4 days ago but paired with the oil production cuts and the daily buy setup this looks poised to rise. Most of the other oil names look extended into supply areas. Only looking for support retest trades other than with RIG.
$ISEE - no news that I can see (no pun indented) but gapping into yearly highs with room to fill the unfilled gap form 2022, at 30. Up 2,5 ATRs at 1.3 RVOL. If RVOl picks up there could be a BO trade for a trade through the opening print.
Other Watches
$ASTS - over 5.36
$RUM - over 10.50
$WYNN - over 116.50 after consolidation, don't want to take the first break