Trades of Note: Shorts of Course
QQQ chase into 618.42 was giving this morning. Did we hit by EOD? Yup
PLTR chase into 186.17 target given this morning hit by EOD.
SPX just needed wkly gap fill at 6807. We opened below it this AM, bounced as VIX got back inside 19.29 for chase long, then rejected - only to close just above gamma flip level of 6767! Asia will be weak so likely we head lower into daily gap fill at 6749.53
SMH was rec’d short into 352.94 wkly gap fill, which hit by EOD, so that was good for a $10 trounce, with 348.53 daily gap fill ahead.
IMW warning last week it was ready to “take a header”, fell head-first into the 10W! But I still see 55D ~239.
ORCL swing short into 243.49 from 339.69 ONE MONTH AGO is almost there.
RCL swing short gapped below its 200D into 258.70 qtrly support - off NCLH earnings.
EURUSD fell exactly into 1.148 as posted Mon am.
USD higher has meant my prior metal & mining swing short targets since early Oct are coming closer into view:
COPX 57 & GDX 67 approaching this week.
XME blew through my 92.91 and tagged the 89s.
SPOT swing short saw earnings drop into its 50W before bouncing on 606 back to 628.
NFLX swing short is heading lower for its 50W tag next.
UPST is Geoffrey’s multi-month short finally tagging 39 support afterhours - on Consumer Lending Sector Is In Trouble.
BTCUSD broke $100K where staying below is a big problem for crypto.
ETHUSD gapped below its 4yr long wedge and 200D on volume, so that qualifies as problem.