5hit List Tentative Payoff

I'm a gambling man and went with $100 strike puts on TTWO expiring Friday. This is the first stock reporting earnings off this week's 5hit list. Hopefully it holds through tomorrow and I can exit at a profit. With the losses mounting after hours, I think it should end up profitable.

Other stocks off my list reporting: APLS up about 1.5 percent after hours after losing 5 percent on the day. Not a target. DOCN up 5 percent after hours. FIVN down 12 percent after hours. I tried getting puts on that, but never filled because it didn't bounce with the Nasdaq. I thought it would and had my offer a little too high.

Update: now DOCN turning lower...

5hit List for the Week of November 7, 2022

These are stocks that cleared the loser screen and have earnings this week. I have been watching this list and there are a lot of big moves in the list. Most have earnings this week. PANW, STNE and MNDY are next week.

5-9-$5 Stock

My exerience in the dotcom bust and this chart tells me $5 is a possibility if this breaks and it isn't bought out.

When Support is Lost

Contemplate the fact that high yield bonds, the overall stock market, the bond market, FedEx, Boeing, McDonald's, probably soon BTC and so on, are all at or recently lost long-term support. Here is a stock I was shorting earlier this year.

Reversal Spots

A bunch of charts made it back to resistance areas. I included FIVN to show a violation. They look good today, but tomorrow could be different...still I think the rally should be petering out here on the assumption this is indeed a bear market. Teh red horizontal on VRSN is the 2000 peak.

FIVNuked

First started hitting this one in October. I don't have a position on, but I like seeing stocks I have been targeting get blasted. In both bull and bear markets, one of the mistakes is lack of imagination when it comes to upside and downside targets.

Fall Into Opex

A look at some charts that moved towards a breakdown or have broken down. Northman Trader noted that going back to May, all months except October and November saw weakness into opex. Bottoms were on the Wed before to Monday after. Given the current position of the charts, opex weakness would be the push needed for a break through support and send both the Russell 2000 and Nasdaq to their lowest levels in months.

Charts are after the jump. A lot of more that I've covered in the past few weeks are in "no man's land" without support or resistance nearby. Some are forming new h-patterns. For these, I watch the broader market. They could bottom whenever the broader market bottoms and they can collapse if the broader market slides.

Sunday Night Chart Dump

Some of the more interesting setups. Many familiar ones.

Some Short Candidates

Five9

Earnings after the bell.

44 Lives Down

Five9

Five9 Breaks Down

This is what we want to see for bearish targets, breakdowns on otherwise ho-hum or up days for the broader market. Some other charts hitting resistance levels, a normal spot for a pause. Next week I expect stocks will trend into OPEX, which way I cannot say, but certainly if down is the move, the charts losing support levels are most likely to suffer the largest declines.