Trading Watch List 03.25.2021 | Bulls on Wall Street

Trading Watch List 03.25.2021

Red day again for QQQ but index isn’t reflecting the liquidation sell off on former momentum/growth /small cap names. Just awful bid less action. We are focusing on intra day shorts and will continue to do so, no need to fight the trend. QQQ 310 area big support. If breaks and stay below 310, there should be more pressure on individual stocks. Ideally a green open and fade would be great for continuation shorts. If you are not sure what you are doing or not tactical enough to play both long and shorts, just step aside and let the sell off stabilize.

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Here is the watch list and game plan:

CHWY Continuation short watch on green to red move or on open range break, trend down day.
PTON Closed below 200 MA again. Continuation short watch on green to red move or on open range break, trend down day.
CAN Another flush to 15/5.50 might catch a bounce.
BIDU Breaking down head & shoulder top. Continuation short watch on green to red move or on open range break, trend down day.
BILI Breaking down with volume. Continuation short watch on green to red move or on open range break, trend down day.
AFRM IPO break down watch.

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