Trading Watch List 06.12.2020 | Bulls on Wall Street

Trading Watch List 06.12.2020

Nasty rug pull type of day! After such a bug run, a pullback was expected but no news velocity of Thursday’s sell off caught many by surprise. SPY closed above that big 300 area. Bulls want to see this area defended on a closing basis else things might get dicey. After a big down day, if we have another gap down open, I will be looking for a bounce.

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Here is the watch list and game plan:

DKNG 20 MA defended. Line in the sand for now.
RCL See if 20 MA holds for a bounce.
OXY Another flush to gap fill and 20 MA should be decent for a bounce.
ZI One of the strongest recent IPO. Watching on a tight build below 50.
FSLY 50 is a spot whenever it decides to go.
NKLA Bounced that 8 EMA support yet again. Active traders should watch any build over intraday VWAP.

ALT Speculative play. Watching on red to green at open, ideally under 7 and then over 7.

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