Watchlist 2023-06-01 $SOFI $LCID $BAX $INTC $CHPT

1 ביוני 2023

SPY slightly higher as the debt ceiling bill passes in the House, will now move to the Senate. Garnering bipartisan support, the bill to suspend the $31.4 trillion debt ceiling was approved and is set to be delivered to the Senate. With a Monday deadline looming, the Senate is expected to pass the measure before the government exhausts its ability to pay its bills. Key Res for today is 4.19, 420.50, PD inflection and pivot high. Key support today is 417.5. 416.

For further confirmation of a trend day, watch for:
ADD pinned near +\-2000
VVOLD ratio over +/- 3
TICK cumulating past 0 wicking to +/-900

SOFI - SoFi's stock surge continues as debt-ceiling deal brings 'highly positive development'. There's no question after looking at the last two days that sofi is hot right now. Particularly interested in starting a position near the 6.50 range support and also the 200 ema. If we see buying. Above this level there is plenty of room to go 7.50 and 8.00.

LCID - Lucid Group's stock slides 10% premarket after EV company announces $3 billion stock offering and private placement. Short under 6.65 as long as 6.88 can confirm as resistance first. If there is no confirmation of sellers they this can be susceptible to a fakeout that rallies if it quickly reclaims 6.65

Support 6.65
Resistance 6.88
Inflection 7.00

CVNA - over 14.00

BAX - no news but had an impression aftermarket vol bar after trending down for the last month. 1.9 PMP vol and 3 RVOl yesterday. Looking to see if buyers decide this is the day for a trend change.


CHPT - keeping an eye on CHPT for a second day play, preferable taking a long near support 9.25 for a swing trade, must BO form the 9.80 for confirmation.

Chips:
Profit taking PD for chips as NVDA, MRVL, MU all heading lower. Looking for dips into key levels, and BO's from consolidations where there is at least 2 touches of a level.

Other Watches:
AI
INTC - over 32

Comment what you are watching!