January 18th, 2024 Watch List

Markets closed lower again on Wednesday, with the S&P falling .56% although off the lows of the session. Asia stocks closed mixed overnight while Europe markets are in the green this morning. U.S. futures are pointing to a higher open, the Dollar and Yields are lower while Oil and Gold are higher.

And this is what UPB is reading this morning: https://www.optionmillionaires.com/morning-reads-388/

And here is my Rant from yesterday if you missed it : https://www.optionmillionaires.com/jb-afternoon-rant-january-17th-2024/

It was another red session for markets on Wednesday, with worse than expected China data and strong US Retail sales numbers being most of the catalyst. This morning futures are pointing to a bounce, as TSM posted a great Q helping push NVDA and AAPL higher in the pre-market. AAPL also received an upgrade this morning. Seemed like markets finally found a bottom at 2pm yesterday when the SPY broke under that $470 handle for a minute. That $475 spot could provide some resistance on the way up today, along with $478:

I added some BURL calls as outlined on yesterdays watchlist. Thankfully I waited for the morning gap fade. I was able to close some of my calls out for over 100% and held the rest into today. Think $200+ is coming today and likely higher tomorrow. Looks like room to at least $210:


A federal appeals court lifted the temporary stay on the Apple Watch import ban, a good sign for MASI. It's funny how it works, MASI tumbled over 8% on the news of the stay, but only rallies 1% or so after the news that the stay has been lifted. As I have been saying, think $130+ is coming regardless:

Another mostly flat session for VKTX while ALT closed up 3% in a volatile session. Once VKTX breaks and holds that $22 handle, will look for more strikes. Will be waiting for $13 or so on ALT to do the same:

ROKU made it 6 sessions in a row to the downside yesterday, although it finally showed some life yesterday afternoon to close well off the lows. Will be watching closely and may look at some strikes into next week as well:

ZM can't catch a break, closing down nearly 2% yesterday and receiving a downgrade this morning. It is nearly flat in the pre-market, so a good sign. If it can reverse this downgrade, could see mid-$70s quick:

And lastly, W is on watch today. Stock has been beaten down from the $70s the past few weeks. May look at some spec calls to play for a move to $60+ in the coming days:

And here is what I am watching today: W, BURL, YOU, ALT, VKTX, AGYS, SPOT, NFLX, TWLO, ISRG, MASI, GPCR, STAA, FVRR, ROKU, SPOT, BIIB, GILD, AMLX, RDFN, ALGN, Z, AI, TRUP, ULTA, RBLX, TGT, AVAV, EXAS, AAPL SQ, LRCX, LULU, LLY, and NVO.

Let's have a great day!

-JB

JimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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