November 28th, 2023 Watch List

Markets closed lower to start the week, with the S&P ending Monday down .20%. Asia markets closed mixed overnight while Europe indexes are in the red this morning. U.S. futures are pointing to a lower open, the Dollar, Yields, and Oil are lower while Gold is higher.

And this is what UPB is reading this morning: https://www.optionmillionaires.com/morning-reads-361/

It was a boring session for stocks on Monday, with the S&P trading in an extremely tight range... I guess a good sign considering its November rally which is nearly 9% coming into today. There are already folks out ringing the warning bell for 2024:

They are calling for a recession... always good to have some skepticism. That $455 handle continues to be key support/resistance on the SPY. Would like to see a close above that today or tomorrow into the PCE data on Thursday:

I added some ROKU calls, as outlined on yesterdays watchlist. Sure enough, ROKU soared into the triple digits, closing at $102.98. I closed most of my weekly calls for over 300% and 500% and closed half of my strikes for next week for over 100%. Will look to close the last of my weekly calls today and then just ride the Dec 8th strikes. Think $110+ is coming:

And the longer term view:

I also added more VKTX calls, as outlined in yesterdays watchlist. Think that 200dma at $15.13 is coming soon, then much higher in the coming weeks:

Boring sessions for AI and ADBE yesterday, although AI was able to shake off morning weakness to close higher. Still love those both in the coming days:

and ADBE:

Another green session for AVAV on Monday, closing higher for the 5th session in a row. They will release earnings next week. Will look to close some of my calls out to cover costs before then and ride the rest:

ALGN closed off 1% yesterday. Still think $230+ is coming, and likely higher in the coming days:

A great session for FVRR to start the week, closing right at the 50dma. Once that breaks, $25+ comes quick:

Will be eyeing ISRG today, along with SPOT, for some possible spec positions. Though will continue to keep things small, have quite a bit of risk on snd will be looking to lock positions in.

And here is what I am watching today: ULTA, ISRG, ALGN, ADBE, ROKU, RBLX, TGT, FVRR, AVAV, NFLX, DIS, EXAS, AAPL SQ, WW, MA. MDB, AZO, LRCX, LULU, LLY, NVO, TWLO, AZO, ULTA, ORLY, NOW, SITE, MELI, AVGO, WIX, OKTA, CMG, QQQ, BLK and TEAM.

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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