Review of Session: First-day post-OPEX and indexes made new weekly lows with buyers stepping in late in the session. “Breadth” was terrible. After making new daily highs, the $VIX sold most of the session.
Next Session: For Tuesday, keep an eye on the $VIX. If they can continue to push it lower, look for higher prices on Tuesday. Not a great time for establishing multi-session trades. This remains the time to pay attention to names for 2022.
From the Quicksheet: The “Early Sellers” list grew the most. Still looking at names for 2022. From the Quicksheet, $DKNG is on the list after getting beat down…they are now balancing. $Z and $ZM are also on the radar. On the other hand, $WMT is balancing in a nice range from 2021. This may be a base for a “move” in 2022!
TO FIND OTHER IDEAS LIKE THIS: