FRIDAY WATCHLIST: POTENTIAL TRADES IF PPI COMES IN LINE.
If inflation data cooperates and the market gets a relief bounce, these are the names I’m watching for potential trades today. Not chasing the open — I want to see confirmation at key levels.
$NVDA — First reclaim level is $173.75, followed by $181.60. Keep SL at $166.90.
If the level holds, watching a 0DTE $175/$185 call setup.
$TSLA — Needs to reclaim $398 for $408–416. SL at $390.82. If it holds $400, watching a 0DTE $420/$425 call setup.
$AMD — Upside targets $596–605 if the $552–558 support zone continues to hold. A morning dip could offer an entry if the broader market bounces.
$CBRS — $109–110 is the level to hold for a potential move toward $120. I’m planning to sell my recent entry, added at $115, into strength for a profit and will keep rest
$GOOG — Finally showing some momentum. First reclaim is $300, then $310–314, with the $320 gap-fill as the next target. Watching December $320 calls if $300 is reclaimed and holds.
$META — $605–609 looks like an interesting buying zone. Currently trading between support and the $630 resistance area.
$MSFT — Watching $505–510 as support. If we get a morning pullback into this zone, it could be a candidate for a bounce trade.
$AMZN — $265.82 needs to hold. Upside targets are $273–274 first, followed by $280–285.
$NBIS — $118–123 is an interesting buying zone for anyone looking to build or average down. Watch for support confirmation.
$CRWV — Another potential add or averaging-down opportunity if it holds $52.
$GLD — One of my favourite setups here. Need $350–354 to hold. I see potential for $400 by year-end if the trend and momentum continue.
THE RULE THAT MATTERS MOST:
Resistance becomes support after a confirmed breakout. Support becomes resistance when price loses it and retests from below.
Don’t anticipate the breakout. Let price confirm it.
These are watchlist levels and potential setups, not automatic buy signals. Especially with 0DTE options, manage risk carefully. If PPI disappoints or the market rejects resistance, cash is also a position.
Trade the confirmation, not the excitement.
I will keep updating on my trade