Monday, July 17, 2023

Watchlist For Monday 17th

I'm working on some code for an email form so you all can subscribe and I'll send an email for every watchlist I post here. I might just end up using a popular email subscription like Constant Contact or Mailchimp. I'll keep posting them on my Twitter here too.

I shorted crude oil by longing UCO puts Friday. The premiums are lower than USO which I usually trade. The more contracts the more fine tuning on the scaling out you can do. I like using spreads nowadays. The trend reversal setup is on a break of support. I jumped the gun with a pre-emptive entry. Looks good on any continued weakness(red on session).

I had an epiphany on an industry that is going to see AI and robotics disruption. Old fashioned perimeter security systems. The perimeter monitoring will maybe stay but if these companies don't start using these new robots they will be losers. I had already seen this bulky robots on wheels but there is another company called Knightscope, Inc. (KSCP) that makes security robots. The stock is pretty short-term overbought here but I imagine it will do fine in the long-term.

So this made me think of ADT the old security company. They don't have much cash to invest in R&D to build robots or buy the tech. I don't think this one is going to make it in the long-term. They've been struggling already. Looking at this bear flag setup for puts.

FREE is a health food brand. Nice long setup on any breakout.

I traded REMX well off this range to the long side. Now it is a short with the same channel setup.

CBIO Long setup on any move over Friday high of day. I'm not super optimistic of this because it's a bio and my glance at the fundamentals didn't get me excited. It is a perfect triangle though which has positive expectancy for me. Just a technical setup for a micro sized position.

Last one is 1.5x Long COIN Daily ETF (CONL) I like short biased. A shooting star red candle above upper bollinger band (20,2) is the "kiss of death". It's also way ahead of bitcoin on a comparison chart. It's basically a stat arb trade. COIN is short-term overbought and the leveraged ETFs unwind more when they go opposite direction of the underlying. Might do weekly puts for just a one or two day move.

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