These are the stocks on my watchlist (03/11)
Hi! I am an ex-prop shop equity trader.
This is a daily watchlist for short-term trading: I might trade all/none of the stocks listed, and even stocks not listed! I am targeting potentially good candidates for short-term trading; I have no opinion on them as investments. The potential of the stock moving today is what makes it interesting, everything else is secondary.
We had a hell of a selloff yesterday. I see today as an attempt to recover, not too interested in going short on the market today unless we break new lows. Trying out a new layout today, mainly because I keep getting accused of using AI to write these so I'll wipe out the headings for now.
News: Citi Downgrades US Stocks While Wall Street Set to Pause Selloff
TSLA (Tesla)/NVDA (NVIDIA)/RDDT (Reddit)/SPY (SPDR S&P 500 ETF)
Saw these move mainly due to recession fears and the entire market panicking, MASSIVE move yesterday.
Yesterday, mainly traded TSLA on the overnight exchanges. It had the largest move and got down to around $212. Overall a lot of negative sentiment ranging from boycotts and Elon controversies. Not too interested in trading TSLA today again. I'm interested in NVDA if we break below 100 but again I think that we'll mainly see a small bounce today rather than breaking new lows. As for RDDT, we're 50% down from highs! Interesting swing candidate but will see how today goes. To me these are the standout stocks yesterday to trade due to recession fears. I don't really see a way out for TSLA regarding the boycotts. We've also seen a decently large move in the VIX (VXX) and we're close to above 60- I'm interested in shorting if we're above $60 but doubt we'll hit that today.
CEO/co-founder, Dustin Moskovitz announced retirement. The company reported Q4 revenues of $188.3M, a 10% YoY increase, and issued a revenue outlook for fiscal 2026 below expectations (resulting in the drop).
That drop was close to 25%, mainly because Dustin owns close to 54% of the company, which signals a LOT of uncertainty and lack of faith in the company. Overall outlook is decently disappointing, and I'm mainly interested in it if we break $11.50 and very interested in buying $10.
AAL projected a higher-than-expected Q1 loss and revised its revenue outlook downward, attributing the weaker forecast to softness in the domestic leisure segment. This is probably amplified by fears of flying, mainly due to people being terrified of all the plane accidents that have happened in 2025. Recession fears also lead to people cutting their vacations/discretionary spending and saving money, so things may get worse. Overall we're seeing a slight recovery in the premarket but still watching to see how this trades. To me airlines are one of the bigger leading signals of economic uncertainty so will continue watching. Other tickers that have moved on this are DAL, UAL, LUV.