Apr. 6 at 12:42 PM
MDT Morning Watchlist 4/6/2026
🛢️ Oil still above
$110.Markets Flat Over the Weekend.
Before we dive in crude is holding above
$110 and the Nasdaq remains below its 21, 50, and 200-day moving averages. I know some of you are feeling bullish right now, and have been but the way I trade the structure definitely doesn’t support getting aggressive to the upside YET.
📋 MDT Watchlist Monday
🔴 BEARISH PLAYS
•
$SPY Puts waiting for a bounce into the 21 Day EMA
•
$QQQ Puts same setup, rejection at the 21 EMA is the trigger
🟢 CONDITIONAL BULLISH PLAYS (only on a strong tape) and break above the 21 EMA.
•
$NFLX Calls at
$98.50
•
$PLTR Calls above
$150
•
$AMZN Calls watching for 21 EMA reclaim above
$210 on volume
⚠️ Key Reminder: The bullish plays above are conditional. If the tape is weak and we’re chopping under the 21 EMA, there’s nothing to do on the long side. Patience > forcing trades.