morning game plan 12/17/19 extended looking for standouts

The SMH, XLF which have been leading this rally both have made new all time highs, are above the bb on the daily, well extended from the 8 day ma, and closed below their opens. With the spx right near our target 2206 and also above the bb I expect sideways actions today.

AAPL made new ATH and is very extended from the 8 day at 275.30. Yesterdays high was 280.70 with the low at 276.98 and prior high on Friday 275.3 with the 8 day at 271. So i expect consolidation here. So nothing stands out.

FB been heavy and closed right into resistance at the 21 and 8 day. 199.12 was the high. This might be a short today.

NFLX is gapping up 3.80 with strong numbers so has room to the upside

AMZN is up and above the 8 and 21 day and still below the 200 day. I think this counter trend rally can continue 70 the 1789-90 area.

TWTR – caught a bid. Has been in penalty box for terrible earnings and needs to hold 30.41 and a move above 31.36 would take it to 32.39 and possibly into the gap.

GOOGL – very constructive and made a new ath 1344 is the 8 day which can be an entry in a pullback.

BABA- closed poorly below 206.19 has room on downside to 202.70 area for am entry.

MSFT – ob on RSI and above the band on daily failure on a test of 155.9 could lead to some profit taking.

NVDA – been choppy near the band high. Use 228.98 as breakout or 221.82 as short term failure

AMD – short term double top and has been on a tear. WOULD NOT BUY IT HERE AS 8 DAY IS well below closer to 40.40.

MU has been going bonkers and is well extended from 8 day around 49. It closed poorly so a break of 52.69 there is A GAP at 52.32.

TSLA – massive move to 383.61 from 327 almost ion a straight line and now above BB i WOULD NOT BUY HERE NOR WOULD I SHORT.

BAC IS GETTING TIRED. gs gave back its day on an upgrade.

BA – A TEST OF 319.55 THAT HOLDS COULD BE ABUY AND TAKING BACK 324- 326 IS AN ADD

FOCUS: POSSIBLE SHORT FB INTO MA, and long ba

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