Morning Plan 12/18/19 . extented but no selling SO FAR.

SMH – ath of 142.10 and really hasn’t sold off. Its ob on daily RSI above BB but there hasnt been any selling, extended from 8 day 137.50 area. If it breaks the weekly low of 140.93 then there might be some slight short term fear.

XLF – making new all time highs. LIKE SMH its ob on RSI above daily bands and extended from 8 DAY which below around 30.56. A break of 30.79 COULD LEAD to some PROFIT taking in the financials.

AAPL – also ob on RSI and above bands on daily bands. Well extended from from the 9 day around 273. a BREAK of the weekly low of 276.98 could create some short term fear. Otherwise there is little to do.

FB – has been recovering from getting hit on legal news is above the 199.15 area. The high high is 203.66 with support near 196.13.

NFLX – above 316.8 and has room to 319 area with 326.25 being the 200 day.

AMZN – above the 8 and 21 day with 1809 target with 1820 being the 200 day.

TWTR – popped out the penalty box. A move over 31.36 could take it to 32.28 – 38 and possibly into the gap from the earnings miss.

BABA – continues to trickle up with 209.15 a key upside level. USE 206.19 AS SUPPORT.

GOOGL – continues to be methodical making new ath and then retesting to 8 day around 1350 with 1365 area being ath.

MSFT – OB RSI AND ABOVE BANDS WITH 8 DAY BELOW AROUND 153. I WOULD AVOID BUYING IT HERE . 154.45 IS SUPPORT with 155.90 being ath.

AMD – made new year high at 43.11 and still extended. 41.73 IS SUPPORT WITH 40.79 being 8 day MA.

NVDA acted well yesterday on upgrade above 229 an d following through this AM. Lets see if it holds up. has room on monthly to 292 area.

MU earnings tonight and has had a monster move with 54.3 recent high. the stock has been in the mid 60s back in 2018

JPM also extended as well as BAC above BB and ob RSI. WOULD avoid

focus: not much here to do. Not a buyer and not forcing any shorts. KEEP in mind that FRIDAY is a big expiration could move market

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