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
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