Monster fade on Friday, big $$ coming out of big cap names. Volatility is plentiful here and don’t need to really get your cut out of this market. Plenty to trade both ways, patience is a necessity. Semiconductors looking like they are about to fall off another cliff after falling off one already so AMD NVDA will be a big focus. Names in the space are 25-35% off highs. Have tpo be monitoring Macro levels throughout the day.
AMD- will use 22 guide for long
NVDA- 215- guide for long bounce
YECO- using 5.50 washout guide for long— this may just be dead name but will see after a 50% sell off on Friday Obviously this thing is junk so trading vehicle only, size accordingly
MU- like a 40 washout here to use 39-39.50 for long has been destroyed and starting to act semi strong within the semi space
TSLA- will look to see if higher lows but like ss ramps out of the gate
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