Crypto/ Blockchain:
GBTC- going to keep using 10/20emas as a guide to gauge sentiment in sector, above is better for long momentum
HUT- this has been on radar and been traded for awhile now, the liquidity is great and its a steady mover, its thick the spread is usually 1-2c max, gonna use 12.90-13.10 guide here, power close on this name and made a new ath
RIOT- an example of weakness in a sector, this vs MARA/ HUT is pure weakness, below moving averages if BTC fails would short this vs 50ema \
MARA- 49.80 guide for a long, staying strong if BTC another leg up thinking new aths
COIN- couple inside days will use 311 guide for next potential range break and pivot breakout above 325 area
OSTK- nice b/o big move see if we get higher lows and continues
Growth Leaders:
NET- not extended, also not chasing up here, will look for a couple big days up and then a reversal trade
DDOG- will look 162-164 for support / trend join
TSLA- unbelievable doing it again post earnings , if you watched the earnings after hours, 860 for me was last swing buy point and it went to r/g from there and took off that day has just continued to follow through, ideally an extension soon and a reversal trade, not guessing the top here, let everyone else do that, they been trying to do it for years and dead wrong
NVDA- earnings coming, see sentiment this week but like how this is extending beyond 1020, potential reversal coming
SPOT- really nice breakout from earnings day, will look 278-80 guide for a long
MSFT- unreal, more of a bluechip name than growth at this point but the trend is the trend, maybe an extension here and pullback, not fighting it though
WIRE- this had triple digit eps / rev growth year over year watching vs 130, swing idea only, low volume
Covid/Vaccine:
MRK- weak open vs 87 guide to join trend long
MRNA- going to be monitoring reactions vs 20 day ma and if the moving averages can fully turnover for a potential short
Other
TEAM- earnings ep looking vs 440 gap area
LAC- 28.40 guide for a long, continuation of trend made new aths, with LCID and lithium this is extremely hot name in right sector
LCID- see what happens with delivery this weekend and looking vs 35.50 area if it wants to continue
ENPH- another EP, another aths, ideally couple inside days and next leg up, some incredible selective strength out there right now
QS- beautiful range breakout- will watch vs 28.40-28.50 for continuation, ideally a move up to the 200 declining sma
BTC is losing momentum, wouldn’t be surprised to see MARA fall towards end of the week.
Thanks Josh, definitely keeping my eyes on Lithium and EV sectors this week. AR sector as well on a side note
Thanks Josh, I like the themes. The market has been unreal in these sector over the past couple of weeks. Excited to see where we go next, either way there will be great opportunities in these names.