Josh Scan 12/6/21

SPY- we broke the 50 day sma and reclaimed (barley) for the close On Friday, depending on how we open, I’ll be looking vs 449 for weak open push, or if we stay heavy maybe below the 100day sma near 448, you have to give yourself room with this range, its all expanded

QQQ- looking vs 50/100 sma to see how we hold or don’t

ARKK- all trendlines in downtrend next area 89 for me for potential bounce, once again I am not anticipating anything, I am waiting to see what levels hold or do not

VXX- 26.80-27.20 want to see how this devlops with market weakness

SOXL- will use this while trading NVDA/ AMD, vs 62 area if stays heavy think semiconductors can unwind a bit more

NVDA- all pops 309-11 area for short think this has room to come down IF and only IF the market can continue to stay heavy

AMD- watching with NVDA

PDD- absolutely crushed, fears of china delisting and pressure form its own govmt making these stocks almost impossible to remain in the hands of long term institutions, am looking vs 51.96 lows for potential dead cat bounce, everyone is very fearful here and rightfully so, not looking to become and investor but rather for a trade

BABA- watching for 945-10am +++ trend develop with PDD

KWEB- chinese internet ETF looking for potential basing 4.20s-40.50s for potential up move in china names support

 

TSLA- would look pops vs 1050s to short the 50day at 980 area interests me if we lose that can get worse

MRVL- going to keep looking vs 80 area to see if it can hold the earnings gap

CFVI- nice soak and move after hours would be looking weakness in premarket for potential move past thursday highs

DOCU- this bagged every dip buyer after hours and throughout the day, would be looking panic washout vs 118 for a potential bounce reversion this is 300s straight down to 130s

DNUT- decent trend developing there on volume, wathicing vs 14.50 area

AMC- nice rally eod will be looking vs 30.50- 31 for short if it can pop back up

EVTC- nice trend watching dips vs 45.20 area

GFS- watching 63 and 66 areas on 10/20 ema nice trend on this semiconductor

ASAN- fast 50% drop here will look vs lods Fri for potential bounce and if we open below lows im looking vs 63.75

LAC- weak open vs 30 would interest me to buy