Josh Scan for 6/5/24

by | Jun 4, 2024

Market feels extremely heavy to me under the hood think this NVDA effective split on Friday could be close to or a final squeeze out for an interim period.

Lot of these utility and power names like VST POWL PWR CEG have turned over a bit , literally feels like so few names are good but can always be wrong nothing is certain.

AMD- all pops vs 162-164 for a short couldn’t even hold up with NVDA hitting all time highs every day

SPOT- nice idea from Monday looking for continuation FSLR

NVAX- will be looking for a squeeze out 19-20+ to get people out of a short in coming days for an all day fader nice move from sub 10 so far

COIN – will look long vs 230 still nice consolidation here and BTC continues to look promising

ARM- going to continue to watch this one if we build above 128-130 again thought this would be heavier now but holding very well

CRWD- nice absorb going on on earnings after hours will see where we are in the morning but will be looking vs 315-318 for a long if we hold up

TSLA- nice failed breakout late day will look vs 177 tomorrow for a short

EA- really like the weekly chart setup here gonna keep an eye for a breakout

TTD- setting up well for a long again

 

 

 

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