Lots of shorts caught off guard this week imo otherwise you don’t see ASTS and CING and the hold of LUMN and the 7 days or so of the QQQ grind each day. Many wanted a reversion myself included so it’s important to remember that the markets have no interest in the wants of the individual. For me the intermediate long is a bit extended here and would exercise caution.
SOXL- will watch ideally 42 blowout and sit back
NVDA- would love to see a move up to 128 area for a potential reversion, name has reclaimed its strength and is nothing to fight, only interested in market weakness, only interested in using it as a vehicle in that weakness.
ASTS- going to see how this Thursday high holds on for this week , story stock mania currently here with a 20% short float. Always go further than you think. nearly always
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NU- liking all dips vs 12.50-13 for continuation
ONON- watching trend join post 945-10am
Thanks!!