Lay of The Land For 12/30/24 From Josh

by | Dec 29, 2024

BTC – 2nd undercut of 50sma at 96151 lets see if it gets heavy or forms some support here will influence crypto related names 

MSTR- if we snap 320s and cant stay above watch out here will be eyeing for short in coming days

SMST- long look here vs 6-6.30 area 

MSTU- you should really read a prospectus of this product it is owning cash and MSTR call options and could end in a disaster watching pops vs 12 near term for a short 


NVDA- keeps failing at 50sma going to be eyeing vs 139 area for a short 

DOCS- HTF here looking for 59 buy trigger if market stays alright here 

Quantum names- 
RGTI- want to see if lower highs get put in for a short thinking we could retest 11 area if fail here , if we are over yday highs in the morning or just grinding, complete avoid, i am not looking to force it in this entire sector, waiting for the trade to come to me 


QBTS- warrants in the mid 11 area lets see how it trades tomorrow 


IONQ- will monitor with rest if this fails expect sector heaviness along with soun, both holding great for now to i think irresponsible to just think oh this move is over 

SOUN- holding like a champ here 

ETVOL 

ACHR- ideally a bit of tightness but holding so well so far looking for another setup to get long if sector stays in tact , some consolidation would be nice 

RCAT- similar look 

\

QQQ- if we breach Friday lows, would expect momentum to fail just about everywhere, and will be closely watching the 50sma at 508.89 

SPY- tested 50day SMA on Friday and bounced if we breach again be careful 

PLTR- heavier since Nasdaq 100 add will be monitoring if stays heavy 

1 Comment

  1. great watch list thank you

    Reply

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