Oil/Gas/Energy Names:
XOM: if this is going to breakdown I am looking for a daily close below the 20ema/ 111 area, until then sector is in favor until it’s not, this has been a historical run on energy and given the cyclical nature of the group, I am looking
XLE- looking for close below 90.50
XOP- looking for same thing as the two above just monitoring the group as a whole, once again not trying to call top on this trend, I need to seen confirmation to be validated in any way,
OXY- this did close below the 20 , i am monitoring for a short vs friday high of day
CRK- monitoring with rest of the group for a short
USO- is below the 50 here, oil companies staying up with locked in energy prices from much higher but starting to see more divergence than before
Semiconductors:
NVDA – monitoring vs 158 area, open to both sides of the trade if we get over 165 area looking for next ramp, if we stay heavy vs friday high of day ill look for a short, need to be flexible in this market imo, being a two way trader is a huge edge, ability to look at both sides of a trade is a huge edge
ON- looking for a base over 75 for next leg, steady trend
GFS- monitoring with the rest of the group
SOXL- if we are going to go up another leg am looking for 13.40-.60 to base out if we stay heavy i don’t expect sector to have much follow through
AMD- another great trader within the space, know the levels like the back of your hands, you only need a couple stocks in your toolbelt with a high enough average daily range to extract $$ from markets
Big Tech
AMZN- really been so weak so far needs a close over 95 to get me interested, going to see if it has any boost from these weekend sales, if it opens strong, let’s find out, very suppressed name.
MSFT- looking better above short term moving averages, going to watch vs 242 area for this week
META- no mans land for me
GOOGL- gonna see how 95.5–97 holds as potential support
TSLA- going to watch for a short trade vs 187-188, wouldn’t be surprised to see this name heavily fall out of favor moving averages have turned over declining and just rejected the short term 10ema
Misc
Enph- going to monitor 312-317 this is leadership, it’s right on all time highs, prefer to not chase because breakouts in this market have been so difficult and this has failed 318-320 area several time over, but if we get through with volume that will get me very interested in the trade
SPWR- watching with sector
ARRY- watching with sector, ideally some consolidation before next leg, but really nice 4 day move post earnings
TAN- etf i am using to monitor solar names
COUP- really nice move past couple days on enormous volume, ideally a blowoff move sit back, not really interested for tomorrow but keeping on radar
SHOP- watching if any boost from black friday/cyber monday sales
AEHR- smaller cap semiconductor leader
PANW- name reacted well post earnings and I like the space, going to see if it builds above the 200 sma big level 174.70
COIN- as long as 47-48 stays heavy and speculation $$ stays quiet i still like this for a fade, buy strength and sell weakness makes sense to me
Awesome share of knowledge. I like how this is organized and your thought process. Thanks