This is a very important week coming up, huge. 100s of earnings in big cap land, know when they are, know the daily levels, this preparation is on you. People are scared right now, people don’t want to look at their 401ks, fearing all out war, fearing inflation, fearing all those things outside their control. As a trader you can’t think about this if you want to do well, ranges are expanding there is huge opportunity out there even in megacaps like GOOGL AAPL MSFT, these things are trading 4-6% intraday on unlimited liquidity. We also had a huge market breadth day on Friday, no bias, but a lot of things did improve on potential reduction to 50bps from 75bps on rate hikes, I don’t care about that fundamental tidbit, I care about the reaction.
MEGA- CAP
MSFT- looking vs 20ema or 239 area to buy on Monday
AAPL- vs 145-146
QQQ- i want to see us for short term support 271-273 that would keep my long thesis in play, if we shatter these levels, need to revise gameplans, the point of making gameplans the days prior is that IF they show up you are faster than the next guy, you are ready to size before the next guy
GOOGL- i am looking vs 100
SPY- want to 370 hold up
TSLA- going to trade this with market, if we fail this is first one ill be looking for 210-208 to get heavy for a break of that 200 psych level, always be flexible, just because I have thesis on longside doesn’t mean I won’t switch to a short
NVDA- looking vs 122.50-123.50 like the potential v bottom from 10/13
META- looking for 128.50 to base out
BA- looking vs 138 area for a long trade
NFLX- what a move on Friday, beautiful slow grind up, ill be looking to see how 278-282 holds up
ORCL- this move looks pretty extended going to see if we can go further for a push to 75 area for a short
Growth/Large Cap
– RBLX – like the +++ tailwind, looking vs 42.50 for a push above 44-
– SE this needs to find a bottom not a trade for monday but seeing if it can form higher lows this week, everyone has written this name off and it is down 90%, perfect time for me to start looking
– NET- vs 52.30
– SHOP- 28.63 area watching to see if it can hold the 20ema for a move higher
– ABNB – 10/20/50 rising averages looking vs 115 this week
ON- going to see if it can build above its 50ema
Smaller Cap:
– SGML – new aths, needs some time but on radar
– AEHR trend setup last week, now needs time for me to buy, great breakout
– AMPX- going to watch this one, had momentum last volume came in going to see if this can stick around and do something crazy
great scan Josh, thank you!
Josh love this info!!