Josh Scan 5/24/24

by | May 24, 2024

Relative Weakness within the Semiconductors

SMCI- will be looking 885-895 bounce for a short play here found major selling on NVDA gap up yesterday

AMD- same thing here and weakest semiconductor megacap on my board would be looking vs 165 today on the short side

Relative Strength names

PDD- new 52 wk highs yesterday on volume can digest here but good to note

FSLR- ideally couple days of pullabck/ consolidation before next leg this was a huge 2 day move

ONON- continues grind higher nice idea from early in week

Crypto –

CLSK- looking short vs 18 area

MARA- looking for failed pushes vs 21.50

 

 

 

 

 

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Related Content

15 Trade Management Tips to Improve Your Trading

15 Trade Management Tips to Improve Your Trading

Trade management is an important part of the trading process. It's not enough to have an effective strategy - you also need to execute that strategy properly. Think of this distinction as the difference between creating a well-rounded business plan and actually...

Adapting to the Market – 8 Practical Tips for Traders

Adapting to the Market – 8 Practical Tips for Traders

The stock market is constantly changing. If you are fortunate enough to find success as a trader, you shouldn't get too comfortable. A strategy that works for days, weeks, or months is not guaranteed to work forever. Career traders who achieve long-term success...

14 Tips to Improve Your Trading Mindset

14 Tips to Improve Your Trading Mindset

Your mindset is an important part of your trading. How you think will impact how you trade. Your mindset will ultimately determine what you focus on, how well you learn, how you react to trades, and so on. Today, we are going to discuss some quick tips to help you...

The Process Behind Trading Success – Nate Michaud on SimCast

The Process Behind Trading Success – Nate Michaud on SimCast

https://www.youtube.com/watch?v=yaHEIFvHh5g Topics Discussed Long Trading vs. Short Trading (and Where Nate Makes More Money) Using a "Macro Mentality" in Trading Scaling in and Out Around a Core Being Early vs. Being Right Why Day Trade vs. Invest? Finding The Best...

Day Trading Course