Josh WL For 9/9/24

by | Sep 8, 2024

Big breakdown on Indices on Friday. Semiconductors continue to show weakness and SMH not far from rountripping the bounce from August 5th 

NVDA- will not be surprised to see low 90s /80s coming, so many rejections on the name this week will be looking vs 104 and see where we open tomorrow 

TSLA – this stung me last week as was looking for short too early and then Friday, complete unwind and was probably the cleanest megacap fade of names I am watching. Will continue to watch vs 215 for fade 

META- will be watching vs 505-510 for a fade 

VXX- really crappy product but important to keep an eye on especially because if we stay elevated this time around above 60-70 especially market can have wild swings / VIX back above 20 lets see how long it sticks around, all i know is volatility is back for the time being. 

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