Main focus this morning was MRNA for the fade after the morning run up. Once it dropped to support and stalled that was the sign to move on until it set up again. It grinded back and there was even some news after hours with some tech CEOs talking about AI an mRNA tech so may be done with it on the downside for now. The action this morning was good. Clean move up first half hour of the day and then started to fail to follow through and kept failing under vwap until it hit support.
Big AI news with the infrastructure deals being made. More $ to AI the more flows to NVDA and the other big boys. ORCL a leader in the space now. Nothing to step in front of, these can run for a while and tech likely stays the strongest sector in the market for a bit.
The AI energy names are also in focus for more upside with VST CEG NNE SMR OKLO getting legs again.
Most of the action to pay attention to will be more clear tomorrow, but it’s good to have names on watch that are in play even if you don’t have a plan yet because you need more info.
0 Comments