Watchlist for 02/06/25 by Chris

by | Feb 5, 2025

Not a ton on watch but a few names I’m tracking and waiting to see if there is a set up into the end of the week.

NVDA getting some of its strength back now that GOOGL confirmed more capex spending for AI and a lot of the capex from the large tech names flows into NVDA. May have a decent recovery here into the 130s if there is no more negative news related to chip restrictions.

TSLA looking pretty weak here, likely continues to sell off as Elon is now focused on government stuff vs TSLA as much. It needs a FSD headline to get it moving up again but for the next bit I think it’s a target for tariffs from several countries and Elon is distracted so down it goes. Could get a sharp drop to the 350s. 

IVVD a good one to review with symmetrical legs moving up one after another. Where would have been good places to enter? Nice one to study. 

TCTM no squeeze. Doing the ERNA delayed consolidation so nothing to force. If it wakes up great but otherwise you can waste a lot of time waiting for a move that may not happen. 

2 Comments

  1. Appreciate the TCTM follow up and the advise on it!

    Reply
  2. nice watchlist, thanks Chris!

    Reply

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