NET Earnings Gap, PATH Follows Through. SMCI NVDA Trend

Hi everyone,

I hope you are having a great Friday!

In this post I’ll concisely share my thoughts on the day’s action. And share a bunch of stock charts that caught my eye.

Now let’s dive in ↓

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Market Action

The QQQ is trending. Not much else to say

IWO follow through

Trends ( Based on QQQ)

Shortest - 5 Day SMA - Up - Above Rising

Short-term - 21 ema - Up - Above Rising

Intermediate term - 50 sma - Up - Above Rising

Longterm - 200 sma - Up - Above Rising

Group/Themes Action

Good day for growth names. Biotech nice moves

Daily Performance charts:

Key Stocks in Deepvue

PLTR weekly. huge volume

NVDA trending

SMCI trending. When it drops likely to correct hard.

AFRM negative bar after earnings. At confluence of AVWAP and 50 day. will it hold?

PATH great follow through

NET Earnings gap. on watch

STNE gap and go then sold off hard. needs to reset

MARA follow through

Market Thoughts

Continued strong action, will share more thoughts this weekend

Reminder:

Risk Management is Paramount

Refuse to enter randomly without managing risk and wait for the spots to develop, they will. Stocks during strong moves always pull back to the 21 ema, 50 sma multiple times. Look for a tight and logical entry point.

Have patience, focus on the best stocks with the greatest potential. These will telegraph the rest of the market.

Take it day by day and manage risk along the way. Be ready for anything

What are your thoughts on today’s action? (Leave a comment below)

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Richard


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