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 ↓
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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Cheers!
Richard
P.S. We just released a new free resource: The Ultimate Screening Guide
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Thanks Richard, great as always
...to the moon!