The Market Shows Resilience - What to watch for now
Hi everyone,
I hope you are having a great Saturday!
In this article I’ll concisely share my thoughts on the weeks’s action. And share a bunch of stock charts that caught my eye.
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Now let’s dive in ↓
Market Action
QQQ - A positive expectation breaker after Thursday’s negative expectation breaker. Strong inside day and we remain above the moving averages
IWO similar, back above the 21ema
Trends ( Based on QQQ)
Shortest - 10 Day EMA - Up - Above Rising
Short-term - 21 ema - Up - Above Rising
Intermediate term - 50 sma - Up - Above Rising
Longterm - 200 sma - Up - Above Rising
Group/Sectors % Change from the Open in Deepvue
Semis, Solar, Blockchain stand out as key themes.
Key Stocks in Deepvue
Current Universe list:
AA AAPL AMC AMZN ANF APP ASPN BPMC CCJ CEG CAVA CLSK CMG COIN ARM CPNG CRS CRWD CVNA DUOL FRPT GCT GE GME GOOG GOOGL HIMS HOOD HWM IOT KD LIVN LPX LRN MARA META MOD MSFT MU NFLX NTNX NVDA OSCR PAAS PI ALAB RDDT PLTR PRCT QCOM SCCO SG SMTC STRL TDW TEVA TMDX TNDM TOST TSLA TWST TXRH VRT VST WING ZETA KLAC ONON PINS
NVDA strong day 2 action
FSLR incredibly strong
HOOD 10ema and level pullback and strong response
COIN just below the key level.
ASPN showed RS yesterday. Strong breakout today
KD pulling back to the 10ema
SG through the DTL actionable next week
DECK strong earnings gap and EPS surprise. With ONON, CROX this is a theme
ONON pushing higher from the post EPS flag
Market Thoughts
As negative as Thursday was, friday ended the week on a strong note and we got the snapback option. We remain above all the moving averages and growth names continue to act well
Market Analysis Video:
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Cheers!
Richard