SPY closed back over 50 MA and the range is tightening up. Needs to break out over 287.30 for a run 200 MA. Support is 270 area. Seeing many individual stocks basing well, setting up for another run during this market consolidation. Big tech earning week coming up , AMD, GOOG, AAPL, AMZN, MSFT, FB . So I would pay attention to reaction to those earnings for market direction.
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Here is the watch list and game plan:
[caption id="attachment_59022" align="alignnone" width="800"]
CGC Pot name. Closing over 50 MA. Watching for this wedge breakout over 15.62, ideally on a red to green type move.[/caption][caption id="attachment_59030" align="alignnone" width="800"]
TLRY Pot name. Broke out of the wedge. Potential multi day runner. Watching on intraday setup.[/caption][caption id="attachment_59031" align="alignnone" width="800"]
ZM Sold off on news. If gaps down , Under 150 and then over 150 for a potential day trade bounce.[/caption][caption id="attachment_59027" align="alignnone" width="800"]
SE Secondary breakout watch over 55.25.[/caption][caption id="attachment_59029" align="alignnone" width="800"]
SQ Wedge breakout watch to 200 MA +[/caption][caption id="attachment_59026" align="alignnone" width="800"]
ROKU Setting up another wedge. Keeping an eye.[/caption][caption id="attachment_59028" align="alignnone" width="800"]
SPCE Still holding trend line support. Potential bounce watch.[/caption][caption id="attachment_59025" align="alignnone" width="800"]
NVAX Bounce watch on a red t green type move or another flush to 20 MA support.[/caption][caption id="attachment_59024" align="alignnone" width="800"]
NFLX Orderly consolidation over 8 EMA. Watching for flag breakout.[/caption][caption id="attachment_59023" align="alignnone" width="800"]
MRSN 10 spot looks good with volume.[/caption]Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman
