Technology and biotech remain the brightest spot in the market. QQQ defended 20 MA yet again and back in uptrend. So we will continue to focus on individual stocks in those sectors.
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Here is the watch list and game plan:
[caption id="attachment_59240" align="alignnone" width="800"]
INO Coiling. Watching 14 spot.[/caption][caption id="attachment_59241" align="alignnone" width="800"]
MRNA High and tight flag. Watching 68-68.50 area.[/caption][caption id="attachment_59238" align="alignnone" width="800"]
CHWY Looks good on 20 MA remoutht,42.50 area.[/caption][caption id="attachment_59244" align="alignnone" width="800"]
VTIQ Expecting an oversold bounce on this former momo name. If gaps down watching if 20 holds else any build below 23.50.[/caption][caption id="attachment_59239" align="alignnone" width="800"]
ENPH Beginning to flag. Keeping an eye.[/caption][caption id="attachment_59243" align="alignnone" width="800"]
TTD Flagging above 20 MA. Keeping an eye.[/caption][caption id="attachment_59237" align="alignnone" width="800"]
AMZN All coiled up. Looks good for a big move.[/caption]
NFLX Broke out of after a test of 20 MA. Follow through watch.
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