SPY so far holding support , mostly due to strength in energy and commodities names.
SPY needs to get over 20 MA along with a bounce in technology names. Technology names still in corrective phase. No real buyers in recent momentum IPO plays like HUYA, IQ. I am still watching them for a mean reversion bounce soon. Sector rotation into energy and commodities names, so I'll be watching few commodities names as well.
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CLF Commodity sector is strong. 9.15 breakout watch.[/caption][caption id="attachment_50375" align="alignleft" width="800"]
MRO Commodity sector is strong. 22 breakout watch.[/caption][caption id="attachment_50367" align="alignleft" width="800"]
AAOI Coiled up again. Could squeeze again.[/caption][caption id="attachment_50369" align="alignleft" width="800"]
ARQL Holding support. Flag breakout watch.[/caption][caption id="attachment_50371" align="alignleft" width="800"]
CHRS Watching back over 17.45 for a breakout.[/caption][caption id="attachment_50368" align="alignleft" width="800"]
APPN 20 MA and support area here. See if this can catch a mean reversion bounce.[/caption][caption id="attachment_50381" align="alignleft" width="800"]
Watching 33 area for mean reversion bounce.[/caption][caption id="attachment_50370" align="alignleft" width="800"]
BILI Bullish hammer candle. Watching over 16.88 for a 1st target trade to 20 MA 17.67.[/caption][caption id="attachment_50373" align="alignleft" width="800"]
HUYA Holding 20 MA. See if this holds or breaks down and recapture for a mean reversion bounce[/caption][caption id="attachment_50374" align="alignleft" width="800"]
IQ Watching 20 MA for a bounce.[/caption][caption id="attachment_50376" align="alignleft" width="800"]
NVDA 50 MA bounce watch.[/caption][caption id="attachment_50377" align="alignleft" width="800"]
SOGO 20 MA and support area here. See if this can catch a mean reversion bounce.[/caption][caption id="attachment_50378" align="alignleft" width="800"]
ZS 20 MA bounce and back into gap range. Watching over 37.[/caption][caption id="attachment_50379" align="alignleft" width="800"]
ZUO Watching over 28.60 for a mean reversion bounce.[/caption]
