QQQ 20 MA support breakdown after FOMC, follow through Thursday. No follow through on bounces but beauty follow through on breakdowns. Classic bear market. QQQ remains under pressure below 8/20 MA. AMZN, GOOG, MSFT oversold but no buyers yet. Worth stalking for dead cat bounce soon. MSFT, NFLX,META short idea worked well. PDD 52 bounce worked hot.
Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman
Watch us trade these stocks LIVE, in real time.
Check out our watch list and game plan:
[caption id="attachment_66861" align="alignnone" width="800"]
NOV Many oil names have the same look. Not a fan of chasing energy names at breakout but worth stalking.[/caption][caption id="attachment_66860" align="alignnone" width="800"]
HZNP Has a gap to fill.[/caption][caption id="attachment_66859" align="alignnone" width="800"]
PDD 52 bounce idea worked well. Always worth watching for day trades. Need to get over 100 MA now.[/caption][caption id="attachment_66858" align="alignnone" width="800"]
FUTU China name trying to come out of range. Watching over 38.[/caption][caption id="attachment_66857" align="alignnone" width="800"]
TSLA 20 MA rejection. Remains vulnerable below 20 MA, 220 area.[/caption][caption id="attachment_66856" align="alignnone" width="800"]
LI 20 MA has been big resistance, like it if it remounts back.[/caption][caption id="attachment_66862" align="alignnone" width="800"]
AMZN Oversold yet can’t find a buyer. However, it might not take a lot to get a dead cat bounce. GOOG, MSFT same idea.[/caption][caption id="attachment_66863" align="alignnone" width="800"]
NFLX Short idea working well. If 200 MA goes 262/260 comes in play.[/caption]
