Hope everyone enjoyed the long weekend and extra day off from the markets! $QQQ with a strong rally on Friday, giving bulls hope of a Santa Claus rally. Bias remains nimble for tomorrow for the $QQQ. Check out tomorrow’s watch list:
No economic calendar with no events of note tomorrow.
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$ALNY
Holding the 9EMA on daily, looks ready for $241 break out in the upcoming days. Keep alerts set near that area.
$ACLX
Holding the daily 9EMA as well, on watch for break of $33 for more momentum.
$CAT
Looks ready for $240 break out. Thicker name so it will move slower, one of the top watches for a long if we get a Santa Claus rally in $QQQ.
$BABA
Looking weak, failing to hold the daily 9 & 20MAs. Top watch for a short tomorrow, below $85 should really get going.
$TSLA
Getting hammered the past few weeks, starting to speed up to the downside. Do NOT try to catch the failing knife.
If rubber band longs are your type of set up, keep this on watch if we get some more extension and a big sell off to $100 for a dead cat bounce.
$AMD
Top watch if $QQQ decides to start dumping. Room to fall to $60 and below this week if the market gets weak.
Holiday Discounts On All Trading Education
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