Monster sell-off today after the GDP and jobless claims reports. Retraced some of the move into the close, but bias remains short on tech names. Check out tomorrow’s watch list & economic calendar:
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Economic Calendar For Tomorrow
Holiday Discounts On All Trading Education
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$NVDA
Ugly day today, top watch for a short tomorrow if $QQQ slide continues. A lot of room to fall.
$BABA
Trading in range, showing signs of holding 20MA. If demand continues on watch for set up over the next few days for a move through the 200SMA.
$GOTU
Showing toping signs today, finally a red day. On watch for continuation on the rubberband short tomorrow.
$MOMO
Showing signs of breaking out of the flag on daily, on watch for a move back to $9.50 in the coming days. Needs to find a bid over $9.
$AMZN
Support continues to crumble on one of the market leaders, not looking promising for $QQQ in the upcoming weeks. On watch for a day 2 short.
$META
Relative strength tech stock to keep on watch, held up well today despite the blood bath around it. If $QQQ can find a bid this is a top-watch.
$AMD
Another tech name to watch for a short if tech continues to show weakness. Ideally, we get a green-to-red set up on this.
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