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.
Follow us on Twitter for daily trading tips and trading ideas! @bullsonwallst
Holding the 9EMA on daily, looks ready for $241 break out in the upcoming days. Keep alerts set near that area.
Holding the daily 9EMA as well, on watch for break of $33 for more momentum.
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.
Looking weak, failing to hold the daily 9 & 20MAs. Top watch for a short tomorrow, below $85 should really get going.
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.
Top watch if $QQQ decides to start dumping. Room to fall to $60 and below this week if the market gets weak.