Nice little bounce back in the markets on Friday. QQQ still looking weak, needs to get back above the moving averages quick or there is more trouble in tech ahead.
$MU with an insane earnings report.
1. EPS up 167% YoY
2. Revenue up 57% YoY
3. Guidance of $18.7B next quarter. 30% higher than consensus ๐คฏ
Lets see if we can get above all time highs at $265 today.
Things I am watching this week:
1. Tech looked pretty weak closing out last week with some relative strength in financials and small caps. Looking to see if this trend continues.
$DAL nice clean break as travel saw some relative strength last week. Waiting for continuation above all time highs or consolidation into moving averages for the next leg up.
$IWM made all time highs last week before it pulled back on Friday with the rest of the market. Want to see some consolidation here above 250 until the moving averages catch up before entering a long.