Daily Watchlist: 11/13
Good morning and happy Friday! Coming into the day we've got overall bullish price action in the overnight session that's recently rejected the same highs as yesterday did. Tough to say currently if the bull train continues or if a pullback into chop is underway. Either way there's a handful of stronger gap ups happening and we've chosen a tech heavy watchlist today in hopes of getting that continued movement. No economic data to worry about so that's nice!
AM ER: $PAVM , $SBC
PM ER: N/A
Daily Watchlist Recap 11/12
Today gave us a pretty strong move to the upside on the indices that then fizzled out through the afternoon. $CRM sold off into our downside PT2 perfectly before bouncing from there. $VZ was weak all day, but only wicked down into our targets before chopping for the rest of the session. $PEP had a solid steady move down into PT1 early on and then sold off again into close, reaching PT2 then. See you again in the morning!
Breaking news!!!
JENSEN could be working for Elon Musk at SpaceX following his retirement.
Rumors not official yet, hopefully we get some updates from @elonmusk to confirm the authenticity of this rumors
$NVDA
Daily Watchlist: 11/12
Good morning! The overnight session on the indices got a gap down with the $NVDA news that came in yesterday afternoon. We have since traded slightly lower as a result of economic data and now still have a bearish trend on hourly charts. Let's see what the market has in store and if Jensen resigning brings the market down even further. We've mostly picked names that aren't in the tech sector and look strong in hopes of them staying independent of the recent news. There is minor data at 10am EST.
AM ER: $NBIS, $LUNR
PM ER: $NU, $CSCO, $AMAT
AI NEOCLOUD STOCKS PLUNGE FURTHER AFTER NVIDIA CEO RESIGNATION
US neocloud stocks extend their premarket selloff following Jensen Huang's immediate resignation as Nvidia ($NVDA) CEO.
๐ธ Nebius ($NBIS): โ20.1%
๐ธ CoreWeave ($CRWV): โ13.6%
๐ธ Roundhill Neocloud ETF: โ12.5%
๐ธ IREN ($IREN): โ8.1%
The selloff is accelerating across AI cloud infrastructure stocks, with Nebius now down more than 20% before the opening bell.
Daily Watchlist Recap 11/11
The market did indeed keep pushing up as we cautiously warned in the morning post. The indices saw quite the rally. $MU was one of the biggest gainers, closing the day up 10% and went well past both our targets. Unfortunately the momentum did not benefit $PANW as the stock failed to get to its first upside target before pulling back. $SOFI was weak all day and eventually sold off in the afternoon. This name too however failed to reach the first target below. See you again in the morning!
Daily Watchlist: 11/11
Good morning! Coming into the day we've got the classic runaway market that follows days where we just melt up. We're not too sure how long the party goes on for, but the market doesn't "have to pullback" despite what your favorite tradefluencers say. That being said there is plenty of room for a pullback to come in so we'll see. Open minds on direction and a general cautious tone can come in handy. No data to worry about!
AM ER: $RUM, $VLN, $RSKD
PM ER: $FNV, $OR, $TNK
Daily Watchlist Recap 11/10
We had a fairly choppy day in the indices today. The overall direction was to the downside and the individual names reflected that as well. $MSTR bounced first, but then sold off and hit PT1 below. $WMT was weak overall but failed to reach any of our downside targets. $SHOP was our star to the downside and it really sold off past both our targets. Rest up and we'll be back to tomorrow!