.png)
TECH STOCKS:
-> "NVDA is in its Optimal Buying Range" (+11.7%)
-> "AMD is in its Optimal Buying Range" (+8.1%)
-> "JD is in its Optimal Buying Range" (+6%)
-> "SBUX is in its Optimal Buying Range" (+2%-not impressed)
-> "TSLA is Hot” (+11.2%)
-> "FB is Hott [+3.5%]"
-> "ADBE is Hot [+2.8%]"
-> "NFLX is Hot [+2.8%]"
-> "AMAT is Cold [+0.17%]"
-> "MA is Cold [+0.48%]"
-> "MSFT is Cold [+1.1%]"
-> "INTC is in its Optimal Selling Range" (-0.63%)
-> "ORCL is in its Optimal Selling Range" (-0.85%)
NVDA and AMD are at the top of my watchlist for this week. The fact that these two companies are both in their “optimal ranges” at the same time is pretty bullish for both of them; as sometimes they can move together as they are in similar industries. NVDA is due for a spike to at least $575-$585 in the near future. I think even $600+ is possible with the right news or after earnings.
[Disclaimer: This is all not meant to be financial advice and is only my opinion.]
QQQ: Getting a bit overextended at this point; but many big names in QQQ are not and are at a point where they could potentially break out. In my opinion; as long as GME can consistently close under $120; and QQQ can hold $326.42/$325.86, we should be able to head higher to $335 early in the week. We could even overextend and hit $337/$338 by Friday. This would be a very bullish case, but I do think it is possible, but not probable. If QQQ Loses $325 and closes under that level, it could be a bearish indication that we can head much lower. Under $324.64/$324.50 and we can easily see $320. The most I would expect QQQ to move down in a day is about 2%, as the QQQ doesn’t tend to make moves larger than that on an average day, but it did last week. The QQQ seems to hold above the 50SMA on the hourly during normal market hours while in a strong uptrend.
NVDA: The 9ema, 21sma and 50sma are all stacked on the daily chart for NVDA. The last two times NVDA traded between $537.83 and $551; NVDA could only hold over $538 for 4 full days; on the fourth day, NVDA close below $538 in both cases. (1/11 to 1/14) and (1/21 to 1/26). If NVDA can get over $551 on Monday; that will be a very bullish indication. The last two tries it got rejected, but you know what they say, third time is the charm. (Maybe) Over $551 can easily see $560 and then $572.5; My first major price target would be about $575 then $585. Over $585 and I think $600 will be next. Some indications of strength will be if RSI gets over 60 on the daily and if there is a lot of call buying.
AMD Chart: If we close over $93.15 with over 75 million volume on the daily chart and watch for a breakout on the 4hr RSI and 1day RSI. If we close over $93 we will be above all the major moving averages on the daily and not have much resistance overhead. Over $93 can see $95/$96.50. Next Levels at $99/$100. Over $101 can see $106 pretty easily. This stock likes to really run when it gets going. Over $88.50 could be a good time to get a starter position going.
> StockOneFunction(1)
SPY.Close
2021-02-05 387.71
[1] "Breakouts"
SPY set a 200 Day High Today
[1] "Trends:"
SPY Price is in a One Week Uptrend
SPY Price is in a Three Month Uptrend
SPY Price is in a 100 Day Uptrend
SPY Price is in a 200 Day Uptrend
[1] "Volume Analysis:"
> StockTwoFunction(1)
QQQ.Close
2021-02-05 331.36
[1] "Breakouts"
QQQ set a 200 Day High Today
[1] "Trends:"
QQQ Price is in a One Week Uptrend
QQQ Price is in a Three Month Uptrend
QQQ Price is in a 100 Day Uptrend
QQQ Price is in a 200 Day Uptrend
[1] "Volume Analysis:"
> StockThreeFunction(1)
XLK.Close
2021-02-05 135.32
[1] "Breakouts"
[1] "Trends:"
XLK Price is in a One Week Uptrend
XLK Price is in a One Month Uptrend
XLK Price is in a Three Month Uptrend
XLK Price is in a 100 Day Uptrend
XLK Price is in a 200 Day Uptrend
[1] "Volume Analysis:"
> StockFourFunction(1)
MSFT.Close
2021-02-05 242.2
[1] "Breakouts"
[1] "Trends:"
MSFT Price is in a One Week Uptrend
MSFT Price is in a Two Week Uptrend
MSFT Price is in a One Month Uptrend
MSFT Price is in a Three Month Uptrend
MSFT Price is in a 100 Day Uptrend
MSFT Price is in a 200 Day Uptrend
[1] "Volume Analysis:"
> StockFiveFunction(1)
ADBE.Close
2021-02-05 492.12
[1] "Breakouts"
ADBE set a 20 Day High Today
[1] "Trends:"
ADBE Price is in a One Week Uptrend
ADBE Price is in a One Month Uptrend
[1] "Volume Analysis:"
> StockSixFunction(1)
NVDA.Close
2021-02-05 543.64
[1] "Breakouts"
[1] "Trends:"
NVDA Price is in a One Week Uptrend
NVDA Price is in a 200 Day Uptrend
[1] "Volume Analysis:"
> StockSevenFunction(1)
AMD.Close
2021-02-05 87.9
[1] "Breakouts"
[1] "Trends:"
AMD Price is in a One Month Downtrend
AMD Price is in a 100 Day Uptrend
AMD Price is in a 200 Day Uptrend
[1] "Volume Analysis:"
> StockEightFunction(1)
AAPL.Close
2021-02-05 136.76
[1] "Breakouts"
[1] "Trends:"
AAPL Price is in a One Week Uptrend
AAPL Price is in a Two Week Downtrend
AAPL Price is in a Three Month Uptrend
AAPL Price is in a 100 Day Uptrend
AAPL Price is in a 200 Day Uptrend
[1] "Volume Analysis:"
AMZN.Close
2021-02-05 3352.15
[1] "Breakouts"
[1] "Trends:"
AMZN Price is in a One Month Uptrend
AMZN Price is in a Three Month Uptrend
[1] "Volume Analysis:"
GOOGL.Close
2021-02-05 2088.83
[1] "Breakouts"
GOOGL set a 200 Day High Today
[1] "Trends:"
GOOGL Price is in a One Week Uptrend
GOOGL Price is in a One Month Uptrend
GOOGL Price is in a 100 Day Uptrend
GOOGL Price is in a 200 Day Uptrend
[1] "Volume Analysis:"
Comments