RSS Amplifier

Trading Engineered from TraderLion · May 28, 2024

NVDA Gaps Higher - The Market Chops

0
Sign in to vote or save

Trading Engineered from TraderLion · Trading Engineered from TraderLion

Hi everyone,

I hope you are having a great Saturday!

In this article I’ll concisely share my thoughts on the weeks’s action. And share a bunch of stock charts that caught my eye.

Today is the last chance to take advantage of the special Deepvue Deal we have for memorial day. Welcome to the many of you who have joined over the past few days

Memorial Day Sale

Now let’s dive in ↓

QQQ - tight action closing near the open

IWO weaker action off the open

Shortest - 10 Day EMA - Up - Above Rising

Short-term - 21 ema - Up - Above Rising

Intermediate term - 50 sma - Up - Above Rising

Longterm - 200 sma - Up - Above Rising

Semis and more defensive/cyclical names strongest

Current Universe list:

AA AAPL AMC AMZN ANF APP ASPN BPMC CCJ CEG CAVA CLSK CMG COIN ARM CPNG CRS CRWD CVNA DUOL FRPT GCT GE GME GOOG GOOGL HIMS HOOD HWM IOT KD LIVN LPX LRN MARA META MOD MSFT MU NFLX NTNX NVDA OSCR PAAS PI ALAB RDDT PLTR PRCT QCOM SCCO SG SMTC STRL TDW TEVA TMDX TNDM TOST TSLA TWST TXRH VRT VST WING ZETA KLAC ONON PINS POWL FSLR ELF AMD SMCI DELL

NVDA powerful gap but stretched in short term. Be ready for volatile action

HIMS strong action U-turning after the gap up

ARM powerful move through the 50 after RMV tight signal a day ago

RDDT strong move from 21ema pullback and RMV tight signal

PAAS gapping up after the base pivot pullback

DECK strong day 2 action

ONON continued follow through

COIN pulled back into the 50 day before pushing the key level

TWST forming a range at the 21

Some choppy action today but things holding in. The Leader NVDA is stretched so be on guard. Things are trending

I hope you found this article helpful!

Here is what you can do to help make them possible and support my work.

  1. Leave a like on this post below

  2. Subscribe to Trading Engineered

Cheers!

Richard

No posts

Read the original on tradingengineered.substack.com

Comments

Nothing yet. Say the first thing.

    Sign in to join the conversation.