03/06 – 03/10 Technology

qqq      xlk

Technology sector remain to be one of the strongest since post Trump election.

The prior pivots for trading this week is $131.68 and $129.38 on QQQ ($53.16 – $52.17 for XLK) . As long as QQQ hold $129.38, stay bullish and watch for follow through to clear $131.68 level. If bears build up power and broke $129.38, see if they hold and watch for follow through to $127.72 level. Also a close below 229.66  ( 52.27 for XLK )  can give to us a higher probability of a down move, so be patient.

Strong stocks : 

CDNS, MBLY, TDC, ATVI, DBD, STX, TRMB, LDOS, CSCO, PTC, FNSR, TTWO, AMAT, FTV, COMM, SHOP, ORCL, TMUS, NTAP, LLTC, YHOO, CSC, LITE, APH, TXN, FIS, ADI, EA, NXPI, ADP, LCRX, IBM, ADBE, INTU,. FB.

Weak stocks :

NVDA, GIMO, YELP, TRIP, QCOM, AKAM, PANW, BIDU.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s