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.