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 ($53.22 – $52.17 for XLK) . As long as QQQ hold $129.38, stay bullish and watch for follow through to clear $131.68 level trading strong stocks, but be patient if we will go above 132.20 because we enter overbought area (53.45 for XLK ) . 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 130.14 ( 52.55 for XLK ) can give to us a higher probability of a down move, so be patient.
Strong stocks :
TMUS, ADI, LLTC, MXIM, NXPI, QRVO, SWKS, TXN, XLNX, AMAT, KLAC, LRCX, TEL, TRMB, APH, NTAP, COMM, CSCO, LITE, ATVI, EA, TTWO, CHRP, DVMT, ORCL, RHT, SYMC, VMW, ADBE, CDNS, INTRU, PTC, SSNC, ADP, FIS, CSC, TDC, FB, MOMO, SHOP, YHOO, FTV, JD.
Weak stocks :
FSLR, NVDA, WDC, ACIA, PANW, DATA, CTXS, WDAY, IBM, AKAM, BIDU, GRUB, TWLO, WB, YELP, NLSN, CCI, IRM, TRIP.