03/20 – 03/24 Technology

QQQ      XLK

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

The prior pivots for trading this week is $132.41 and $130.76 on QQQ ($53.62 – $52.84 for XLK) . As long as QQQ hold $130.76, stay bullish and watch for follow through to clear $132.41 level trading strong stocks, but be patient if we will go above 132.41 because we enter overbought area and we may need more time for rest . If bears build up power and broke $130.76 with also means broke off up chanel, see if they hold and watch for follow through to $130.20 and after to $129.50.

Strong stocks : 

TMUS, AVGO, TXN, MU, ADI, SWKS, MXIM, AMAT, LRCX, KLAC, TEL, APH, AAPL, NTAP, CSCO, FFIV, ATVI, SYMC, CHKP, ORCL, RHT, ADBE, CTXS, SNPS, ADP, FISV, PAYX, FB, EBAY, NTES.

Weak stocks :

CTL, FSLR, IBM.

 

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