05/01 – 05/05 Technology

QQQ     XLK

The prior pivots for trading this week are $136.34 and $133.80 on QQQ ($54.49 – $53.63 for XLK) . As long as QQQ hold $133.80, stay bullish and watch for follow through to clear $136.34 level trading strong stocks, but be patient if we will go above 136.34 because we are overbought and we may need more time for rest . If bears build up power and broke $133.80 , see if they hold and watch for follow through trading weak stocks.

Strong stocks : 

MSFT, FB, GOOGL, GOOG, V, MA, ADBE, PYPL, AMAT, YHOO, ATVI, HPQ, EA, GLW, FISV, WDC, APH, LRCX, SYMC, ADSK, LVLT, HRS, JNPR, SNPS .

Interesting for long : 

NTAP, CSRA, AKAM .

Weak stocks :

T, VZ, IBM, ADI .

Interesting for short :

SWKS .

Lagging :

AAPL, CSCO, CRM, INTC, ORCL, AVGO, NVDA, CTSH, INTU, MSI .

 

 

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