Josh Scan 9/25/23

by | Sep 24, 2023

NVDA- sitting on the 100 sma 412.27 noted for monday, if we lose 410/408 can be sub 400 fast wouldn’t be surprised if we bounce a bit up looking 425-430
CVNA- want 43-45 short waiting for a possible inside day but unlikely, dont be in a hurry to chase down but can slowly sell bounces for a swing ideally on tues/wed
DELL- in uptrend nice hold would be a go 2 buy name, one of the stronger names on my board , be careful of false breakout here though reference CELH below, been a market leader, and a harsh sale past two days
CELH-
GME- pops still sellable imo volume pretty light – 17.50/18 pops
AMD- ideally 99 pops this week to break 200 sma at 95
QQQ-  flat close 4th down day 354 next area
VXX- watch 23.19 see if more volatility coming into play here if we get violent VXX should get a nice big vs 22
IWM- we cracked the 200sma on this 3 days ago, pulling nearly all speculation out of the market in my opinion, we need participation on the upside here to regain market health
ARKK – 200sma at 40.08 broke here too , watch it on spec names
AFRM- would love a bounce 21-22 to get short , declining 10 at 22.37 would be ideal , these types are rolling over, this looks like RIOT to me so far just a steady unwind , see UPST as well,
AMZN- looking for a 125-128 for a long trade, looking 128.20 for Monday if we break that looking August 3rd , 126.20 spot

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