Josh Scan for 12/19/22

by | Dec 18, 2022

MBC-  new spinoff ipo of Masterbrand, largest cabinet maker in North America, going to watch dips vs 8.10-8.30

NVDA- watching pops into 167.40/170.30 for a short trade want to see more resistance for another leg down

SOXL- watching with NVDA want to see how 10.60 holds (50 sma) for the rest of semiconductors

AMD- watching with SOXL/NVDA another nice vehicle in the space

TSLA- increasing volume massively on this downward move going to watch v 153.60/152.08 for a short

QQQ- watching next line of support at 272.42 next area down from that for me is 267.61, upside levels 278.11 (50sma) , I find it helpful for me to know where we are in the macro indices , if I am trading something with high beta correlation, the moves are often tied to the direction

SPY- 385.72 resistance/ 379.52 support going into Monday obviously things overnight can/will change but good to know where we are

GME- still looking vs 21.40 for a short play

AAPL- looking for a short vs 136.80 potential move down to ytd lows at 129

CAR- 181.20 /183.38 levels of interest for a short play looking for 174.55 first target then let piece ride if right,

KMX- looking 62.52/63.56 area for potential short wouldn’t be surprised if this can hit ytd lows towards 55, same space as CAR and CVNA

CVNA- pops vs 6 for a short

 

1 Comment

  1. PouringRain on December 18, 2022 at 1:53 pm

    Appreciate these large cap ideas

    Reply

Submit a Comment

Your email address will not be published. Required fields are marked *

Related Content

15 Trade Management Tips to Improve Your Trading

15 Trade Management Tips to Improve Your Trading

Trade management is an important part of the trading process. It's not enough to have an effective strategy - you also need to execute that strategy properly. Think of this distinction as the difference between creating a well-rounded business plan and actually...

Adapting to the Market – 8 Practical Tips for Traders

Adapting to the Market – 8 Practical Tips for Traders

The stock market is constantly changing. If you are fortunate enough to find success as a trader, you shouldn't get too comfortable. A strategy that works for days, weeks, or months is not guaranteed to work forever. Career traders who achieve long-term success...

14 Tips to Improve Your Trading Mindset

14 Tips to Improve Your Trading Mindset

Your mindset is an important part of your trading. How you think will impact how you trade. Your mindset will ultimately determine what you focus on, how well you learn, how you react to trades, and so on. Today, we are going to discuss some quick tips to help you...

The Process Behind Trading Success – Nate Michaud on SimCast

The Process Behind Trading Success – Nate Michaud on SimCast

https://www.youtube.com/watch?v=yaHEIFvHh5g Topics Discussed Long Trading vs. Short Trading (and Where Nate Makes More Money) Using a "Macro Mentality" in Trading Scaling in and Out Around a Core Being Early vs. Being Right Why Day Trade vs. Invest? Finding The Best...

13 Tips to Minimize and Prevent Trading Losses

13 Tips to Minimize and Prevent Trading Losses

How much higher would your trading profits be if your losses were cut in half? How much higher would they be if you only lost half as frequently? Most traders focus on chasing profits and forget that minimizing losses can have the same net impact on your bottom line....

Day Trading Course