✏️ Weekly Report: "Buy in May and Stay"?
MARKET OVERVIEW
The stocks had a good turnaround after a strong report from NASDAQ:KLAC.
MSFT Also posted strong earnings!
Could the famous saying "Sell in May and go away" turn to "Buy in May and Stay"?
Lets review some charts.
QQQ
The Qs snapped back after strong earnings. Now it looks like we are heading for the 50D SMA
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KLAC
Up $19 from the $687 buy point that I shared in previous idea (see related ideas below[/I])
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NVDA
Mentioned it in previous idea (see related ideas below[/I]) before it skyrocketed $51. Could consider here or a little bit lower if it consolidates.
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SMTC
Up $2 from the $33 buy point mentioned last week on the idea. Potential add point is the 35ish level.
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META
We warned about META, what we are seeing is that buyers are stepping in on Friday and Thursday to support it. For the aggressive traders could play a snap back but personally, I would pass.
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MSFT
MSFT snapped and squatted lower. Consolidation around the 50D SMA would present a good opportunity for a buy. Before that I would pass.
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BTCUSDT
Nothing to do on Bitcoin but wait during the base building period is over
The stocks had a good turnaround after a strong report from NASDAQ:KLAC.
MSFT Also posted strong earnings!Could the famous saying "Sell in May and go away" turn to "Buy in May and Stay"?
Lets review some charts.
QQQ The Qs snapped back after strong earnings. Now it looks like we are heading for the 50D SMA
––––––––––––––––––––––––––––––––––––––––––––––––––––
KLAC Up $19 from the $687 buy point that I shared in previous idea (see related ideas below[/I])
––––––––––––––––––––––––––––––––––––––––––––––––––––
NVDA Mentioned it in previous idea (see related ideas below[/I]) before it skyrocketed $51. Could consider here or a little bit lower if it consolidates.
––––––––––––––––––––––––––––––––––––––––––––––––––––
SMTC Up $2 from the $33 buy point mentioned last week on the idea. Potential add point is the 35ish level.
––––––––––––––––––––––––––––––––––––––––––––––––––––
META We warned about META, what we are seeing is that buyers are stepping in on Friday and Thursday to support it. For the aggressive traders could play a snap back but personally, I would pass.
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MSFT MSFT snapped and squatted lower. Consolidation around the 50D SMA would present a good opportunity for a buy. Before that I would pass.
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BTCUSDT Nothing to do on Bitcoin but wait during the base building period is over
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