5/13/22 AMZN room for reversion
Blue Chip Daily Premium on Twitter: “The mega caps have some room for reversion after big recent drops, but they have some downtrends to work through longer-term. $AMZN https://t.co/9re49nCAvp” / Twitter
5/13/22 QQQ reversal
Blue Chip Daily Premium on Twitter: “$QQQ could be positioned for a reversal, but I think it is a shorter-term trading position for now, as there is a lot of overhead supply to work through. If a near-term low gets put in, will need to see how it develops from there. https://t.co/sI3R2KEwei” / Twitter
5/13/22 HIGH BETA RALLY
Blue Chip Daily Premium on Twitter: “My view on the high growth downtrends is the same as all of 2022. Longer-term downtrends, but prone to very sharp counter-trend rallies, for those who are more tactical/active. There are no long-term bases here, so I’m not considering any of these charts, but they move quickly. https://t.co/bn08A0cqnO” / Twitter
5/13 MEGA
Blue Chip Daily Premium on Twitter: “The mega caps reached fairly oversold and could be due for a technical reversal, but there is some overhead to work through. I continue to think that tech is a more tactical/shorter-term sector here but will look to see how the charts develop. https://t.co/xFr7k6mXPN” / Twitter
5/12 MEGA
Blue Chip Daily Premium on Twitter: “$AAPL $AMZN (24.16) $NVDA $QQQ $TSLA (29.98) all tested 30 or lower daily RSI – technically oversold levels. https://t.co/XzJEsBw2Gk” / Twitter
512 RECAP
Blue Chip Daily Premium on Twitter: “1 large cap new high vs 219 new lows, but 292 SPX stocks up vs 210 down. $SPX held 3850 support and 30 daily RSI so far. A big short covering rally today. Top 20 large caps are -55% YTD so far. Will see if that can carry over. Bond yields down 35 bps in 4 days.” / Twitter
