Watchlist 2023-02-10 #NET #SONO #GOOG #APP SPY extending losses yesterday as the 10-year yield reaches is highest level in months. Key resistance is 410, IMO we are unlikely to get there until we form some type of base. The sellers are in control at the movement so pops favor shorts. Key support is 404, then 402,40, then 400.
NET - earnings beat and raises guidance slightly, showing relative strength in the PM. Room to 65.40 but may need show market help. Better to see it base first then join a trend.
SONO - showed resilience in a collapsing market PD. Long is still valid if we can get over 20.90 for a flat top break.
APP - late day fade after breaking the trendline. Looking for a potential gap fill to 14.50 but unlikely for it to get there in only one day,
GOOG - potential capitulation trade after we flushed out stops until 93.88. For an A+ trade to form, SPY needs to find some type of base, otherwise, any longs are a scalp.
Other watches, F
I focus on names trading elevate RVOL>2, trading past key ranges and pivots, typically with news catalysts