C.O.I. For The Week Of 8.26.19
ADNT: Is still above its 200sma. We will wait to see if we get a bounce to sell into. If no bounce, our stop is at 19.55
AMD: Has lost its 50sma and uptrend lines. We are looking to sell into any bounce.
AMZN: We got that 3rd test of the 200sma we were looking for on Friday and we went long. We are expecting a bounce to sell into. If we don't get the bounce, 1672
CRM: Blew out earnings on Thursday and gapped up Friday. But then promptly sold off with the market. We got long around 152, right at the 200sma. We're just looking for a quick bounce and exit.
MSFT: We got long MSFT last week when it broke above 138.60. It has now sold off to support. We are looking for a bounce to sell into and hopefully turn this into a winning trade.
NVDA: We got long NVDA around 163 on Friday. It's retesting the 200sma and we expect a bounce to sell into. If we don't get that bounce, stop is 156.80
SNAP: We got long SNAP at 16.61 and it's now -7.73% in the red. It is testing the 50sma and we expecting a bounce to sell into. If we don't get that bounce, our stop is 14.14
TSLA: Continues to ride the downtrend line further down. We are now down to a 1/2 position with a stop at entry. We're going for 120 target with the last 1/2.
TWLO: Is a strong name and when this market bounces, we expect a nice size bounce from this name too. If we don't get the bounce, our stop is a close below the 200sma.
TWTR: We traded in and out of TWTR all week and it was a winner. We are back in at 41.88 and looking for a bounce to sell into. If we don't get the bounce, our stop is a close below the 50sma.