Micron is showing a bear trap, with current upward momentum suggesting a continued buy despite previous bearish candles.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / AVGO / MU
The Finance HydraMay 1, 2026
The creator discusses potential bearish signals on SPY and Dow Jones, noting that while QQQ remains bullish, this divergence suggests market rotation rather than broad strength. He highlights that a break below SPY's 720 level could signal a short-term reversal and a pullback opportunity, but the overall medium-term trend remains bullish, presenting potential buying opportunities on dips.
Linked Mentions
Tickers discussed in this post
Palantir is promising but not a buy until after earnings and a pullback to support.
Nvidia is stabilizing near support and the 21-day EMA, with potential for a bullish reaction next week, but earnings are a near-term concern.
Broadcom is mentioned as one of the few large tech stocks showing upward movement.
AMD is noted as one of the few large tech stocks experiencing gains.
Tesla is mentioned as one of the few large tech stocks going up amidst broader market weakness.
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