Amgen was bought near a support level and the 21-day MA and is now performing very well.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / UNH / ORCL
The creator analyzes the current market sentiment, noting optimism in SPY and QQQ despite some stocks trading below their moving averages. He discusses several tech stocks including Nvidia, Tesla, AMD, and Palantir, highlighting potential buying opportunities based on technical indicators and support levels, while cautioning about earnings and the need for confirmation. The creator also mentions successful trades in Dow Jones components like Merck, Walmart, and McDonald's, emphasizing the importance of strategy and risk management.
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Tickers discussed in this post
CCEP was bought near a support level and is now performing very well.
McDonald's was bought in January and is currently performing very well.
Walmart was bought in January near the 21-day MA and is currently exploding.
Merck was bought in December near support and the 21-day MA and has since performed very well.
Amazon is mentioned as likely being below its moving average, indicating a bearish technical position.
Microsoft is mentioned as being below its moving average, indicating a bearish technical position.
Oracle is reacting after closing a gap and needs to make a bullish pivot point by breaking 165.39 to confirm a reversal, especially if SPY and QQQ also show strength.
Palantir is reacting above its support level and showing higher highs and lows on the hourly chart, suggesting a potential bounce despite a weekly head and shoulders pattern.
Tesla is technically bearish but shows a potential hammer candle pattern, suggesting a possible buying opportunity if it breaks above the hammer's high and confirms a bullish pivot point.
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