Watchlist 03/17
Market bounce after a fast -10% correction
Market
Last week SPY 0.00%↑ reached correction territory with a -10% drawdown from ATH, one of the fastest corrections in history. On Friday the market bounced with a 90% upday (when 90% of the total volume of trades in a given market or index is directed toward stocks that are rising in price). Oversold conditions could lead to a continued bounce this week.
PLTR 0.00%↑ failed to break down under $80, breakout over $90
TSLA 0.00%↑ over the highs of last weeks range and capitulation sell day
ROOT 0.00%↑ closed at 52 week highs and broke out on Friday, was sohwing relative strength for last few weeks
OKTA 0.00%↑ didn;’t give up much of the earnings rally and starting to move again
RBRK 0.00%↑ strong recovery on earnings gap
China
Many stocks are showing relative strength in this region
BABA 0.00%↑ consolidating after a large run near highs
EH 0.00%↑ dropped after recent earnings but recovering
YUMC 0.00%↑ multi month base near breakout
YMM 0.00%↑ uptrend, consolidating after earnings
Other speculative
AAOI 0.00%↑ “Applied Optoelectronics issues Amazon warrant to purchase up to 7.945M shares”
SOUN 0.00%↑ after a large decline looks to be bouncing a little
BBAI 0.00%↑ could see a bounce after a -70% decline
Quantum
Quantum stocks bounced and rallied on Friday, likely with optimism into an event next Thursday - Quantum day during Nvidia GTC conference week. Could be a sell the news type move after the event
QBTS 0.00%↑ broke out on Friday with a big move. If it makes another big move early in the week it will already be in extended territory for mean reversion
IONQ 0.00%↑ after a large decline has bounced off the 200 MA
RGTI 0.00%↑ similar move with rest of sector
