Watchlist 03/31
Market sells off into Trump's "Liberation Day"
QQQ 0.00%↑ the recent rally attempt quickly fizzled and closed with a bearish engulfing week. The important 200 SMA area was also rejected and downside seems likely this week. There is an important tariff deadline on April 2nd which will be market moving.
Semiconductors SMH 0.00%↑ saw a big drop with the market this week. Below $210 would be a new low with next level around $200. Many stocks in the sector have been sold off for multiple days. Any bounce attempt would need the broader market and semi ETF to be in alignment
AVGO 0.00%↑ broke down from its recent range last week. Has been down 5 days in a row and could see a small pause bounce but volume has been low and steady, no signs of capitulation yet
SMCI 0.00%↑ breaking down from recent consolidation/bear flag range
WOLF 0.00%↑ hit 52 week lows with bad news on Friday: “Wolfspeed struggling to refinance convertible bonds, Bloomberg reports”
GOOGL 0.00%↑ some range expansion and volume increasing on Friday. Potential bounce if gap down exhaustion into the $150s area
RDDT 0.00%↑ is hovering around the earnings gap level, with gap fill below if market continues to fall
CRWV 0.00%↑ popular IPO that started trading on Friday. Open to trading both directions
MSTR 0.00%↑ with BTC once again trading under the 200 SMA, this can see some downward pressure
COIN 0.00%↑ another vehicle to trade alongside BTC moves
HIMS 0.00%↑ has been selling off for multiple days in a row. If there is a sharp move and range expansion with volume capitulation into the 25 support area, could bounce
OKLO 0.00%↑ similar look as above but volume has not been increasing
QUBT 0.00%↑ seems to be trading independently of the market and other quantum stocks for the last few days. Given the rest of the sector is in downtrend a breakout over $9 could fail easily
RGTI 0.00%↑ likely bounces at $7 area if keeps selling down into it. Eventually would want to see the level break but ideally after another bounce or more time
