First Fellow

The names I want an entry like $GOOGL, $AAPL, $NVDA, $AVGO, etc ain't dipping. All these "who cares" stocks like $AAOI, $IONQ, $CRWV, $FN, $LITE, etc with over extensions are pulling back.. smh!! $MRVL is the one of the few attracting dip buys right now, I think.

• Oil prices are rising while futures are falling.  $XLE $XOM $CVX 
• Eli Lilly's obesity drug faces competition from black-market versions.  $LLY 
• $AAPL is surging ahead of the WWDC event.  
• $CSCO is near highs after transitioning to AI infrastructure.  
• Memory-chip stocks are rallying due to increased AI data center spending.  $MU $SNDK $STX $WDC 
• Upcoming week includes Cisco earnings and potential Dow Jones stock breakouts.

$MAGS Category: A

This is the ETF that purely focuses on your most popular Magnificent names like $GOOGL, $AAPL, $NVDA, $AMZN, $META, etc. Except $MSFT & $TSLA, remaining are showing immense strength. I think we will see a more upside in the names soon. 

PT: 75 

• Dow Jones rose over 600 points amid hopes for a peace deal and strong labor data. 
• Oil prices fell nearly 7% due to potential diplomatic solutions. $XLE $XOM   
• $ADP report showed private-sector payrolls increased by 109,000 in April, exceeding expectations.  
• Advanced Micro Devices reported a 43% earnings increase, driving stock prices higher.  $AMD 
• Walt Disney's earnings beat expectations, with a refined guidance projecting 12% EPS growth.  $DIS 
• Lam Research stock is recommended as a strong buy following significant earnings growth.  $LRCX

DON'T SHORT THE MARKET just because it's going up too much. 

Sorry to say but that's a stupid move, rookier than a 101 mistake. $SPY & $QQQ will give us signals when that time comes. Market is going up on full thrust in technicals.

$NAMO at 14, $NYMO at 2. 

It's uncanny how these breadth indicators are far from Overbought conditions. In other words, there is a lot of juice or 'dry powder' left. For new traders, don't chase gap-ups like $AMD, $INTC, $MU, $SNDK, $WDC, etc. There are still good opportunities, identify them, add to your Watchlist and wait for an entry. That's how you make money. Don't chase!

$AAOI with a much needed breather candle. An entry around 125-120 offers a good R/R. On the other hand lets say it decides to go to YTD Avwap around 100, I am adding full intended position. That's like adding $WDC around 200 or $MU around 350, technical levels not fundamentals. 

$CIEN Bears might say, this is trading at 60 times Forward P/E, 300+ P/E, 15 times P/S, Many analyst targets are around $150 blah blah. 

I agree with them. I think an epic short is brewing in some of these names but we can't front-run these ideas before technicals breakdown. $LITE, $AAOI, $COHR, etc are almost in the similar zone.

$FSLY is a clean breakdown chart. We saw a massive crash post ER and an inside day. I would expect a continuation in breakdown. 

PT: 17-16 

$META is yet an good setup. A 3-week gapper testing the trendline and an inside week. I call it category 'B' because 200ma is right there and yet to be breached. But if we can ignore that, it's a good idea. Why I won't buy? Same reason as $GOOGL - ER around the corner. Source: First Fellow

Someone said $NVDA went to 21ema. Is it true? It can't be when $POWL's $STRL's $FN's $SNDK's of the world are living off of it and running at insane multiples. 

Anyways, whether it works out or not, this is such a high R/R entry. 

I just scanned about 30+ high liquid names, most of them are well extended. All we can do is let them settle and come back to entry rather than chasing them. 

A few of those names that's worth waiting for a retracement: $AMD, $TSM, $MU, $GLW, $POWL, $STRL, $CAT.

I am not saying $AVGO is under-valued, but actually very surprised it's not at 500 already, same with $MRVL and 200. Especially if you consider how well $SMH names are going like $AMD, $TSM, $ASML, $FLEX, $FORM, $LRCX, etc etc. AVGO & Marvel are super ready for next leg up. 