S&P 500 (SPY)
The big daily price swings appear to be calming down, but that doesn’t mean the S&P 500 can’t continue to fall. Which I think it does, again heading towards the big gap fill around 2,270.
Semis (SMH)
The Semiconductor ETF, SMH, looks very weak and appears to have a double top pattern on the intraday chart. I think that means the ETF falls back to support around $98.
Apple (AAPL)
Apple (NASDAQ:AAPL) failed to rise above resistance at $258 and is likely to result in the stock testing support again around $210.
Boeing (BA)
Boeing (NYSE:BA) has risen sharply over the past two weeks, but nothing has changed, and I think that it means we move back to $102.75.
Amazon (AMZN)
I think Amazon (NASDAQ:AMZN) cracks this week; the stock has struggled to get back over $2000, and a drop back to the $1840 region seems reasonable.
Netflix (NFLX)
Netflix (NASDAQ:NFLX) has started trending lower, and the RSI is moving lower, too, suggesting momentum is leaving shares. I think the stock drops back to $336.
Roku (ROKU)
I think Roku (NASDAQ:ROKU) is still heading lower too, back to $71. The RSI is pushing lower here also.
JD.com (JD)
Meanwhile, JD.com (NASDAQ:JD) is sitting on support at $40.00 and could be heading lower back towards $36.
AMD (AMD)
I think Advanced Micro Devices (NASDAQ:AMD) is heading back to support at $38.40.
NVIDIA (NVDA)
I think NVIDIA Corporation (NASDAQ:NVDA) fills the gap around $218.
