Technology Stock Signals - 06232023

en-us French Canadian Arabic Chinese

How was the video ?

Description

Auto Scroll

00:00:02

Good Morning.
00:00:02

It's Stephen White side here from theuptrend.
00:00:04

com. In the premarket this morning, stock index
00:00:07

futures are down across the board, being led lower by the Nasdaq.
00:00:12

So we may see some additional sell signals
00:00:14

on Friday if the market continues in that direction throughout the day.
00:00:19

We've already seen a bunch of sell signals, but not for the big cap stocks
00:00:23

that the world has been following over the past few months.
00:00:27

Now, the Nasdaq has traded in the channel
00:00:29

for the past two days, so certainly a possibility of a sell signal on Friday
00:00:33

with a close below 358.97. Now, the chip sector rolled over the other
00:00:38

day, so we do have the stocks index on a sell signal.
00:00:41

A good example is AMD, which has been on a sell signal for the last four days,
00:00:46

followed by Intel, which just generated a sell signal.
00:00:49

While NVIDIA had an inside day on Thursday
00:00:52

looking for a close on Friday below 406.36.
00:00:56

Next up, we're looking at Apple and we need a close on Friday below 181.85. We
00:01:02

made a new high on Thursday and we're trying to get to 187.50. Unfortunately, we
00:01:07

only got to 187.05, so did not hit our next price target.
00:01:12

Then looking at Amazon, Amazon made a new
00:01:14

high yesterday off the back of some AI News.
00:01:18

Looking for a close below 123.81. Our next price target is
00:01:23

131.25. Looking at Meta, Meta's had a quiet couple of days this week.
00:01:29

We're looking for a close below 271.15.
00:01:32

For Google, Google has been on a sell signal for a couple of weeks now looking
00:01:36

for a close above 124.70 to give us a buy signal on Friday.
00:01:40

Looking at Microsoft, we've been trading in the channel past couple of days.
00:01:43

We need a close below 332.29.
00:01:47

Then looking at Netflix, sitting right on the edge of a new sell signal, we need a
00:01:51

close on Friday below 420.56. Then looking at Shopify in New
00:01:56

York, we need a close below 62.08 on Friday.
00:01:59

And in Toronto, we're looking for a close below 82.94. And last up, Tesla, which
00:02:04

dipped into the channel yesterday before closing higher on the day,
00:02:08

looking for a close below 244.45 to give us a sell signal on Friday.
00:02:14

Okay, folks, that is all for this morning's presentation.
00:02:17

Have a great day.
00:02:17

Next time you'll hear my voice is on Sunday.

Transcription