One green day ≠ reversal. Monday's bounce? Just catching breath after a brutal dump.
$QQQ rallied 1.21% but stalled right at 5-day MA. Buying here = coin flip.
$AMZN looked decent with gap-up + volume, but it's been a chopping nightmare since August. One bounce doesn't confirm trend shift.
$GOOGL — great company, terrible chart. Don't catch falling knives just because you love the brand.
$DELL gapped up then bled all day, nearly went red. Buyers couldn't hold the line. Weak.
$CRWV (AI cloud darling) — up 6% premarket, closed -0.44%. High capex AI plays bleeding out. Wait for stabilization.
$NOW holding better than most. Didn't break key support Friday, bounced Monday. Watch if it holds 10-day MA.
$MSFT + software stocks trying to base. Not dead yet, but one bounce ≠ new leg up.
$SPY — most stocks under 50-day MA. Even oversold bounces fade fast. Earnings season ahead will separate survivors from corpses.
$MU pumped today but storage sector charts still broken. Gaps filling intraday. Don't mistake dead cat bounce for reversal.
Cybersecurity ($CRWD $PANW $NET $OKTA) — no reversal signal yet. Broke 50-day, bounces weak, closing near lows. Real bottoms form higher lows + reclaim key levels, not panic buying after -30%.
Mag 7 ($MAGS) — $AMZN looking decent but sector still damaged. If $MSFT can't sustain strength, $SPY struggles to rally hard.
$XLV (healthcare) holding up better but defensive ≠ moon mission.
Bottom line: Wait for real strength to emerge. Let winners prove themselves. Cut losers fast. Earnings will sort the wheat from chaff.
$QQQ rallied 1.21% but stalled right at 5-day MA. Buying here = coin flip.
$AMZN looked decent with gap-up + volume, but it's been a chopping nightmare since August. One bounce doesn't confirm trend shift.
$GOOGL — great company, terrible chart. Don't catch falling knives just because you love the brand.
$DELL gapped up then bled all day, nearly went red. Buyers couldn't hold the line. Weak.
$CRWV (AI cloud darling) — up 6% premarket, closed -0.44%. High capex AI plays bleeding out. Wait for stabilization.
$NOW holding better than most. Didn't break key support Friday, bounced Monday. Watch if it holds 10-day MA.
$MSFT + software stocks trying to base. Not dead yet, but one bounce ≠ new leg up.
$SPY — most stocks under 50-day MA. Even oversold bounces fade fast. Earnings season ahead will separate survivors from corpses.
$MU pumped today but storage sector charts still broken. Gaps filling intraday. Don't mistake dead cat bounce for reversal.
Cybersecurity ($CRWD $PANW $NET $OKTA) — no reversal signal yet. Broke 50-day, bounces weak, closing near lows. Real bottoms form higher lows + reclaim key levels, not panic buying after -30%.
Mag 7 ($MAGS) — $AMZN looking decent but sector still damaged. If $MSFT can't sustain strength, $SPY struggles to rally hard.
$XLV (healthcare) holding up better but defensive ≠ moon mission.
Bottom line: Wait for real strength to emerge. Let winners prove themselves. Cut losers fast. Earnings will sort the wheat from chaff.