Information Technology
- MSFT | Looking like it will open close to significant daily level, nor far above is a gap zone. Showing premarket strength, there has been a gap up. If stock can hold above 160 & showcase meaningful demand, then this looks like a promising play to the upside. May be necessary to wait until FOMC meeting, not sure what to expect prior to meeting which is at 11am EST (8am). Higher priced stock, best to trade 5 shares or less, or if you’re planning on going in heavier, to keep tight stops. 5 shares or left is best, do not relinquish what little monthly profits you’ve accumulated so far
- AAPL | Similar to MSFT but the level AAPL needs to overcome to reach the gap area is a daily one & it’s not yet reached it in premarket, seems more likely to be a move down, or at least, a move up then a rejection of the 135 level
- NVDA | similar to both AAPL & MSFT, but this name is hovering right at significant 160 daily level, having pushed past it briefly in premarket. A hold above 160 could spell demand sufficient to push to 163, If this manifests, it will then have reached gap level & if gap fills, could push to 170. Looks like this will be be another name contingent on Fed meeting, but this name looks like it has significant potential.
Consumer Staples
- COST | Gapped up & yesterday’s price action showcased deliberation but definite demand at 450 level.
Industrials
- BA | Upside | Looks promising, gapping up into prior gap zone, but hasn’t filled it, strong bullish candle close yesterday with considerable volume. Looks to be best play I’ve found so far.
Communication Services
- TMUS | Looked good, but too small
- META | Charted, looks like there’s some room to the upside to 170.