A Few Trade Ideas For Monday

I posted the following 2 charts in the weekend report as a reminder of a few trade ideas that we are currently  watching.  I have a few more that I wanted to add before the market opens...

 

NAK - we have been accumulating this on and around  the 200sma for months.  Friday mornings report showed that NAK was back on the 200sma, and it popped Friday...

We also looked at this chart again...

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Weekend June 17

On Friday we saw some nice follow through on a few of the recent trade set ups, but  Let's start by  discussing  the markets after the Fed decision on Wednesday.

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Friday June 16

Just a quick report this morning, because today is Friday and it is the last trading day of the week.

   

NASDAQ -  Yesterday I was watching this slight push higher after the sell off, just in case it was a bear flag. The 50sma would be watched for support or failure.

QQQ- About an hour before the markets closed, I posted this chart in the comments / Chat section and pointed out that this actually could be finding support with a reversal at that 50sma.  A set up like this can be bought with a stop right below support.  TQQQ looks just like this too.

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