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Day Trading Digest: Daily Stock Ideas 3/6/2024

Tuesday, March 5, 2024 21:01

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Trend down day in the indices. QQQ finished down about 1.8% with little bounce throughout the day. AAPL let the way down in the large caps after an article talking of a 24% drop in shipments

We tested down to the 20sma on the QQQ in this run it has been a zone of demand. We shall see tomorrow if that area holds or if we turn in to a deeper pullback.

Bitcoin also got rejected at its all time highs. This might need a week or 2 to base out it came in too hot into resistance. We had an epic time shorting COIN, CLSK etc . They will need some time before the long setup emerges now on them.

Check out Szamans watchlist he always does a great job!

Plan for tomorrow is to focus on earnings plays and really liquid large caps as anything can happen. I will be very cautious tomorrow.

Symbols from TC2000
APGE
AVAV
PAY
TGT
SMCI
AMD
CELH
GOOGL
OKTA
AAPL
DELL
VKTX
CRWD
SNOW
ROOT
MDB
GTLB

The post Day Trading Digest: Daily Stock Ideas 3/6/2024 appeared first on Bulls on Wall Street.

Source: https://bullsonwallstreet.com/day-trading-digest-daily-stock-ideas-3-6-2024/

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