Weekly Watch-List $SPY $VIX $NVDA $MSFT $CRM $IBM $CSCO $AFRM $PYPL 03-19-22

SPY weekly had a huge rally, the $420 held as a weekly support buyer stepped in and gave nobody a chance to get in without a pullback, technical were horrible, the macro view was just as horrible, and despite everything that was pointing to a more bearish view $SPY held at $420 and broke out of this falling wedge, will explain more on the daily chart.

$SPY daily breaking above the $438 and $440 resistance with the RSI above the 55 the relative strength of the market we could retest the next high the $459 or another 3% higher before we bump up to the next daily resistance. So until we reach the $459 Ish personally I think its best to go long here, the momentum is there and I would use the $440 as a stop loss or support for now.

$VIX daily all moving averages are pointing down towards the $20 the next support if the VIX is going lower and heading towards the $20 support level then $SPY could also reach the $459 $460ish. so i will keep an eye on the $VIX and see if it continues to go lower

$NVDA I don't think we will see a pullback on $NVDA but if we do pull back to the moving averages it would be such a nice gift. Maybe will get a pullback at the open, at the $250 level, or maybe will just consolidate to digest these huge moves. NVDA is up 25% from the bottom and if you look at the daily you'll see that the pullback to 61.8 on the fib level has held 3 times and bounced from there. So this is what I would do if we get a pullback. I would wait to get a 5% or around the $250ish area and if it holds and bounces back up from there consider it a gift that would be the best scenario. But the market doesn't work that way so we have to trade what the market gives us. If it opens higher than the $270 then we will likely go for the $290 and would be a nice trade to go in and out day trading. So to sum it up if it pulls back wait until the stock drops to the $250 $255ish and if it opens above the $270 I would day trade it in and out until we reach the $290 resistance.

$MSFT daily if we gap up above the $302 I would swing it long with a stop loss at the $301 if we are not able to gap up above the $302 I would then rather wait to see if we can retest the $290 support before getting in

$CRM Daily also looks great if we stay above the $218 I would look at the monthly calls to swing it until we reach the $2409 target, if we are not able to stay above the $218 wait for a pullback to see if the $205 holds

$IBM Daily a value stock is also looking great here broke out of the $128ish a small resistance and looks like we could probably target the $134 if no Russian news comes out to affect the market

$CSCO daily if we can get above the $56.50ish and clear this triangle I think we can slowly reach all three targets and using the monthly calls would be an ideal swing trade

$AFRM Daily if it can open above the $44 i think we should be able to go for the first Target the $55 level, i am already in this position started it Friday the May 20th 55calls

$PYPL daily also looks great here, the moving averages just starting to cross. I would use the $118 as an entry and a stop-loss to reach the $141 the 1st Target using the May or the June $150 calls