UnclePennybagss

Watchlist 2023-04-11 $SPY $BABA $CVNA $TQQQ $SQQQ $SQ

NYSE:CVNA   Carvana Co.
SPY - all eyes on US inflation rare YoY numbers, Consensus is 5.2%. If we get 5.1-5.3% I think it is too close to call and would be best to wait for open for a trend to join on pullbacks.
<5.3 is a sell immediately, weak names with high betas like SQQQ , BABA
>5.1 is an immediate buy, strong names with high betas like TQQQ , SQ, IONQ CVNA , GOOG

For further confirmation of a trend day, watch for:
ADD pinned near +\-2000
VOLD ratio over +/- 3
TICK cumulating past 0 wicking to +/-900

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