BIG PICTURE:
Red day in the market indexes yesterday but notwithstanding we are still in a healthy uptrend. Markets were over bought as I'd noted a few days ago and needed to pull back/consolidate and did so especially the $QQQ's over the past few days.
Maybe the selling continues today but I believe "dip buyers" will come in. That being said, I am still long biased and will continue to favour long over short plays.
MY BEST IDEAS:
$MRNA:
Gapping up today after a double test of support and the 50-day sma around $65ish due to announcement of striking a 1.5bn deal for US supply of covid-19 vaccine. So I'm long biased on it. With an ATR of 5.69 this stock has a lot of range and I could see it trading in the low 80's today.
OTHER POSSIBLES:
$VXRT, $RKT, $ROKU, $SQ (all long biased)
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