Weekly Review 12.30 - 01.03

“The best buying opportunities are after market pullbacks or corrections.”

The Nasdaq pulled back to the 50ma, and as it definitely started to look concerning, there were a lot of names that were flagging. On Thursday/Friday, it came down to it being a situation of being ready with a list of names that were quality and showing the best looking set up on the daily. The turn should be happening from here, if we start to roll over, and those entries fail, then I’d be very concerned and defensive.

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Open positions coming into the week:

RUM 0.00%↑ - Partial left in RUM and trailing moving averages. Trying to let MA’s guide me on trails as much as I can. Attempting to outsmart them has led to missing out in significant gains.

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1/2

NBIS 0.00%↑ recent IPO that broke out on earnings + a long report from Citron. As it pulled back to the IPO high base, it built a range and broke out the day when the market was pulling into the 50ma. I got stopped out initially but bought it back once the 5m orb was taken out.

MRVL 0.00%↑ - After an earnings gap up over ATH, and consolidation, this name presented with an inside day off the 21ema. The estimates for 2025 are very good.

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1/3

NVDA 0.00%↑ - Lots of negative posts around NVDA past few weeks. I’ve been tracking it and provided an entry over the 50ma on Friday over 140-141 pivot. The chart below doesn’t show the 50 day, but the LOD of Friday is sitting right underneath it. A name that has been consolidating for 3-4 months and trying to reclaim leadership.

RBLX 0.00%↑ - one of the stronger names in the market that has barely pulled back to MA’s while the index visited the 50. Entered long on Friday at the $60 pivot. Didn’t do much all day but willing to let it work if it’s going to slowly start moving.

QUBT 0.00%↑ - Quantum continues to flag and looked for a long in QUBT, got stopped out and did not revisit it that day. Willing to let them continue to build out and retake it on a range break.

JOBY 0.00%↑ - One of the strong eVTOL thematic names in the market. Was a little late on the entry as prior day highs would have been the prime entry. Paid up and showed good follow through. Willing to sit and let it work if/when the other eVTOL names start moving along.

RCAT 0.00%↑ - Big move and consolidated based on the drone theme. Tried to break out of a flag off the 10ma on Friday so entered on the range break. Drone theme still very strong as most are flagging. PDYN is my next favorite name in the drone space as they also have a robot business, and are an AI company. Willing to let RCAT play out.

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