Picks for 8/10/2022

The markets are set to rip at the open as inflation numbers came in better than expected. The watch list will involve most of my most of my recent picks since they all have strong set ups going in to a very bullish trading day.

QQQ - QQQ is set to rip at the open. Yesterday's candle tested my short term support level and held it. Today's open will break the descending trend line so a close above that will be very bullish for the near term trend. We may see resistance at 330. Calling a close today of $329.79 +/-

BMBL - Yesterday's close tested and held the up trend line. Earnings scheduled for today. be cautious.

ANNX - ANNX has made higher lows and higher highs since bottoming in April. Beginning in June the OBV has confirmed the up trend.

The most recent candle made a bullish engulfing patten that tested and closed above the descending trend line . We also see that the short and long term Force Index recently turned positive.

With the MACD curling it appears it should cross over any day now and with that I anticipate the move higher to continue.

Target: $6.08

Also watching: SBUX, VERI, NLST, XBI

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