Daily review and setup ideas

$MRK $NU

Mukund Mohan
January 09, 2024

Market

Mixed action with $QQQ up and $SPY $IWM $DJI lower

Short term we are above the 5 day moving averages - positive for the market.

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Healthcare is still strong.

Financials are starting to show strength into the earnings Friday for $BAC $WFC $JPM $BLK $BK and $C all due on Friday.

Video of the day

Good setups for swing

$MRK is a good setup to move higher

$MRK should pull back to $113 to $116 and then move higher to $125 with a stop loss at $110 range (20 Day MA)

$NU is another good long setup

$NU is looking to get to multi-year highs at $10.23 range in a few weeks. Buy between 8.24 and 8.66 with a stop loss at $7.76