Stocks we're watching: Q levels, NVDA, PLTR, and more

Watchlist for this week and beyond -   Monday, Feb. 20, 2023 Stocks we're watching: Q levels, NVDA, PLTR, and more Hey Reader, The live trading room will be back tomorrow at 8:30 AM ET -- if you haven't already, go jump in and [create a username]( under the settings at the top right! As we get ready to kick off another trading week, we wanted to pass along some charts members of the Money Morning LIVE team are watching right now. QQQ Daily Chart We're actually going to start with an exchange-traded fund (ETF), but not just any ETF... our favorite ETF, the QQQ. Candlestick expert Licia Leslie covered the [Q levels to know]( on Friday during Profit Takeover. Right now the ETF is sitting right above the crucial $300-$301 area. (Click charts to enlarge!!!) QQQ daily chart with line at $300 Nvidia (NVDA) weekly chart NVDA will be in focus this week since the company has earnings after the close on Wednesday. The stock was one of the major beneficiaries of the market's bullish action in January, but the past two weeks it's wicked up against the $230 region that has been a major pivot point over the past two years. NVDA weekly chart with line at $230 United States Natural Gas Fund (UNG) weekly chart Natural gas prices have fallen fast, and as a result the UNG has plummeted. The ETF has already been cut in half in 2023, and it just hit new all-time lows this past week. On Friday, J.C. Parets suggested UNG could flush once more before making a sudden move back to the upside in the weeks ahead. UNG weekly chart Sonic Automotive (SAH) weekly chart Here's a little-known stock that's showing a lot of strength. This is another name that J.C. was analyzing on Friday, noting how the shares just broke out to all-time highs, while short interest remains high, accounting for 28% of the total float. SAH weekly chart... breakout?! Palantir (PLTR) daily chart One of this market's most talked about stocks right now, PLTR shares cooled a bit on Friday following a very strong earnings reaction. But as you can see, they're still well below their previous highs (not to mention their all-time highs above $40). A few different members of our team are bullish on this one, with Mark Sebastian calling for a move to $15. PLTR daily chart Carvana (CVNA) Lastly there's CVNA, which has been in the forefront of the market's bounce back this year. However, the shares topped out near $20 earlier this month and have since moved back to the $11 area. Even though this is still a major move from the $4 level where they started the year, the shares still remain well below the 200-day moving average that's right now around $21. But really CVNA is worth watching this week because the company reports earnings after the close on Thursday. CVNA daily chart What charts are you watching this week? If you have one you want us to take a look at, bring it to the show tomorrow morning at 8:30 AM ET and submit a chart request for our team to look at. On top of the list above, we'll also be watching Walmart (WMT), Home Depot (HD), and Coinbase (COIN), since all three report earnings tomorrow. We'll see you then! The Money Morning LIVE team   You are receiving this e-mail at {EMAIL}, as part of your subscription to Money Morning LIVE. To remove your email from this list, [unsubscribe here]( or manage your Money Map Press [Email Preferences](. To cancel, or for any other questions or requests, please contact our Customer Service team: [Online]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Money Morning Live | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday - Friday between 9:00 AM and 5:00 PM ET. © 2023 Money Map Press. All Rights Reserved. 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