Rope in a Few Bounce Plays

In last night's video both here and with Members we discussed the often-overlooked 150-day simple moving averages being tested on both ARKK and TSLA. Seeing as they are bouncing hard along with most things tech this morning as rates back off, we now have context going forward for mot bounce plays: Should ARKK and TSLA surrender their 150-day moving averages, it is tough to see the current market bounce sustaining itself. 

Until then, we are in bounce mode. One name which has my eye is Match Group, below on its daily chart. Note how well it held up in terms of an orderly pullback during the correction, with price re-taking the 50-day moving average this morning. I would also watch recent IPO and peer BMBL to get some momentum if the market rally sticks, too.