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The jobs report crushed expectations, and after a strong report from Amazon<\/strong> (NASDAQ:AMZN<\/u><\/strong><\/a><\/span>), we got a powerful rally in the stock market on Friday. That helped make up for Thursday\u2019s poor performance. So, with that in mind, let\u2019s look at a few top stock trades for next week.<\/span><\/p>\n Bitcoin<\/strong> (CCC:BTC-USD<\/u><\/strong><\/a><\/span>) looked bearish to me the other week, and I said <\/span>I would be wrong<\/span><\/a> if it cleared the 10-day and the $39,000 level. Well, it did just that.<\/span><\/p>\n Interestingly, I believe Bitcoin <\/span>helped fuel Friday\u2019s rally in tech and \u201crisk-on\u201d assets<\/span><\/a>.<\/span><\/p>\n Now roaring back above $40,000, Bitcoin is above the \u201cflash crash\u201d low in December and into a key area. If it can continue higher, I want to see Bitcoin test into the declining 50-day moving average and the weekly VWAP measure.<\/span><\/p>\n Over $45,000 puts the 200-day and potentially $50,000 in play.<\/span><\/p>\n On the downside, though, let\u2019s see if the 10-day and 21-day moving averages can act as support. If they do, that\u2019s indicative of healthy price action. If not and we break the recent low near $36,350, then we could see $35,000 again and retest last month\u2019s low.<\/span><\/p>\n Moreover, a break of last month\u2019s low could put the major support area near $30,000 in play.<\/span><\/p>\n Like Bitcoin, Ethereum<\/strong> (CCC:ETH-USD<\/u><\/strong><\/a><\/span>) has come roaring back to life. It pushed through that notable $2,700 area and its 10-day and 21-day moving averages.<\/span><\/p>\n However, it\u2019s running right into its weekly VWAP mark and has yet to reclaim its December \u201cflash crash\u201d low \u2014 unlike Bitcoin.<\/span><\/p>\n From here, I don\u2019t want to see Ethereum lose $2,700, but I <\/span>really <\/span><\/i>don\u2019t want to see it back below $2,500. If we do see that, then the January low could be on the table for another test.<\/span><\/p>\n On the upside, however, $3,250 and\/or the declining 50-day moving average is the next area of interest to me. Above $3,350, and the 200-day is in play.<\/span><\/p>\n Unity<\/strong> (NYSE:U<\/u><\/strong><\/a><\/span>) is a great company, but the stock is a volatile mover with a high valuation. Still, I love it.<\/span><\/p>\n We have a double bottom off the $90 to $92 area. Shares have been struggling with this $110 area over the past two weeks, but if Unity can hurdle this point and reclaim the 21-day moving average, it will put $115 in play.<\/span><\/p>\n Admittedly, that\u2019s just a $5 move, but this zone has proven significant. Above $115, and the 200-day is in play alongside the weekly VWAP near $124.<\/span><\/p>\n On a dip, though, a break of $100 could put $90 back in play. If buyers come back to growth stocks, Unity can fly.<\/span><\/p>\n Amazon is Friday\u2019s big man on campus. This stock is ripping on better-than-expected results, and boy did it need it.<\/span><\/p>\n Not only did it help kick the stock market into gear, but it saved it from a potentially brutal decline as it\u2019s already been struggling for quite some time.<\/span><\/p>\n Amazon is now back in its $2,880 to $3,500 range. That said, it\u2019s running into a key area, including the 50% retracement, the 21-month moving average, the declining 10-week moving average and several areas of prior resistance.<\/span><\/p>\n If it can regain this area, $3,350 is in play, which is the 21-week and 50-week moving averages, along with the 61.8% retracement. Below $3,175, and it may lose some steam.<\/span><\/p>\n On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <\/span><\/i>Publishing Guidelines<\/span><\/i><\/a>.<\/span><\/i><\/p>\n Bret Kenwell is the manager and author of <\/span><\/i>Future Blue Chips<\/span><\/i><\/a> and is on Twitter <\/span><\/i>@BretKenwell<\/span><\/i><\/a>.<\/span><\/i><\/p>\n<\/p><\/div>\nTop Stock Trades for Monday No. 1: Bitcoin (BTC-USD)<\/h3>\n
Top Stock Trades for Monday No. 2: Ethereum (ETH-USD)<\/h3>\n
Top Stock Trades for Monday No. 3: Unity (U)<\/h3>\n
Top Trades for Monday No. 4: Amazon (AMZN)<\/h3>\n