Trade Brigade

If we do not test Tuesday's low and we let's say we open in range, could we start treating this as a higher low double bottom? And is that stronger than the S&P 500 equal low... Yes, I would think so.

— Trade Brigade, at 16:51

Notice that there's even less lower wick on the QQQ just means it's more bearish, right? There's no sort of push back... Same concepts as the S&P. I'll try to keep it a little bit briefer through the NASDAQ.

— Trade Brigade, at 19:50

We've got QQQ ripping to a new brand new all-time high... I would like to see a pullback. I want to see the market do something like this to be able to fuel the next leg... you're exhausting buyers up here

— Trade Brigade, at 5:16

the base case is seeking higher lows which ultimately go on to set higher highs... I know I've said it a gazillion times, looking for the daily higher low in this raging bull market.

— Trade Brigade, at 5:29

Expected move strikes me as being bullish... base cases. I'll do it one final time. I think we've beaten this horse to death. Sorry for the horse. Uh this, this, this.

— Trade Brigade, at 22:06

It's bullish. It's absolutely bullish. I want to stay on the bull side of the narrative, but higher lows and consolidation are the name of the game to successfully set up sort of the next major leg higher... chasing this up here, no thanks.

— Trade Brigade

I don't want to be overly bullish at the tippity top of the move again in a trend count... the data points have meaningfully changed and now it's just about finding the appropriate riskreward entry to participate in the new green shoots, if you will, of the uptrend.

— Trade Brigade

The overall trend remains in the downward direction with highs lower highs but equal lower highs but equal lower high lower high and still potential for a lower high here. We're underneath the 20, the 200, and the 50.

— Trade Brigade

It's the same exact concept. You're in a developed daily downtrend. You're underneath all the key moving averages and you have this 580 level that could potentially act as resistance for your next lower high in the trend count.

— Trade Brigade, at 8:00

Weekly structure goes to the bears. Solid red body bar. Lower high paired with a lower low. Candle closed completely outside of and underneath prior week's range taking the 50 SMA just no good here on the weekly time scale if you are a bull.

— Trade Brigade

A little bit of relative strength here and that's been the case over the last little bit. We know this. So for now, what is the trend? It's actually a little bit more neutral over here in the Nasdaq... but definitely with a bearish flavor to it for sure.

— Trade Brigade

I don't really see much in the way of bullish strength here on the weekly.

— Trade Brigade

I mean, we have to just turn this entire analysis upside down, right? which is kind of wild and crazy to say... this is not nearly as bearish as what we have over in the S&P 500... I definitely see the inverted hammers. I see the upper wicks. If you're a bear, you want to see a b

— Trade Brigade

The downtrend is still, you know, a bit more meaningful here with these potential lower highs... you did reclaim the 20 in a notable way on today's session.

— Trade Brigade

I don't know that I can be overly bearish the market as a whole. I think I would probably flip back to neutral here

— Trade Brigade, at 15:00

the daily trend is already down on the QQQ. And in my view, this is just a counter trend rally. This is not a substantial rally that really changes the tone of what's happening in the NASDAQ.

— Trade Brigade

it's been fairly hard to really talk confidently about the S&P without sort of the backdrop of the NASDAQ being much weaker here... the trend is down at this point. This is a lower high here. This is certainly a lower high here. This is a lower low

— Trade Brigade

It's a very, very timid market. It's a very timid tape... base case is that we're back in the box... I would tend to favor longs just for range rotation. Nothing more. Not all-time highs.

— Trade Brigade

I just can't really lean into the idea that this is a momentum market though with software getting absolutely annihilated. The MAG 7 certainly underperforming... it looks more like a couple of breakouts have failed. We're not really breaking down to lower lows yet... I don't want

— Trade Brigade

I'm not as bullish on the NASDAQ as I am in the S&P 500... In the NASDAQ, you have these higher lows, but you have those lower highs as well. And this failed breakout sort of just gives an opportunity where... I'm just very very neutral to NASDAQ.

— Trade Brigade

How bearish can I really be if we're just consolidating and balancing over previous resistance?... I don't love the daily bar from today please don't get it twisted that is a ugly upper wick there indicating a failure here over a prior day's high.

— Trade Brigade, at 17:52

I would still classify this as a higher low in the trend count, and that would be bullish for small caps still... this to me is actually more of a tailwind to the S&P 500... weekly trend remains up

— Trade Brigade

IWM telling me that breath still looks good under the hood. This is an expansion of breath which is bullish for the rally to in the S&P 500.

— Trade Brigade, at 11:14

This to me is a bull flag up here at the highs. Wick shows bullish compelling evidence. Look below and fail of the previous weekly low, closes back at the opening print of the previous weekly bar.

— Trade Brigade, at 24:52

Russell is telling us to keep an open mind to the broadening nature of the market rally, even though the S&P 500 is giving us that uh inverted hammer, shooting star, if you will, on the daily... if rates break out, does this go for a head and shoulders? Maybe.

— Trade Brigade

if you're a bear, like go be a bear in small caps. Do not be a bear on mega cap tech... You've got yourself the downtrend here on the hourly chart. That's for sure. You've clearly blown out to a new hourly lower low. You've got hourly lower high here. You broke down from the bala

— Trade Brigade

I think that the small caps will start to lead uh when everybody's positioned in the mega cap stuff already... why reach into the IWM quite yet and look for a performance booster when, you know, there's still plenty of setups happening in the mega cap tech arena.

— Trade Brigade

I'm not jazzed up about them, but I'm also not as bearish small caps as I am on, you know, S&P NASDAQ... I hope you can maybe hear a little bit of the tension in my voice as it relates to small caps. I'm not jazzed up about them, but I'm also not as bearish small caps as I am on,

— Trade Brigade

for small caps, not really the worst look in the world... Are we out of the woods? No, I don't think so. But, you know, it's certainly a step in the right direction... I'm gotta be honest, I'm a little bit more partial to that [look above and fail]

— Trade Brigade

I don't know on smalls. It's it's a little bit wishy-washy here as as I see it at least... I could almost see it going either way, which is never very helpful... Still bearish, but I could see the argument for the turn happening sooner on small caps

— Trade Brigade

This, as we know, has been more bearish with the breakdown of the overhead supply. You could see the clear lower high here just like the S&P 500... Great descending triangle, increased odds of a breakdown.

— Trade Brigade

I don't really see that as being all that constructive. I think if you take out today's low tomorrow, it's the same as everything else. Range low rotation is the idea.

— Trade Brigade

weekly structure on small caps is completely different, right? Look at the solid green body bar... overall, very bullish, much much more bullish than the S&P 500 over in small caps... This is still just a bull flag on the weekly. No problems there.

— Trade Brigade

It's the only index with a successful breakout moving over these prior highs with any sort of conviction. So to me, that is absolutely bullish... Brand new 52-week highs, all-time highs, the whole nine yards in smalls.

— Trade Brigade

nothing about this looks bearish, right? Could we pull back? Yes... if you're not already long small caps, buying long up here, you're probably someone else's exit liquidity, right?

— Trade Brigade

I don't love this chart. I hate this little consolidation, but with a catalyst, it might make it at least a little bit more watchable... I would be willing to short that on Microsoft if it uh if it cannot get up off the floor here.

— Trade Brigade, at 31:06

Microsoft, killer numbers... Amy Hood was on fire on that conference call. Really nice job... Intelligent cloud up 30%.

— Trade Brigade

I remain still a little bit skeptical about any software names that are not uh Microsoft. That's it. Like period, Microsoft is the one. And uh you know, it's simply because they have Azure.

— Trade Brigade

we could pretty much thank Microsoft single-handedly for saving uh the IGV ... I personally would just stick with Microsoft because of their Azure play, right? They're really cloud infrastructure, not just software.

— Trade Brigade

I'd love to see some right side buildout on this Microsoft. Can we stage a higher low? Can we stay over the 50 SMA?... This is definitely one of the names to focus on in the software group just because they have the Azure cloud... you could see uh Microsoft try to remain or or at

— Trade Brigade

you could look no further than a Palunteer and a Microsoft on today's session. They really didn't farewell at all.

— Trade Brigade

I did add to Microsoft on Tuesday... this inverted head and shoulders is reversing the daily trend.

— Trade Brigade

Microsoft earnings just reinforced that software is practically toxic... almost directly opposed to that is Microsoft... software is just going to become a commodity... software is certainly starting to feel the burn at the bottom end of the barrel.

— Trade Brigade

I think that this just looks soft and weak quite literally... lower highs here, rock and roll for a short... How can you position for shorts on these rallies for a lower high is the name of the game on Microsoft.

— Trade Brigade

Thank you Amazon. Thank you Tesla for acting like absolute dogs.

— Trade Brigade, at 27:00

Amazon, your other heavyweight component in the XLY. Absolutely brutal through the neckline of this as a double top from what looked like, hey, we're starting to break this inverted head and shoulders neckline to completely failing over the span of the last three trading days. Co

— Trade Brigade, at 19:06

Personally, I'm still a believer. I I know it's been sort of quiet the last little bit, but still a believer that Amazon's a huge winner of the AI story, uh, and that more highs are in store at some point.

— Trade Brigade, at 33:53

Amazon, the wannabe Jeff Bezos aka Andy Jasse was able to turn the story around as well, producing brand new all-time highs on Nancy... AWS numbers here, right? Huge. Up 28% year-over-year.

— Trade Brigade

really tight inside bar on today's session. Uh, I am looking for continuation out of that to all-time highs or if we do pull back higher low in here and continuation like that.

— Trade Brigade

Amazon doesn't look half bad... there's a partial gap close here. We're back inside of the earnings range and there's been some degree of momentum to the top side... If asterisk, the broad market remains bullish. If the broad market's falling off of a cliff, I'm probably looking

— Trade Brigade

Micron earnings on Wednesday. And this one matters more than you think... The million-dollar question to ponder this weekend is if Micron delivers on earnings, does the AI trade rally again? Or if they disappoint, does the whole thing come crashing down

— Trade Brigade, at 0:00

Hard to be bearish with uh this looks like MU basically. If you look at your MU daily chart, looks exactly like MU. So, you know, it's it's hard to be bearish the market if semiconductors are still hanging out at highs.

— Trade Brigade, at 24:48

MU on the rally attempt could not even take out the previous day's high dropping from this overhead supply as a leading name in the market propping things up through this rally here.

— Trade Brigade, at 26:00

we can go on over to an MU in the memory space, also underneath the 20 SMA, failing and closing underneath the 50 as of Friday.

— Trade Brigade

I'll look at an MU. Same thing. Inverted hammer off of the 20 SMA.

— Trade Brigade

Getting it up out of this range is the most important part. We've retaken the daily 20 and the 50. Any higher low brigade bolts here look really great for a higher low back to the equal high and then continuation.

— Trade Brigade, at 36:43

Meta, nah, not so much... the Zuckerberg has been zucked. Big downside there... Meta is the only one that was gapping down out of the big major.

— Trade Brigade

Leading the pack is communications. You can thank nobody other than Meta for that with the monstrous gap up... XLC out to new highs... We can thank Meta for that... that gap fill reversal is pretty bullish.

— Trade Brigade

you've got Meta breaking down

— Trade Brigade

There's nothing to do with this absolute pile of garbage... what do we do with a chart that looks like this? If you've been having fun trading intraday, you keep doing your thing. But I will pass on a trendless, volatile, violent, ugly, steaming hot pile of garbage that has horri

— Trade Brigade, at 33:53

I do like Broadcom, believe it or not, on the long side. I am starting to see some character changes out of Broadcom where the 20 is no longer rejecting this as cleanly... if this was going to be a nasty and like gnarly situation where oh my god, the head and shoulders is game ov

— Trade Brigade

I still think this thing has a date with the daily 200 SMA at some point... Broadcom, I think it's still weak. I think it needs more downside, but forcing new shorts after a not failed follow through... New shorts down here, not my favorite.

— Trade Brigade

you could also start looking at your CRM of the world. That thing just took out a new uh pivot low off to the left.

— Trade Brigade

Not that I think that this is a beautiful thing. Uh but just trying to build out a little bit of inverted head and shoulders of course.

— Trade Brigade

CRM is going to be one of the trade ideas from the end of the video. It just looks horrible, right? CRM is almost a rinse and repeat of this.

— Trade Brigade

Oracle gapping down on earnings. Well, that's not very helpful either.

— Trade Brigade, at 0:00

I want to be open-minded to a lot of the data center names. So far, I'm thinking Oracle.

— Trade Brigade

Oracle earnings looked good at face value. The stock gapped up big time. Uh although it was a great fade right off the daily 50 SMA. So Oracle gap and go or maybe you know gap attempt and to go and then fail. It was probably more of a short than anything else.

— Trade Brigade

go on over to your Teslas of the world and take a look at the failure through the hammer high on today's session from what looked like a decent start to the morning to an unchanged close. Just ugly stuff on Tesla.

— Trade Brigade, at 19:06

undeniably, it's higher in here, but where's the buying opportunity unless you literally bought the hammer high the very next day... I just don't see the active setup on Tesla... there's not much to really do with it if I'm being honest.

— Trade Brigade, at 36:43

It's just kind of lower high, lower high, you know, lows, lower lows, lower lows. So, you're still in a downtrend. I'd say let's see what happens with earnings on this Tesla. It's been a little bit fickle... daily setups for it, not really the best as of right now.

— Trade Brigade

Google Cloud, are you kidding me? 63% year-over-year Q1. Oh my god. absolute knockout numbers... Sundara didn't really have to do much work over here. Just a rip to the top side as soon as the numbers came out.

— Trade Brigade

This is probably a better short in my opinion... Google is um one of the better shorts just because of the daily structure... I really don't want to be long through this rotation. I would prefer to look for the rejection there or look for the rejection here into the low.

— Trade Brigade

look at a Goldman Sachs for example. This one just comes to mind because it was probably the most brutal. But look at this on the Friday session just straight down here... the chart is not really in a constructive form at all.

— Trade Brigade

We'll see what happens with GS Goldman Sachs. I mean, this looks great, right? In a vacuum, not knowing that earnings were tomorrow morning. This would look fantastic as a possible flag here over the 20 SMA hammer. Look below and fail on these prior lows... but all it takes is ea

— Trade Brigade

Nice counter trend day on Netflix... boy oh boy, is this thing still an ugly, ugly, ugly stage four decline, right? Just well underneath the daily 200, barreling down on the 20, the 50. It's just ugly, ugly chart.

— Trade Brigade

you've got Netflix in a clear downtrend

— Trade Brigade

you start to see this as a head and shoulders topping formation where if earnings breaks the neckline, it's kind of going to be the nail in the coffin for the broad market... all they need to do is not fail... As long as Nvidia doesn't go lower, I think we're all right.

— Trade Brigade

This thing is just kind of a mess if I'm being honest. I don't love it long side. You have a lot of overhead supply here. You're under a 20, under a 50... I don't really love the idea of forcing Nvidia longs... Is it too tired? Is the easy Nvidia AI money trade over? Maybe.

— Trade Brigade

I would be a little bit more constructive on Apple if the broad market's falling. The reason I say that is that Apple has been seen as a little bit of the defensive side of technology... So, that worked out quite well and we'll see if that remains the case as and if the market fa

— Trade Brigade

JP Morgan in the financial sector looks pretty soft down here and weak. I would expect kind of a date with 200 and again the bottom end of this balance range. When we get here, there might be some sort of countertrend bounce.

— Trade Brigade

Let's go to a service now. Oops. Now, right. No good over here. So, I just I I don't think that software is the place to look.

— Trade Brigade

even Palunteer is on the losing side of the ledger.

— Trade Brigade, at 23:50