Trade Brigade

terrible chart... it's trading like absolute garbage in here

— Trade Brigade

the trend is now down. You have highs, you have lower highs. That's undisputable... There was no attempt into the gap. You got the best news that you could have asked for and the market's basically telling you that's great. We already priced it in... There are more sellers than b

— Trade Brigade

This was a very ugly situation for the S&P 500... We not only have a daily lower high in place, but we're using previous support, major support, which is kind of saving the market there as newfound resistance. This was problematic headed into today's session.

— Trade Brigade, at 2:56

You can thank Microsoft. You can thank Nvidia. Both really heavy today. Uh, horrible, horrible stuff.

— Trade Brigade, at 29:33

I would look to Meta. Um, and I would look to Google and say, are you guys ready to go for one last flush? Give me the hurrah. And then maybe we go counter trend. Maybe there's a week or two up and then it's, you know, lower high threat here.

— Trade Brigade, at 32:27

Thanks, Palanteer. Really, Palanteer is the worst offender. It's no longer on the core list of companies.

— Trade Brigade, at 29:33

The structural trends are bad across Microsoft, Palantir, and you could say Oracle, right?

— Trade Brigade, at 30:56

The structural trends are bad across Microsoft, Palantir, and you could say Oracle, right? On those givebacks

— Trade Brigade, at 30:56

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

— Trade Brigade, at 27:00

Meta is a dog. Netflix is a dog.

— Trade Brigade, at 27:00

Workday loser.

— Trade Brigade

Service Now, loser.

— Trade Brigade

even Palunteer is on the losing side of the ledger.

— Trade Brigade, at 23:50

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

— Trade Brigade, at 27:00

Meta is a dog. Netflix is a dog.

— Trade Brigade, at 27:00

Microsoft loser, right?

— Trade Brigade

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

— Trade Brigade, at 0:00

look no further than a Netflix which has just been absolutely destroyed over here.

— Trade Brigade, at 22:05

Meta which they did dirty on the Monday session. I mean just horrible. Speaking of failed breakouts, here you go. Look at that daily hammer on Friday. Oh, we're all ready to go over the hammer high on Monday. Just shattered expectations with that big sell.

— Trade Brigade, at 22:05

Here comes Broadcom. Earnings in the after hours has us at about 413... clearly not holding the top of the flag... you're going to be opening near the flag lows. That's a that's Hey, title of today's video, failed breakout. How about it on AVGO?

— Trade Brigade, at 36:16

let's go to a service now. Still just rejecting underneath the daily 200 SMA.

— Trade Brigade

ADBE for Adobe. Another one failed breakout over here.

— 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

CRM is not it. Speaking of failed breakouts, there you go. CRM, no good.

— Trade Brigade, at 19:06

Failed breakout. Failed breakout. Failed breakout. Failing at the all-time high... from a really constructive look on Tuesday to just saying no thanks on Wednesday. What does it mean? Like is this going to be a lower high? Maybe I would just wait for this one here underneath this

— Trade Brigade, at 33:28

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

really rough day setting that lower high in here and rotating back down into the equal lows... a little bit more skeptical of financials because of this move. Any consolidation down here is bearish in my view and you're just kind of asking for a break of these lows 29750s to unlo

— Trade Brigade, at 36:43

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've been a little bit of vocal bear about some of the software stuff that's still living below the daily 200, just not really catching much of a bid.

— Trade Brigade, at 25:18

Nvidia, your top dog, down about 2 and a half% on that Friday session post earnings. It just can't really seem to get itself in gear.

— Trade Brigade, at 13:38

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

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

the new kids on the block going to be Mastercard uh down here underneath the 50, underneath the 20 and Visa, right? Same thing underneath the 50, right at the 20 and generally in a bit of a sharper downtrend here.

— Trade Brigade

This doesn't look so hot, right? And suddenly you're in a downtrend here. You're hanging out near the lows. Eh, leaves a little bit to be desired.

— Trade Brigade

You could even go on over like an app a over here. This thing got crushed. Uh just pretty tough pretty tough look there on the software side.

— 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

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

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

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

As of right now, the trend is still down. To me, this is a counter trend rally in the context of a developed downtrend. Still, we're underneath all key moving averages.

— 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

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

the weekly trend is clearly down... We are officially in a weekly downtrend... bears are in control structurally... anybody who's still in denial about that and saying, 'Oh no, the market's just going sideways still.' Like, 'All right, wake up. It's been about 2-3 weeks now where

— Trade Brigade

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

the trend remains in the downward direction with highs, lower highs, lower highs, lower highs, lower highs... the continued and sustained rejection underneath the 200 to me is another indication that hey, I'm thinking we're more so not done here.

— Trade Brigade

the weekly trend is down with room for a counter trend lower high to be set... even though there are some upward pointing paths here, all of them resolve as lower highs as of right now until proven otherwise

— 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

structure this week is like shouting from the rooftops, hey, this is bearish, right? Very, very bearish close there on that Friday session.

— Trade Brigade

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

— 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

Same thing with Workday WDAY. I would stay far away from this.

— Trade Brigade

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

talk about bearish structure and talk about bearish location. This week achieves both of those objectives for the sellers... it seems like a weekly trend reversal in the downward direction.

— Trade Brigade

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

— 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

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

I would avoid UNH and I would look at something like BMY, J&J, uh Eli Liy, you know, tea, those types of things.

— 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

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

sellers have the edge structurally... we finally closed underneath that... things just don't look healthy

— 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

You could look no further than a JPM as we know. Also failing its breakout level in here. Just really unwinding this back in the downward direction. These are tough looking charts for financials.

— Trade Brigade

Schwab really got hurt on that one

— 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

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

Robinhood to me, absolute downtrend. Still leaning bearish on it.

— 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

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

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

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

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

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

Spotify mirroring Netflix as well. Pretty rough there on communications.

— Trade Brigade

you've got Meta breaking down

— Trade Brigade

you've got Netflix in a clear downtrend

— Trade Brigade

Look no further than a CVX, right? Huge give back after uh the only time to really get long was Thursday and Friday into last week. And you know, ever since the gap up, it's been lower. So steer clear of these energy names.

— Trade Brigade

maximum flexibility is really the name of the game... unless you actually get the break over the range high or underneath the range low, it doesn't make sense to have a directional bias here

— Trade Brigade

this is a balance range... I am not going to overallocate here on the long side or just directionally try to lean into that uh literal direction in a more aggressive way... riskreward starts skewing to the downside rather than the upside

— 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

Really impressed with the close here... I could certainly see it as a weekly higher low attempt inside this range. I still don't think that we're out of the woods. We lost the 50. That's not a good look.

— Trade Brigade

I don't want to be a bear on memory just for the sake of being a bear. I I just follow trend, right? And following trend here tells me a lower high there keeps the trend down... the structure still to me makes more sense for a lower high threat.

— Trade Brigade

I would not be a new money buyer on Google tomorrow... I think this is a pullback and it needs to firm up and then reclaim again... Nice reclaim at the bottom end of the range here. If this can set up a higher low and go, maybe we have something to trade

— 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

Go look at Oracle, right? Another one that just obliterated after this earnings killed it. Lower high. Nice knowing. Yeah, Oracle might be a snapback off the gap close.

— Trade Brigade, at 32:27

I would be pretty neutral here on the bar-to-bar count... this just looks like consolidation in a bull flag range that's being developed... our trend is starting to get a little bit weaker here. It's bordering on neutral. The buyers need to hold 744 and in a picture-perfect world

— Trade Brigade, at 0:00

722 very important spot in here. Daily 20 SMA, the daily 8 EMA is in there as well. So, that's the take. 722 is the key level. Ideally, this red to green back up here, constructive all-time highs. If that fails, deeper pullback neckline's the key level, 70925.

— Trade Brigade, at 11:36

Right now, am I going to be absolutely a bear? Probably not. If we're holding on to the low from today's session... But is this a lower low on the hourly trend count?... The daily trend is potentially down unless you believe this is going to save the day as a higher low.

— Trade Brigade, at 2:52

it seems to me that there's the potential to start looking for a low here rather than more downside. There's just one problem. The daily trend, well, it's officially flipped to down.

— Trade Brigade, at 0:00

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

in the short term, yeah, absolutely bearish action on the weekly bar count. However, if we just pause and take a 90,000 ft view, has this really done anything to change the weekly trend? And of course, the answer is no.

— Trade Brigade, at 0:00

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

I like what I'm seeing on the SPY daily time frame... pullbacks are healthy in an uptrend... The base case, just to be very clear, something that looks like this. Daily higher low using previous resistance, newfound support over a rising 20 SMA... Hourly trend flips back to up...

— Trade Brigade, at 0:00

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

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

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

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 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 am also a little bit of the belief that Nvidia has been priced to perfection. I don't want to argue with uh price action too too much, but um you know, for me, it's got to be a higher low on Nvidia. I can't really chase a breakout here from wall to wall up at the highs. I think

— 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

I'm changing my tone to a little bit more confident on the long side or at least neutralizing the tone at bare minimum. But does that just mean blindly buying this at the highest high? Probably not, right?

— 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

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 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

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

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

We're just in the midpoint of the range. And I think it's just immediately back to this MF uh mentality... maximum flexibility in the midpoint of the range is right back to being the name of the game.

— Trade Brigade

it's still just a balanced range. And for that reason, we know that as and if we approach the top end of the balance, we will be looking for sales. And as and if we look to the bottom end of the balance, and if price trades there, we'll be looking for potential buys.

— Trade Brigade, at 1:00

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

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

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

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

I would not be overly biased in this market inside of this range... first take neutral to cautious, maybe a bit more optimistic here, simply noting that the sellers could not get the job done at the lows of the Thursday session.

— Trade Brigade

the weekly chart is still absolutely bullish. And if we just check in on our high volume node... I would say it's also fairly bullish... although the chart looks bullish on SPY, you know, I just I I might be a little timid intraday to take breakout trades unless XLF is on some so

— 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

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

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