Evidence

I would say that that's a very optimistic take for the market and I'm not convinced that it's going to be smooth sailing. I would keep a very open mind to the idea of okay, we fail back down into the range, we just kind of chop around in here and everybody goes home for the

— Trade Brigade

Roblox daily hammer here. Higher low 54. I like the look. Uh, if this could take out a prior day high, great... it's had some relative strength to the market. I mean just notably it's got a higher high here versus the 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 like Amazon as much. It's inside this choppy range... I need to see it over about 247. really nasty rejection on Tuesday as it tried to get above that level.

— 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

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

— Trade Brigade

noisy chart needs more time... I don't think there's really anything to do there until we try this... it just needs more time and we'll have our answer in a week

— Trade Brigade

Green-bodied hammer... Buyers certainly stepped up off the lows of the weekly range, bought price, and sent it back up to the open through the open range expansion, closed at the highs of the weekly range. Very good show of strength from those buyers on small caps... price on sma

— 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

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

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

They signed 16 strategic customer agreements spanning three or more years, telling the market exactly what it wanted to hear, that the memory trade is no longer cyclical and the dollars will indeed keep flowing.

— Trade Brigade, at 0:00

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

similar but more bullish, right?... pure play Nasdaq 100 tech, green bodied hammer... buyers clearly responded to the selling pressure from earlier on in the week... this is just like bull flag consolidation on a weekly time scale... I'm a bit more optimistic, and again, rightful

— Trade Brigade, at 11:16

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

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

— Trade Brigade, at 30:56

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

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

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

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

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

Microsoft loser, right?

— Trade Brigade

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

— Trade Brigade, at 0:00

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

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

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

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

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

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

the market is certainly bullish enough where the base case should be seeking continuation of the daily trend

— Trade Brigade

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

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

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

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

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

am I really concerned about the S&P 500 going sideways at all-time highs? No, not really.

— Trade Brigade, at 0:00

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

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

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

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

Generally, I do not see any problems here with the weekly chart.

— Trade Brigade, at 2:37

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

look at your Goldman Sachs of the world breaking back out through this high

— Trade Brigade

Look at your Morgan Stanley of the world breaking back out through this high. So from a failed breakout to then trying it again. Pretty impressed there.

— Trade Brigade

we could look at a GS, a Goldman Sachs looking like it might be ready for an inside day breakout on Monday

— Trade Brigade

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

buyers are clearly in control and if we pull back there are plenty of reference points for higher lows to keep the trends intact on the monthly chart, the weekly chart

— Trade Brigade

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

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

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

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

— 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

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

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

— 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

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

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

Nice breakout of this balance range uh over the 50 SMA and just, you know, straight up continuation for a range double. So, that has sort of come and gone as a setup. I would start looking for pullbacks to stage higher lows above that or just slow continuation above. Remember, Ap

— 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

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

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

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

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

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

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

— Trade Brigade

We actually talked about XOM intraday with the group if anyone wanted that. We sort of had the nearly perfect entry off of the 50 SMA. And honestly, you could probably get a second crack at them tomorrow over hammer highs.

— 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

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

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

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

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

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

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

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

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

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

Something like your XOM honestly doesn't look half bad, retaking the daily 20 SMA.

— 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

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

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

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

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

— Trade Brigade

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

— 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

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

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

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

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 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

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

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

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 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

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

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

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

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

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

Recovering the daily 200 SMA. I mean, that's a huge reversal on Costco breaking through this trend line. off to the races over the 200, right? So, pretty impressive stuff for those consumer staples.

— 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

Walmart, right? Looks pretty darn good in this high end elevated consolidation over here.

— 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

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

Look at Costco here ripping now on the recapture of the daily 200 SMA.

— 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

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

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

— 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

you've got Meta breaking down

— Trade Brigade

you've got Netflix in a clear downtrend

— 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

I think that the spy daily bar is really really compelling. I love the lower wick. I love the location of that lower wick... And I think given all of the situations we just talked about in the intro, all of the just madness that's going on in the market, it's pretty compelling to

— 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

the bottom line on the weekly chart is that it's a bullish breakout, right? And we're looking for continuation and we would really not like to see a failed breakout.

— 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

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