also within communications are internet companies that rely on advertising, like Alphabet, Google, and Meta, Facebook and Instagram. That is definitely a cyclical part of the communications industry.
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.
the patterns are they're they're interesting like cups and handles, heads and shoulders and all that sort of thing, but you have to look at it uh from a structural standpoint... the buyers are in control. Next week, if we pull back, I'd say put an anchor off of this low here and
we continue to be in this sort of choppy range where yeah, we managed to swing higher within this chop over the past two days and then today we stall in very familiar territory right near the middle of this range where we continue to look for direction and struggle to find it...
while we're below that declining 5-day moving average, I'm not I'm simply not a buyer. It doesn't matter where we are. We want to wait for it to get back above the rising flat to rising 5-day moving average, and that's going to take several days here for the spy.
I want to position for some short trades into next week either by some of the spider put flies you mentioned before or looking at selling calls and those names that are really bit up
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.
While Invesco QQQ is not our favorite index ETF, these tweaks should allow it to remain representative of its target market and trade tick for tick with its benchmark Nasdaq-100 index.
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
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.
heading into the close, it looked weak to me. You know, that's not a strong trading day today. Looked weak to me, and I thought, well, again, it looks like it'll close below its 21-day EMA. That means there might be more weakness ahead... I have extensive long QQQ positions... So
the cubes are up 2.44%... if you look at this, we're just grinding away in this range... for 5 days now, we've just been running in place... the test is this gap right here. What will happen at the gap?
the mags are breaking down. Leave them alone... Eggs continues to do exactly what it's supposed to do. It broke the lower low, rallied up, suckered people in. Now it's probably heading down towards this level.
the stock, you know, it it broke a lower low below that flat to declining 5-day moving average. So, uh you know, based on my rules, there's no reason to be long this in the intermediate term... This is good, healthy action for people who want to get in, you know, after the earnin
one big instrument within semiconductors that was um roing the seas was Micron. Um we actually had a crack of this uptrend for the first time since it began this morning but it was very brief and um not too deeply penetrated. But you know a crack is a crack. We did get below it..
all I can say is that from a charting perspective, this is what we call...a uh island reversal gap. And um you know, uh provided it stays below that price line, it's um that that's a that's a that's a pretty serious uh uh setup for for reversal. So, um I don't think I have Micron
When I look at Micron and I look at the relative strength, first of all, I look at the AD line, incredibly strong. When I get the AD line going up with price action and I get it going up with relative strength and it's in a strong group, I only think bullish thoughts when it come
I own Tesla personally... I think the trend is up... you could treat it as resistance... it took another run, surpassed it, down support, uh and then broke down through it again.
Tesla, really just kind of still showing that same pattern... Probably not the best candidate. Stick to other, you know, names that are showing strength.
Tesla found supply right where we said it looked like it would... got rejected there perfectly with a pattern of lower highs and lower lows. So, Tesla, it's you know, just I mean if it's a good day trading stock, I suppose, but really nothing else.
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.
If Micron fails tonight to impress and they can't tell us that scarcity exists and they retain their pricing power, the entire sector is going to get whacked again given the recent news flow.
Micron must validate its pricing power and scarcity in the market. If it does, semis can stabilize. If not, then we're looking at another leg lower for the entire sector.
when you put all that together, that's why we have the stock up 14%... they said tight beyond 2027... the fact that they are adding this many SCAs is an indication that the customers are seeing the demand... this is a positive for just a whole broader AI infrastructure ecosystem
memory markets have always been more commoditized than any other market and I can tell you even the Chinese are going to be ramping up the Chinese are now moving into DRAM you know nan flash they're very good at it... I struggle to see how far you can see the kind of the pricing
I would be not quite as confident of a low here yet as in Microsoft, but I would watch Palantir very carefully um for a bottom to be in... I have a a small position in Palantir with no stop on it, a very small position, and I'm intending to add to that at such time as we see a lo
the craziest one of all, if you don't say it is Palantir, okay? And you can say Palantir in some in some in some ways is benefiting from defense spend, of course it is. But Palantir was kind of a dog a couple years ago. Growth had fallen after the IPO into the teens... but boy, d
They're beating up uh Alphabet now... The average forward PE for Meta, Amazon, Google, and Microsoft is near a multi-year low... their free cash flow is disappearing because they're spending all their money on on on capex and R&D.
also within communications are internet companies that rely on advertising, like Alphabet, Google, and Meta, Facebook and Instagram. That is definitely a cyclical part of the communications industry.
Google right on the year-to-date anchor. These stocks, you know, as we've been saying for weeks have been broken names and are are getting bounces in downtrends, but they're still guilty till proven innocent.
I also discussed this in my last video where I did a full deep dive on Amazon and why I think that it is looking like one of the best buys in the market right now... Amazon has become the second largest position in my portfolio at around 10% now.
our bigger positions right now in terms of tech and some of these bigger companies would really be Amazon... you look at Amazon, it's trying to do some of that things in space... I think there could be some hidden value there... Amazon gave up about 40 45% of its value [in 2022-2
Amazon is uh you know, trying it it bounced from where we thought it might, but the bounce didn't hold because it's a bounce. It's in a downtrend below the declining 20-day moving average. And it finds supply right at that uh uh month-to-date anchor. So, this is actually looking
That is very like a large part of their IPO RPOS even 250 billion plus is coming from OpenAI a company that cannot afford to pay them... Microsoft's revenue is inflated by OpenAI. That is now fact. That's very bad. That's very bad indeed.
I think there's a good chance we've seen a stock market top in Microsoft for instance and u other stocks as well for in also like that. But you're going to see that they will bounce somewhat into that before they then will continue their bare market decline which I think they're
Microsoft is one of those trades that I didn't catch early on. So, it is one of those that looks a little bit more attractive to get on long Delta after all of the aftermath
Microsoft looks I mean it's the biggest software stock in the world... Microsoft rallied today. Some of the Mac 7 stocks caught a caught a bid today. They've been just obliterated uh in the last week or two.
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
the market is still in a primary uptrend, and um there's you know, if it breaks back below this low from Thursday after the Fed, then perhaps we see a little bit more aggressive profit taking... But for now, I'm still looking at this market as innocent till proven guilty.
although this selloff in big tech stocks that have been overspending might continue in the coming weeks or even months, ultimately we believe this will prove to be a buying opportunity for the stock market heading into the end of the year
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.
Tesla's okayish but we only have five strikes and it's in this 390 395 400 405 410 area… By the time the market opened, we were already at 395, right? We had already broken down… we kind of slid through that… We didn't quite get to that 380
I think for me, the biggest mistake with Tesla was when they opened the factory in Shanghai. Successfully, you know, earlier than schedule, under budget, I think, but they were able to sell the cars at Western prices when they had a Chinese cost of goods sold. So, they were very
I'm not suggesting this means that if SpaceX gets listed, it stock price will go down. I'm just saying that there is no magic bullet here. Getting added to the index might not have any effect on these companies.
after 15 years of all the promises of all it's still a loss total making company... It's just a cult, great electric cars, everything. But there is a problem. Yes, you can make a car. So can others and likely you taught them how to make it faster and even better and then you have
— Value Investing with Sven Carlin, Ph.D., at 0:00
I am not worried at all. I'm not paying attention to what the car is doing cuz I do trust this so much... we're going to learn pretty quickly... it will be, you know, they will be put to shame if they don't save lives by enabling autonomous mobility everywhere.
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
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
The Russell 2000 is just nuts. I don't understand this market. I'm not even attempting to to get involved in it. It these moves just are too much volatility for me. I don't see what the edge is in here to to be long.
Meta continues to be a broken stock. It found supply exactly where it was supposed to. Prior support acted as resistance along with that declining 20-day moving average. The trend is still lower in there. There's no reason to be a buyer.
stocks like Meta, they get a one-day bounce in a downtrend, declining 50-day moving average, declining 200 day moving average. Those are typically going to be sold into.
I shorted that sucker at a good price and it's down today pretty hard. It's actually below yesterday's lows. So that's gone pretty good because uh longterm these guys have been doing nothing but hammering out a series of lower highs.
There's no reason to be a buyer in Microsoft... Microsoft, you know, it it it's it's down a lot recently. It's an institutional favorite. It's probably due for a bounce, but technically, there's nothing here that says that it looks bullish. So, I I think that if you're looking fo
all of that over the span of 10 days, just completely fell apart, and look at the relative strength falling back down close to a 52-week low. So, these are the type software stocks that you want to stay away from.
Microsoft undercut the year-to-date low and got a bounce in here today. I would not be surprised at all to see it kind of settle in next week and then perhaps it continue to move up towards this level... below that though, we have the anchor off of the 2020 low that if it continu
Google, if you look at that, it's getting a bounce. It's got this pattern here still too of lower highs and lower lows. I wouldn't buy a higher high above here because it's not about buying higher highs. It's about buying lowrisk higher highs.
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
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.
Notice the PPO went negative, test the center line, and is now rolling back over. That's another technical negative in my opinion. the RSI on Google. Normally when you're trending higher, most of the time you tend to hold RSI 4050 in that range. Uh we lost it back in late March a
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.
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.
Biggest mover of the morning, up 11 to 13%, 12% is A. It's not A+. And you size it at 30%, not 80%... the unnamed source issue isn't just academic. Intel went up to close 11.2%. The trade worked, but the trader who sized Intel at 80% of their daily stock based on an unverified ne
Intel, Intel's absolutely just exploded. Intel's never seen anything like this. three-month rate of change, six-month rate of change, and one-year rate of change off the charts. Relative strength just started to turn back up again. I mean, Intel may have a lot more room to go.
Mercado Libre just ticking up a little bit. It will depend on the growth going forward as we discussed in the analysis for now. Looks good bottoming out. So another interesting situation to follow.
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