🔥 August 26, 2024 PREMARKET Updates: SOFI, PDD, BABA, PYPL, NVDA💰 What is Coming TODAY 📈

what's going on welcome back to training stocks today is August the 26th happy Monday everyone I want to give you a quick pre-market update and go over things that you need to know but first make sure guys hit that thumbs up and with that let's get right to it starting off with data points not a lot today so like I've kind of mentioned already in previous videos Monday Tuesday and Wednesday are going to be more technical driven as well as kind of external factors such as Nidia earnings so a lot of that is going to come into play right now you do see the Futures somewhat mixed so NASDAQ down slightly S&P up slightly so we'll just have to wait and see what does happen but for the most part there has been some pretty substantial dips uh time and time again ever since it did open uh late last night fear and greed index is under the neutral category most likely this week dependent on data GDP pce might push it to the greed category but regardless people's appetite for risk is increasing and so you do see more I guess unexplained pops up in stock prices uh on various different stocks nothing really uh for today that I'm going to be talking on everything kind of is Justified to some regard so uh again stay tuned Sofi is piggybacking off of the broader Market currently at 93% there is no actual news from the company itself as you can kind of see just the technicals are very much in favor of a little bit more upside with Sofi uh so definitely stay tuned for that it's uh it'll be interesting to see what shorts are going to do most likely Monday Tuesday and Wednesday they're going to return a little bit later part of the week depending on data again they might increase return we'll just have to wait and see but 17.07% of the free flow is being shorted no matter what though right now with at 759 just watch for this support to hold of 7 $46 aside from that the next strong resistance is ultimately around that uh $8 range so $7.98 so a lot of volatility but again Sofi could definitely run up with uh a lot of the market just depending on technicals the beginning part of the week so stay tuned for that moving on PDD is getting slaughtered this morning because of their earnings down 16.83% it's not heavily shorted so 3 93% of the free floats being shorted shorts clearly did not anticipate this negative data uh from the company itself because they've been returning for the last uh month for the most part so yeah they were not anticipating this whatsoever right now though with it at 114 and change it is trading between this S3 and this S2 so 110 is going to be the strong support that you'll want to watch for it to hold 118 will beat that next strong strong resistance so it's kind of level ground right now in my op opinion I do feel that there will be one final kind of substantial dip once the market does open and then it might push back towards this uh S2 but again it could kind of really push down a little bit more I looked at the key metrics uh I didn't actually listen to the conference call itself so maybe during the conference call there might be some stuff to really push it down to this S3 so do your guys' own due diligence but no matter what take note of that support and resistance points Alibaba that one was an interesting one so they kind of put out a lot of good news so they had their earnings they did announce recently that both their Chinese and American uh listings are going to be primary which is huge but you do see it selling off so with that news on Friday only cost it to go up 2.95% this morning just I guess a lot of growth concerns is starting to Surge across the board so that's why it's down slightly 3 . 61% it's not heavily shorted so 2.73% of the free floats being shorted works out to be 52.4 one million shares shorts haven't really been doing all that much with this company as you can kind of see so for the like good month and a half it's been roughly at uh 2.83 until recently that's where it's starting to return a little bit right now though with it at 82 and change is trading between this two points right here so the R1 and R2 so 8286 will be that next strong resistance SL Target which most likely given the price point it is at now it might flirt with this throughout the day flip side $80.75 will be the strong support again just kind of take note of that because there's not really going to be much moving today PayPal is piggybacking off the broader Market it has been on a very nice run so it is up 18.49% over this last one month up 4.12 over the last 5 days 21 20 over this last 6 months no actual news Associated to PayPal today so again it's kind of just piggybacking off the broader Market not heavily shorted so 2.09% of the free floats being shorted so not really much to talk on for that shorts have kind of just been waiting uh they've been actually increasing so maybe they're feeling that this recent run isn't Justified so kind of stay tuned for that but right now with it at 7191 it is trading between the two points so R2 and R3 so 6944 will be the strong support 7327 will be that next strong resistance SL Target and this is why you've seen like because of these wide gaps PayPal be very volatile so in one day it's gone from 73 down to kind of touching the high 7s in one day and that's been happening quite a lot in fact so just intiate a continuation of a lot of volatility so let me know your thoughts on that in the comments below Nidia even though they haven't really put out any news today they are kind of going up down sideways it looks like it's all over the place but a lot of money is getting in because of their upcoming earnings so some people are hesitant about that but you can kind of see some expectations so it is coming out on the 28th premarket this is where again you get some hesitation um over the last 90 days there has been 19 positive revisions done by analysts 12 negative so you have it I don't know some people are saying that nid is a bubble some people are saying that it's going to be the next big big thing uh that's going to control the market so we'll just have to wait and see you do see earnings per share 64 cents that's the estimate and 28.7 billion for revenue and both of those are roughly um looks like 41 analysts for the earnings per share and then 43 for the revenue so that's kind of what is made up for that it's not heavily shorted um so 1.22% of the free floats being shorted works out to be 287.4 7.26 billion is uh in Nvidia right now through shorts so like there's more shorting than just company's market cap in general so kind of crazy stuff if you think about it but right now with it at 129 and change it is trading between this pivot and this R1 so kind of level ground between the two so 118 will be a strong support 131 will be that next strong resistance SL Target so let me know your thoughts on these stocks do you own them is there any other stocks that you are watching today and that uh might go up down sideways let me know don't forget to hit that thumbs up and one final thing a couple days left to take advantage of this beenin extended up until the end of August simply sign up for a new account throw $100 add it they give you five free stocks each stock is valued up to $2,000 so this is a kickass deal Link in the description below and also the comment with all that said appreciate all of you watching