NVIDIA & Eli Lilly: The Future of AI & Medicine 😱 | August 27 MORNING Live Trading

Market Updates and Leadership Changes at Apple e [Music] good morning everyone welcome to Trader TV live Futures looking a little red to start off this Tuesday the NQ down .13 likewise with the ES and the uh the Russell as well as the Dow all starting in negative territory some headlines coming out overnight looks like there's going to be some new changes in the leadership positions at Apple specifically at the Chief Financial Officer position the uh incumbent leaving and a new individual coming in Bitcoin also selling off a little bit overnight dropping below that $63,000 Mark and it looks like there was some Insider selling at Cava after having a great earnings report good morning Adera lots of interesting things to talk about this morning good morning Shar yeah I think it should be a pretty exciting day for sure in terms of a lot of these catalysts we also have some news in the weight loss drug space with regards to Eli Lily introducing a single dose option available on their website we also have some economic data coming out later this morning at 9:00 a.m. we'll get some of these home price and house price index numbers that at 10: we'll be getting CB consumer confidence and some richond fed data and we also have obviously the Big Kahuna tomorrow Nvidia reporting after the Bell lots of anticipation guys with waiting for that earnings release though what what what earnings release what Nvidia look obviously it's going to be a big deal but I mean this stock it's an 5 m pre-market volume already today um it was obviously not a great day for a lot of the chip names I I want to say all the chip names but like I can't pretend that I looked at every single chip name but every chip name that we would look at it was a bad day yesterday let's just say it was an awful day for pin duo duo although some of these are trying to bounce after JD announced a buyback but everything's going to start always kind of looking at what is NVIDIA doing are we weak here because if we're weak here we're probably going to be weak in all the big cap Tech names that we're concerned about today going into it if everyone's waiting around for the Nvidia earnings to tell us where to go then I find it hard to believe that there's not going to be some direction in like generally in the NASDAQ led by the biggest and the baddest Nvidia I think obviously the fail at 131 I don't know if that can come into play today and we said in the afternoon that 127 a half area was a key level to me it's like a short to pop in front of it and if it breaks it out be willing to join you know Longs that kind of a story we want to be ready for just about any eventuality I want to have ideas um for some continuation shorts cuz that was what it was yesterday but I don't want to ignore things that have a chance to break out I mean bucks is still threatening that 96 we talked about that in the afternoon show yesterday hasn't broken but it certainly has a chance and it turns out Cava actually can go down Believe It or Not uh so Cava some Insider selling there down 9% yeah wow which when the stock is up almost 200% on the year is a drop in the bucket still this is one that we haven't been used to seeing go to the downside very often here Sean so uh there are believe it or not with the market get flat there are some things moving around uh Cava chiefly among them yeah I also wanted to uh I mean obviously we'll be talking a lot about Nvidia and whatnot I'm thinking two 210 here on app on Tesla could be something pretty good I was thinking when Neil said the biggest and the baddest you know we're going to get some movements off these chip names for sure the biggest name though market cap wise obviously Still Remains apple and I've been looking at Apple and it's not doing anything really over the last couple days so this is a name here that were primed to do something and I almost think it wants to get to the low side here breaking this 223 area could be really really exciting for Apple uh highend there 227 228 that should be getting you know a look as well I'm just thinking more short than anything so Apple kind of consolidating right now that's a much different look than a stock like meta where we are down now23 or $24 off that high that we just made and it looks like it was sort of consolidating but now you see you get that break yesterday we had that 523 break and it worked to the downside now today we open up underneath that so it's just like some of these names are starting to hit some tops and maybe come back in a little bit and I think this is normal I mean if if and when Nvidia puts up a big number I think they still will I think it's going to be a great quarter a lot of these names have a lot more room to run back to the upside now so that's the other thing it doesn't have to be like a monster number to get the the fields back into this so I think we could see like Microsoft 440 450 something like that in the next couple days you know so there's some possibility here for a little bit of a rebound and then some of the Chinese names are interesting as well just getting the sticky note out right now here's a little tip to you or to everybody I don't have one long written down on the sticky note today so uh we'll get that out and we'll show it to you very very soon it's 8:35 I know there's a bunch of stories these guys Shorting Opportunities and Insider Selling want to get to yep all right marijuana cannabis in Focus today uh the ETFs already making big moves in the pre-market here you have the likes of msos the regular ETF down about 12% aera but the msox the double lever or triple levered ETF down here 25% what's the headline it's a bit of an interesting one here because this actually has not been published yet but there's some circulation of this notice here on the Federal Register you can find the notice on the Federal Register website here from the DEA though they're not publishing it till Thursday August 29th but they're basically they SCH this hearing for the resched scheduling here of cannabis from schedule 1 to schedule 3 scheduled it for December 2nd so basically we're not going to get an answer on this until after the US election that seems to be the biggest thing here from what I've read so this hearing again we've not had the official notice published yet but looks like as of we'll get confirmation here as of August 29th so definitely keep an eye for these stocks on that day as well on Thursday but looking to have that we scheduling hearing a little bit later than expected these are aggressive moves for the pre-market guys let's a look yeah you know it's what I feel like there's going to be a lot of these again like after yesterday with meta and the Ye Old flat bottom break it's going to be easy whenever that whenever something like that happens how about we start with uh and I'm going to leave it on this so we'll start with here uh when you have something like meta which sets up like up up up up up and then you make a consolidation top and then it broke the bottom like that you're going to have a lot of stocks that are setting up that way um I knowe this morning one of the first things we noticed was Tesla has the same thing at 210 Ms so you're going to start seeing things in the wild when they work but this is a bit different in terms of msos because all these other ones were Rally from Black Monday make a consolidation top break it and then go to the downside where msos is has been failing tops like they're going out of style easy to see fail breakout at 11 lower high double top fails a 200 period moving average at $8 several times bounces off six and now it's $6 levels coming into play here for msos there's actually not a lot of pre-market volume on this despite the fact that it's down 12% and having a news story behind it like as I've pulled it up there hasn't even been a print the last print was 20 shares and before that one minute ago there was a dark pool print so there actually isn't really anything going on here so that's the other thing you need something to be moving around to give you something but that's $6 I mean it's like $6 room to 485 in here but still not much printing going on in msos I think you probably if you're trading these you might want to find if one of the uh individual names is doing any movement but then not really cgc only about 50,000 shares of volume not a terribly different look here it's on the precipice of breaking down under its 200 period moving average in 570 so you're going to see a lot of charts that look like this in the Cannabis space lower highs into a flat bottom yeah this loses the 200 period moving average that doesn't look good either uh for cgc post split obviously I mean this is a penny stock without the split as we all know um I mean I don't have too much to say about some of these cannabis names I mean we always look at a name like till Ray um that's you know fell off this $2 level here it hasn't really been able to get going and again consolid dating and then breaking lower yesterday it kind of just ticked a little bit there we looked at a stock like nio and said hey you got to trade these ones with a little bit of a different strategy right and you just kind of play the momentum and just let it keep ticking down ticking down and you try to use as many shares as maybe your account can hold and just have a stop and if you're right on the on the direction and the trend then um you should be able to capture something so it's a little bit boring obviously to trade it uh for the show I think so maybe the ETF is a little bit of a better place but again there it is right there 16 I mean you're still ways away from this level but it's 160 seems to have been a spot that it's really really like to defend so if till R can get into 160 then I think it might be something that you want to buy at some point but right now you're trying to break below the 50 period moving average looks like we may stop a little bit around 175 so I like till Ray for a short right now into 175 and again it's going to be five or six pennies maybe you take three if you're lucky uh but right now till yeah 300,000 shares I I'd say yesterday we kind of saw it drip down four five pennies I feel like the same thing today into 175 so yeah kind of kind of think that that would be a trade if if that's something that you're looking for and then just because we zoomed it out right there this goes all the way back um to last November and then if you go back into here July summer of last year is where we wind up holding this 160 area as well so you know that could be a decent bottom there if you wanted a bottom pick I would not though these things are a nightmare that again here for trip.com up 9 and 2/3 already in the pre-market uh look they were reported better than expected EPS Revenue surged accommodation uh Revenue here Adera up 20% uh Transportation package tour they all beat they beat in all categories here actually interesting here because they did miss here for sales slight Miss 1.76 billion dollar versus estimates here of 1.79 billion so very very small Miss but yeah as strafe said there they did beat for adjusted earnings per American depository sh this is a Chinese company uh they also noted that apparently their outbound hotel and air reservation recovered to 100% of the pre-co levels so nice co recovery being noted here for TC big gap up guys what's a Positive Earnings Report for Trip.com look yeah look another light volume name like I'm looking across the board at what's printing what's not when we call them up here and this falls into the latter category of possibly what's not there aren't any obvious when you break like this like there's some obvious levels like that 200 period moving average is obvious like you can see resistance resistance resistance so into 44 that would be a spot uh for a trip and then right in here that's 48 it's trading at 46 so there's a term we use it's like diddling in the middle well Trip's up 10% it's diddling in the middle on light volume so 44 looks interesting 48 breaking out there looks interesting and while on light volume don't really see much of anything that I would necessarily want to dig into I feel like if if you're looking at the Chinese names today I mean JD had a buyback Alibaba had the big move off of I mean pindu o Duo whatever you want to call it Disaster Response I suppose to earnings so Alibaba this one failed a consolidative top high or like a trend high in there I like the short yesterday at 84 obviously it never traded into 84 but the resistance on the trend is still very much in play for Baba and this has been going back back there you go going back farther enough so about 84 would be like a pop and fade idea 84 and 85 in Alibaba if it starts breaking that Trend it needs to be in the high 80s and once that happens I think this can uh really get going it is starting to Trend upside but as long as it's failing the top end of that line I want to look for shorts near those highs on something like an Alibaba and then PDD well it's going to be SSR again but there was that boatload of a seller at $100 in the afternoon uh yesterday eventually broke in the aftermarket lo and behold when that seller is not there in the live market it goes to 100 it's back underneath the $100 level unless this holds a holds a low and breaks out the local highs in here which is about 102 we want to be very very patient for this it's Day 2 SSR so either want it off the lows or not at all so I think uh they still want to cover China stocks up there um but the trip do uh stock that we were talking about look they missed so on our report here it's it's not it's not like when I saw this up 8% I was like oh you know stronger consumer but the sales was only 1.76 billion um which was underneath 1.79 so they actually miss on their sales but they're want up making more money they're making a dollar instead of 74 so it looks like they're getting more efficient which is real nice and they're getting paid off for that so I wouldn't buy this name thinking that the consumer is strong maybe just because the company seems to be operating at a much higher level which is what you really like to see obviously so that's a nice move up I would fade this today I mean up 10% to me on lower sales I don't I'm not sure what the guide was so I should should watch out there but you know to me little overcooked here trip.com I I'd say take the profits I mean it was setting up nicely uh there for that break and you get to the 50 period so you want to hold it the 50 period is 45 40 4540 or so so I guess you can give this name about a buck or so to the downside if not maybe you get an explosion up I don't know if there's did you look at the short float um I didn't actually all right let me see what the short float is here uh tcom right now is only 157 so we're not getting a big short float right here at all so 1.57% so they're not going to be scared of this I don't think but it is a nice move to the upside just a little less volume on trip.com all right another Saga in the Paramount deal here we'll talk a little bit about this so looks as if this individual by the name of Edgar bronfman withdrew his bid from the process citing challenges securing the necessary Equity financing packages um there is a go shop deal here D explain this to us yeah this is a pretty short lived little Saga here with Edgar bronfman around mid August he had a $4.3 billion bid for Paramount then upped it to six billion dollar as recently as yesterday there reports of what he was trying to do with this deal and now all of a sudden we have the end of the go shop period on Monday that basically means that as far as I can tell the the period within they're able to kind of look at other companies before confirming that Sky Dan media merger that has ended and that's part of their transaction agreement with Sky Dan so this is just the ghop period was agreed upon by the companies we do have the the leader here the chair of the special board saying that they still feel good about this uh deal here with Sky Dan so it looks like that could potentially go ahead but as you said this auga never seems to end it doesn't four and 2/3 are already negative here in the pre-market place so just just to for clarification CU you can look at perah a or perah um the actual sky dance offer is priced at 23 and per a so if you if you're looking at this one it's like 23 essentially is what that deal is and there was a competing offer at least before uh now there isn't so if it was trading at 24 before it no longer is because that potentially better bid is no longer going to be there as as far as trading it you you always just look for things like this to settle down into a comfortable range until like whatever the actual deal is starts to firm up and then there then you have the ability to trade it um ins said tight range there's plenty of examples this perah has never been one of those uh yet it just it hasn't happened so even somebody that's looking to you know like spread trade take those small moves it just hasn't been there for per maybe this is going to start now but why speculate like if you want to if you want to trade these kinds of things I can show you three or four symbols that you can trade within a range that you don't have to worry about the deal conditions or whatever news hitting it every 5 minutes like like Pera does it does seem like it has a little bit of a floor on it so you know when you when you're down around the lows people seem to think that there's a good support level because you do have the sky Dan media bid but that's been around 10 bucks you know we at $10.80 so I'd like to see where this one decides to settle down and it might become tradeable for that style specific style of trading yeah I mean just uh normal Pera here that's that that you know we'll do a little bit of volume and you'll be able to look at it I mean it just has a bottom of 10 bucks I mean it's not that exciting to me uh you're starting to break a little bit lower here without understanding too much about this story it's it's coming into 10 bucks looking at technically I wouldn't try to catch this I mean all these you know lower high lower high lower high lower high again you know the trend is just right to the downside right here well under the 200 period well under the well not now under the 50 period moving average but yeah we can just you know you can just I mean this is just going to be sloppy but you can see they're going right down in uh to all these tops I feel like there's no reason to buy this name so you know those of you that are already in it probably know the details like Neil said that pair of a stock so I I would just watch out for it I think it it's going to close they said early 2025 so you know I don't know exactly anything um what to do other than stay short I mean until you break something like this 11:50 maybe back up there to the upside but then it's going to be news based so I think you just sort of hold on and wait for a halt like if you're going to be day trading this name I think you wait for news and and halts and things like that to get excited so right now although it's 600,000 shares I'm not overly excited all right Apple announcing their event on September 9th widely expected to get be when they announced the new iPhone 16 as well as some of the Apple watch the new model watches uh included in the iPhone 16 upgrade are supposed to be larger screens a new camera bump if you're into that kind of thing a new color options also they'll announce the uh release date of the iOS 18 expected to have apple intelligence yeah the Apple Event and New CFO Announcement Apple intelligence think is definitely going to be huge we saw what happened with the stock the day after the WWDC keynote on June 10th we had that massive run up the push past 200 new high so this could definitely be key for Apple lots of andless notes Here in apple but none of them really changing anything we have lots of maintaining and reiterating ratings here for uh names like Morgan sandley here maintaining overweight Piper Sandler maintaining neutral BV Securities maintaining buy so some analyst ratings but no changes here right now all right guys we'll talk about the the new CFO on the rundown but for now what's a look you know Apple's been a pretty solid range bound stock and in terms of it's the last three sessions it's given you both the same well mostly the same top and mostly the same bottom and we call this it's like accumulation up here on Apple it didn't quite make it to its Highs but if you look at the lower high after it you know it tested the fresh highs back in July or mid July I should say and then you had this lower high in here where we Consolidated for a bit that top 228 has been this top so while the stock while it's been a strong stock since that recovery off the 200 level it's very clean and it's hard to see but when you you look at these Wicks what you'll notice is before you make those Wicks up to 228 you got a 227 like 15 to 30 top and then when you lose that top you kind of fail it underneath so fail breakout at the open lose it underneath resistance around the 227 change fail it at the open breaking 228 resistance at 227 when you had the big turn here it didn't even bother resisting it just came back and stopped at 227 then yesterday it never never even broke the 228 and again failing under 227 and stopping right up here at 227 change and all that time you've got this little double bottom or maybe even almost a triple bottom at 224 support 223 so you know those are a couple of levels if we're going to have an inside kind of day which I have some expectations that's possible I like those levels to just wait for dip buys but I'm thinking pop fade I mean if we if we break out that top and obviously when we sat down and we were a little closer to uh 227 than we are now cuz now we're under 2 26 I was just thinking if it does it again and we break out that top do not make fresh highs do not continue to Trend up just look for the short when it gets back underneath that 227 level it's been clear as day resistance and support uh for multiple days now on Apple I think you just wait for it to get to resistance to short it be very be patient enough for it to get down to those support levels of which there are two uh for any long so I'm expecting range bound here today on Apple look for right now the market is starting to get in the down side I mean we've already posted we talked about it we said this our stick you knowe was out 10 minutes ago what up Randy 10 minutes ago right here on the screen you could see we put this at whoops uh we can't see it now but our sticky note I'll have to get that up in a minute um it was here I'll just get in I was I was going back to Twitter there I was like typing in Twitter um we we had shorts written down and that was 10 minutes ago Tesla's down right now uh a full dollar right there envid is down also a dollar this is just in the last 10 minutes uh as we continue to get low low low low low so here it is right here um and these are some of the names that we are looking at today as well so um Nvidia short off weakness let the sell off continue I mean it's exactly what we're writing down 210 break on Teslas right there Alibaba for a short is there as well palen's there for a short at 31 Micron is back in for a short so we just wrote down all shorts watch out for 67 for a short on the tqq as well so I mean it's yeah it's just protect your short day uh there it is you got the Jorts on you're matching oh my God you're matching share you guys are the Jorts Kings uh today uh Jorts brother well we we'll think of something for that yeah you and we should take some pictures post it up um all right yeah so Nvidia downside Tesla downside Micron downside everything's starting to bleed just a little bit let's check out the other name that we were thinking about as well pal Ander coming into 30 bucks actually that one's bouncing a little bit now which is nice so that might be something else um and then the one that we hit yesterday that was a big big winner for us was the tqq and we're looking at a 67 break uh as well on this one as we wrote down so we'll go over some of these levels but look at this man just 10 minutes ago we were talking about shorts should have put it on that was 6820s or so so a nice move down it's about 40 handles down there to 195 oh man this is going to be another one of those uh violent days I feel like to be honest with you we'll go over to the desk now or actually over to the screen with Adera upgrade side here with Cliffs getting upgraded here by Seaport research Partners up about 2 and a half% lockrock getting an upgrade from Barclays we have gitlab which report earnings next week getting an upgrade from Robert W be and we also have KKR being upgraded here by Red Bird Atlantic Hershey's leading the downgrade side today City Group downgrading this one this getting a down almost 2% right now in the pre-market off of this we also have North rope gum Grumman getting a downgrade from almic Global advisory cinemar being downgraded by B Riley Securities and last but not least Crispy Cream DN T getting this downgrade here by evercore isi had to pick one of those I mean gitlab hasn't reported yet like none of those are names that are have made the list of stocks I'm looking at today but if you had to pick one going into the report gitlab at least is at an interesting level so if you're inclined let's say your catalyst is I only trade things that have upgrades and downgrades for whatever reason if they so inclined yeah sep member 3rd so you're going to get them next week they're doing a little consolidation but the way that the way that it's respected some of the moving averages in here like it's pretty clean like it's trying to break the 50 period moving average shorts under Long's over kind of deal but again I look at the volume there are wow there's a lot of prints for two and three shares on the book here but it's like 1,000 shares have gone off on gitlab and if you look at the way that it trades like you look intraday it has really not been moving so this could just be consolidating for post earnings break this seems like it's going to be an interesting name ideally what I would love to see happen is it just doesn't do anything stays exactly inside of this range until earning so that it can break away from it but uh yeah not a lot of not a lot going on here on that upgrades and downgrades list uh get lab if you had to pick one that's at least one worth watching going into those earnings it has a nice consolidation if it were to break uh up or down would look spicy tend to think Upgrades and Downgrades when you're trending down and at the major moving average usually look for a continuation of the trend at said major moving average in which case that would be a short in front of the 50 all right I just I forgot to add palente here um to the sticky note so we just did that right there um all right so yeah just talking about some of those upgrades and downgrades I mean there's not too many interesting names on there for me uh today we're going to still stay in the tech space again with some of those names Nvidia Tesla Baba Micron paler so normally we only trade the names that are on our know but we're looking everywhere today um including weakness in China could also signal weakness for names like Starbucks and Nike but we didn't get that hit yesterday so they're still on the upside so this could be something here to watch out for like why did Starbucks not fall off of this 96 level um right here like it's right back to those highs I thought we were coming in we talked about 92 92 held Wicked awesome I might get out of this name I might get out of this name um just because I I I don't really understand it but that's sometimes when you don't understand something it's fine uh you don't need to understand everything and Nike the same thing I I thought we'd get that bump off persing Square there Bill Amman and then start to come back in as well so yeah a little bit there's no volume here at all so don't um although it says 2.7 million that's not right unless there was there a monster print I don't even see any prints Happening Here on Nike uh so I think our volume is probably off uh but that's probably its average volume or yesterday's volume uh but anyways $84 85 there for Nike feel like this could be a top as well so I was just talking about a couple names there that I thought would have been affected more by possible China weakness we saw pinu Duo yesterday come out and warn a little bit there so down 30% that's huge uh so right now we do have to watch out for uh yeah we need to work on the rendering there 9697 for a top maybe in Starbucks all right let's talk about Tesla here because they have a bit of a minor headline so it looks as if Louisiana had enacted a law uh that prevented Direct Car Sales to Consumers you had to go through the dealership process there Tesla challenged that on multiple grounds one of them constitutional grounds as well as due process and they lost at first instance in initial court but they won an appeal on some grounds so it's going back to first instance what do we know about it yeah so so key note here being some grounds this a 2 to1 decision made by the court so not unanimous 2 to1 we also did have uh the upholding here of the dismissal of equal protections claims from Tesla so those were still dismissed however they did vacate here the Miss of Tesla's antitrust claim so Tesla now apparently having an antitrust claim against the state with regards to uh this direct sales ban also reversing the company's due process claims so a couple things here to note with regards to TSLA with with that in mind here just one coure case coming here out of Louisiana court all right it's almost 9 o' guys let's have a look at the Futures we're already moving down here as Sean alluded to the es already down more than a quarter point looks as if you know we've been defending that 5600 Point l for some time there is a good amount of support there going back to the end of July to the high side here if we somehow regain uh this footing and move back above the the previous uh previous low over here we're looking at resistance at 56 and a third guys all right make sure to get the watch list every day no good morning routine is complete without a good watch list I use it and the big boy use it every day and Adera prepares it helps me know exactly what's moving on the day and um what to prepare for so make sure you are getting that watch list uh as well so let's start off with the first here Apple the first name on The Rundown we already mentioned that the Apple event will be coming in early September but there was more headlines overnight and new CFOs looks like Luca Mastery out and Kavon pesh in there yes so this is going to be effective as of January 1st 2025 and also we'll still actually have here uh Luca maer as part part of the executive team here he'll be continuing to lead teams focusing on it security and real estate development also apparently here uh Kon perk's promotion was already part of a plan succession he'd been working under ma as the company's VP of financial planning and Analysis so bit of a succession here as we do have this uh announcement of a little bit of a switch up again ahead of this event we have on September 9th which is expected to be the launch here of the iPhone 16 and we'll get maybe a better of idea of their apple intelligence all right guys multiple analysts graad today on Apple down already to one sorry 2/3 of a percent now you never want to lose a Luca from your team mean Luca Brasi was just the most loyal uh soldier ever for The Godfather so I don't know if this is good for Apple uh at all interesting if you never if you've never seen The Godfather like one of the coolest things I don't know why I'm saying this but we already talked about Apple so I'm just going to throw this out there that opening scene in The Godfather where at the you it's his daughter's wedding um and everyone's like going to ask their one request of The Godfather on that day because he has to say yes and there's the one and there's the one guy he's there and he's like rehearsing it the whole time and he's super nervous and it turns out that was an actual like mob inforcer who they got to be essentially like he was supposed to just help them like making the film make it realistic and like well let's just give him a part give him a part he you're so authentic so at the beginning when he's sitting there like mumbling to himself practicing that was the actual guy trying to remember his line so when he when he mumbles them delivers them to Marlin Brando and is stumbling through them it's cuz the guy's not an actor he's an actual mob dude I never watched that the same way after that so I don't know who this Luca M it's it's it's really when you w rewat you're like yeah crap this is just like one of the characters in The Wire was actually um a guy who robbed drug dealers and they brought him in just to be like a what's the word like an adviser on the show and they ended up just giving him a role so um he ends up like a kind of like a bodyguard Omar uh but yeah I don't know this Luca Mistry guy it doesn't really matter we talked about Apple short in from 227 in here lows if it breaks that you're shorting in the 228 level uh that made a lot more sense when we're trading up here now we're a lot closer to support at 24 and 23 the only places I'm looking bounces or where there are double and triple bottoms uh today I think it's a continuation kind of day might as well pivot to I mean 523 was the flat bottom break on meta it resisted that that all afternoon if it pops and fails that same level I I I'd look for the same thing there seems to be like there could be continuation for them as well as long as it's not above 523 like that would kind of spook me on meta I think above that line you might even be thinking about Longs if the market decides the other other way I mean that's why I always think it's just best just to take the canoli you know like you know you I mean how could you go R those cani um yeah I'm going have to bring some canoli back in here from uh the Italian bakery by my place uh 227 228 I mean we already sort of talked about whoa I don't need a line here we already talked that Apple wasn't really doing too much so for me it's not really that interesting I mean I don't know enough about their staff uh the CFO what how important that is he's going to be sticking around for a couple minutes anyways so I'm not super super worried about this for the stock I'm just more worried about the market we've talked about that feel like as the market goes so does apple right I mean we this is a$3 3.5 trillion doll company the largest company in the world so yeah we going to get some downside push right I mean the more and more um sell off that continues in Tech you got to raise capital capital moving into again we already sort of know some of those names where we're going into Home Depot we've seen Walmart we've seen some of the retail names start to catch a little bit of a bid and some of the tech names continue to fall down Apple's actually done really well to hold up in my opinion so I'm actually waiting and I didn't write it down I mean I think now we could maybe get to there I'm waiting for this kind of a break here 223 I mean when that happens I don't think it's going to be like meta meta's a $500 name has much more room to sort of breathe to the downside but Apple here 223 I think gets us into 220 22050 so I mean that break is decent I don't think that happens in one day I just you know that's the next move and then we can see what happens in around 220 obviously everyone's going to be waited with baited breath for an Nvidia tomorrow so for me right now today Apple I like the stock I'd rather short it I'm going to be very short bias we've already written down on here when the market was flat Shorting Opportunities and Market Outlook thing is Sharie and I were grabbing a coffee earlier and he said you know always talk about it what's the look for today I said you know I'm still thinking short um and I said I was thinking that yesterday and the market was flat and the market was flat again here today as here we go we're going we're going lower right now um look at this move happening as we speak in the market like oh man just get short then talk Sean but there it goes wow all right so now you're starting to extend it uh since I just pushed the short uh I don't know what just came through we were just talking about short rate now what uh all right well this is just dropping 30 Handles in front of our face right now um as this Market seems to be and look at Apple Apple's like what nothing uh so there's a nice move down again back into the lows for NVIDIA here we go guys we're watching out for that tqq level of 67 that's coming in hot right now uh Tesla's not really moving we'll find out what's going on broadcom right now had a release of new software I don't think that's doing anything uh is it no all right AMD maybe pushing I mean it's Nvidia is selling off a little bit down to 125 but at the end of the day it's only half a percent but half a percent here half a percent there adds up so let's wait to see what winds up happening there it looks like the market is trying to flush a little bit hey you want to just report on the number real quick we did yeah we did get a housing price index that came in though however at 1 or sorry 9 a.m. so I can give some of those that came up about six minutes ago we did have the house price index month over month a bit lower than expected here negative .1 versus estimates of positive Point uh one here we also add the house price index year-over-year a little bit lower than the previous number 5.1% % versus 5.7% previously Cas Schiller here on a year-over-year basis higher than expected 6.8% versus estimates of 6.14% not seeing any other news coming in we've had some also some headlines here coming out of Ukraine uh the Ukraine and Russia story a little bit earlier today about 25 minutes ago apparently uh zalinski here seeking to uh talk to Biden on a plan for Russia to end the war but again 25 minutes ago nothing coming out right as we got that drop all right we'll move on to the next item on the watch or in the down there Eli Lily coming out overnight saying that they're going to um basically release a new form a smaller dose form of their Zep bound drug at a lower price specifically here they are targeting the counterfeit Market uh simultaneously they have multiple law suits against Wellness clinics medical spas and compounding pharmacies that are selling unauthorized versions of its drug so they're trying to get ahead of this Adera yeah we have hers him and hers getting hit particularly hard here as well as Nova nordis a lot of their comp competitors because these single do vials actually are priced at a 50% or more significant discount so pretty good way to kind of get at the competitiv that we do have Lily here trading slightly lower below that key 950 level but definitely not hit as hard as hims and hers which HS currently down here uh roughly 6 and a half% and we are brought to you here by Mumu are you looking to maximize your idle cash earn 8.1% on idle funds for up to 3 months plus us users can take advantage of up to 15 fre stocks and $300 in cash rewards hey Canada you're not left out enjoy 6% on cash balances along with a two-month commission rebate sign up with Mumu and trade Global markets with just one account gain access to an extensive range of data on stocks options and ETFs complemented by over 100 charting tools and indicators price forecasting weekly rating reports and instant alerts all designed to elevate your trading game for more details and the full terms and conditions scan the QR code or click the link in the description thanks to Mumu for sponsoring this portion of the show oh I muted thank you very much Adera there thank you uh to Mumu as well um I look that news okay you can look at Eli Lily I I I don't think that doesn't uh that's not a bad thing but I it would seem to me when the biggest in the bad is they're going to be cutting costs or sorry cutting prices not costs when they're cutting prices you know I think that's like worse for the competitors at least reactionary wise today uh than the other way around so right now him's down 6% already lost support here at just 15 like 1540 there is one bottom left at about 1480 then you got the 200 period and then you got like $11 on him it's already headed to the downside there's a seller following it down at 15 so it broke this flat bottom break this is one of those like wish you pulled it up and to see that there was an iceberg sitting here it's just holding it at $515 essentially that's since broken there's a seller for about 30,000 shares at about 15 this looks like it could just be taking the stairs to the downside when you go back look at the consolidation levels like to me let the stock tell you and if this thing is above that 15 20 don't fight if it's underneath it look short vop happens to be there because when you have a barcode like that and it sits there and all the volume in the pre-market occurs at the same price and vw's going to be there as well so um that sets up pretty uh pretty easily there I just feel like it's worse for these guys in Novo than whatever you might be doing with Eli Lily today so I'd be looking at him they've done about a million in volume the volume's going to be there uh today on this glp name um yeah so I think that's good to look over there we don't really trade Eli Lily I know um Adera will sometimes it's four it's the spread right now is $3 it's not really doing too much volume it's only 133,000 I don't think you want to get out of this name I mean that drop into 760 and now up $200 like this this is up 25% in a couple weeks so it it just continues to work I I don't I don't think any story is going to come out that's really going to hit this name but I don't know enough about that I just think that you don't you don't want to sell strength or sorry sell on weakness you actually want to wait for it to hit again and then buy it on buy it on weakness so just because you're down right now 1% I don't think that's enough to hit the panic button but is what I'm getting at I'd rather let it drop 10% to buy more so I I I think every time you'll sell this name you may look back and regret it I mean they're working on so many other things as well I I like Eli Lily but I could I couldn't say there's anything wrong with ringing the register like if you take something off right now then maybe get back in if we break the high of 975 or 960 here and I think that's a little bit better right so that you're not saying oh man we double topped there and then we hit it again why didn't I sell well at least you can get something out um and then rethink about that play as we move on I you know it's it's just been such a nice run and I don't really have too many better ideas right now anyways so I I think Eli Lily is fine unless your idea is cash so um that's what we're doing right now Eli Lily feel like it's smart to sell some but you probably will regret it straight cash homie wrong with raising that cash I love that Randy M line Neil all right cabba next here uh down about 8.6% on the back of some Insider selling looks like uh the CEO Brent Schulman as well as the co-founder Ted Zeno Christos I hope I got that one right and CFO Patricia Tolliver as well as some others that there are selling but the stock is up 193% year to date before that drop yeah this Dro pretty significant decent volume in the premarket as well at least for for what K normally does here still down here about 9% and not at the lows that we've seen but yeah we had a CEO co-founder and chief concept officer CFO and a couple board members selling pretty significant shares here um as few as 5,000 and as many as 210,000 for that CEO also worth noting Ln on watch here Caris Dale Capital here saying that they're short and issuing a short report saying that quote AI can't save this dying overleveled Legacy Telecom we know Ln has been watched as of late so that one dropping on that carale report tell us how you really feel it's over there I'm want to take a shot at that co-founder Ted zener yep they got look man if you're the thing about Insider buying matters more than Insider selling I want to know when people are buying their own stock Cava Cava think it's up almost 200% on the year like okay so there aren't going to be people like it's a recent IPO that well relatively recent IPO I should say relatively recent IPO which has been screaming to the upside of course there's going to be Insider selling one thing I want to say is okay fine the last time it did a hook turn like this it ran $50 or4 something dollar in price action so you can't ignore something like this rejection and pull back at a 125 level but when it did this at 75 it was just straight up essentially to 90 then straight up again to 100 I mean ideally when you have levels like this like it was 125 where this thing closed and you in the aftermarket you did plunge down like usually I'd be thinking pull back into prior support for Cava that's $6 away on Cava so then there's this level here like about 118 bucks for a potential pop and fade like if this is like the like a mini unwind for Cava it's clearly got a bunch of room that it can go down uh even like the 100 level is going to stand out but I you need to have it settle down at the open I just rather be looking at that big cap Tech where there's very defined more defined levels I should say uh that we like things like Tesla Apple Nvidia and well Starbucks isn't big cap Tech but it's it's the one I'm looking at if there's even like an adjacent here not that they're the same thing or anything but I guess they're in the same sector that Starbucks it's just the earnings R not the earnings range it's just the range since the sea site shakeup and it's been holding this consolidation 91 half bottom in 92 96 top the only time this was above 96 was in the aftermarket the day that they snagged nickel nickels so it is like to me it's an obvious level Until It Breaks it's resistance till it's not at that 96 but if it finally breaks breaks out just want to be there when it does it's the only like long idea and even then it's a breakout so if it never even if it never breaks you never take it unfortunately and if it does break down it probably should even be a short underneath the 96 here on starbooks I feel like this is more likely that we trade Cava if it settles down and looks tradeable after the open I don't mind was that news we have a problem right now there's a hurg short report on smci right now so you are getting talked uh once again the market tried to come back up now there's some sort of an accounting problem here um which is not going to be I almost I just almost punched short at 505 honestly and then I looked at this and I was like oh I already missed so it's good thing see I already missed the play because we just dropped $50 so we just dropped 10% rate there on smci I don't think this should have anything to do with Nvidia but Nvidia also falls down a dollar and change right there I mean I'd hate to say I told you so but we put short on here an hour ago and since then the Market's really been bleeding uh down to the downside it's not like I knew anything but the market is starting uh to go lower here you just need some like canaries and some coal mines here and I don't think whatever is happening with smci right now is not going to be based on anything about the chips I I wouldn't think H hindberg reports I mean here it is right here it's only 9:15 so we can stay on here what are you going to talk about Cava um all right so watching super Mich computer H super micro fresh evidence of C accounting manipulation sibling self dealing and sanction evasion so okay so again evading sanctions and whatever sibling manipulation means um that doesn't mean that they're selling that' be like using your own like sub like inner subsidiary companies to like boost sales and stuff like that right so that's so that's so so that this is the one thing is like if this has anything to do with sales numbers then that could obviously affect the group as a whole so we'll see nice bounce though remember Hindenberg is probably short and um you have to remember that these these reports don't necessarily come out and ever get proven or anything like that this just a report we could release a report on something as well if enough people want to watch it and follow it then that is their their their responsibility but there you go not a surprise if you come over here on the daily chart smci basing out at 6 6 6:30 and all of a sudden this this comes out so again hinden research report now um accounting manipulation apparently for smci here it is I mean darl will cover it as well but Sean mentioning accounting and financial reporting issues related party transactions becoming an issue sanction uh circumvention as well product quality and customer experience and uh some competition uh interesting uh stuff here coming out of smci uh do you have anything yeah one of the biggest things here for smci that I can see they were temporarily delisted apparently by the NASDAQ in 2018 for failing to file some financial statements then they were charged by the SEC in August 2020 but less than three months after paying that settlement fine they began rehiring some of the people that were involved in this uh snafu in the first place so apparently three months worth of Investigations here with smci leading Hindenberg to this conclusion pretty interesting short report there also JD here I have up on the chart I know this one is the next one here on the rundown with her5 billion buyback had quite the the couple weeks with their earnings and also the Walmart share sale yeah guys interesting look after uh Walmart yeah sold about 10% or there stake it's still lower about 11% on the year keep your eye on this one already uh giving back some of the gains that it had in the pre-market guys up three and a third just I mean I obviously have the eyes on smci there and we'll we're definitely going to be circling back to that multiple times today no question about it uh JD wherefore art thou JD there 's your dump there's your support $25 here's your break couldn't hold it today whenever anytime you dump in on an earnings play or anything of that nature where you get that aftermarket move I always look to see does it hold the low this is some data from yesterday and then does it break out the top hasn't broken out the top it's diddling in the middle I feel like unless this is breaking out above 27 and a3d uh no dice for me if we're looking at a Chinese ADR as we said Alibaba yeah see that one missing dated too uh the 84 level already had that marked off for yesterday's trade clearly it never got to 84 you can blame that on pindu Duo essentially just started falling in the pre-market and continued to do so good cons uh what's the word I mean I don't know Panic bottom whatever uh bottom at the $80 level but if there is a pop in this stock it's kind of a head and shoulders is look back into 84 on Alibaba so that's the one I will be paying the most attention to I think as far as Chinese adrs go but it's going to be difficult not to look at this smci uh here today the last time smci was an SSR bounce there were mean it opened the last time it opened down 10% there were multiple chances an SSR bounce that was the last time I actually traded the stock we're able to take $4 and our exit should have been the easiest short entrance of all time uh next time I see something on the book I'm going to pay a little more attention to it and consider the reversal there's no big levels to work off of here we just have to look for a trend join if it opens if it breaks 510 approximately that's going to trigger it being short sell restricted and if that's the case there's going to be some opportunities I think for some bounce play just got to be very very patient let's let this one settle down as I said there's no big levels till you get to 480 bucks for support and this Gap is already a wide one remember we kept talking about the stock in the consolidation if it breaks away from it one way or the other it's going to explode well unfortunately it was to the downside for any shareholders but be careful we have seen this story before short seller report comes out stock tanks Market opens it can catch a bid just because it's a negative story does not mean this thing Falls forever we'll go to the last item here on the rundown crypto moving uh down sadly overnight Bitcoin already down 1 and 3/4 below 62,500 at the moment making its way down into 62 there's some good news from yesterday though give you some data here with respect to these Bitcoin spot ETF sents they're Inception 18 more than $18 billion dollar has flown in to the spot ETFs with ibit taking the cake here with respect to daily inflows and daily outflows Bitcoin saw about 225 million of net inflows yesterday with black rocks ETF seeing 704 million inflows giving you an idea there was outflow out of other spot ETFs but sadly Adera ethereum spot ETFs continue to see outflows yeah they had 13 uh 23 million in outflows yesterday their total outflows I just have the coinbase chart up here their total outflows here for the ethereum ETF since they debuted July 23rd just over a month ago 477886700 a report from new world wealth and Henley and partners saying here that apparently there's a 95% year-over-year increase in the population of crypto millionaires across the world so definitely some people benefiting uh from crypto here in that regard are you guys one of the crypto millionaires no nope I'm not going to pretend I can't pretend otherwise however my uh I'm a rivan millionaire you know what I mean yeah let's go rivan that's what I'm saying no well I no I'm not I'm not well I said I was going to try to figure out what rivan would have to go to to make me a rivan millionaire but I never did that work um spoiler alert very high uh my my physiotherapist that I visited for the first time yesterday as I start my rehab we started of course was chatting and he trades crypto on the side so he was very interested in bitcoin's recent Trend he's like ah we're in the nice Bitcoin Analyzing Stock Performance and Market Trends we're in the bull market for crypto and all that good stuff I was like yeah but we've been failing this level um well failed 65,000 double top and then we kind of trended down when we fa that big 63 and A2 zone so 63 and a half you're trending down off of it it feels like it's the other way today Mara this would be the one it's just so far away from what can you do the 50 and the 200 period lined up at 19 change yesterday's high was just underneath $19 and we closed at $1850 so I really would have thought okay if we're trending down the shorts up in here somewhere uh so we'll just have to find a place if the market if we keep trending down on on bitcoin if that's the case then it's either wait for some of those tops to come in for the short or look to join a trend if it forms in the first half an hour and look for like underneath vwap or that sort of thing but uh yeah you're so far away from those highs now with this little pop that we had down in the market and in Bitcoin I'm not really shorting any bottoms on MAR it's just too far away from the levels you got to be patient off the open for this we got other fish to fry that's for sure yeah there's always going to be more uh I B right now not doing a whole heck of a lot in the pre-market get as we'll just talk about this I mean this seems to be the ETF that everybody wants to trade um and yeah I mean still holding out pretty good I mean a nice little rally there we talked about that $65,000 level we'll see if it can hold I mean right now it looks like you'd be able to buy this name in an around 35 flat uh for a spot that is the 50 period moving average you know we have Bitcoin at the bottom there you'll always be able to watch it on my screen at the bottom right and I'll show it to you in a second but just looking at a 20-minute chart this is like that breakout level that we always talk about and not level but pattern there it was right there sort of a weekly Top broken yesterday I guess sort of in the in the beginning there um yeah I'll fix out Fabian in a second there it is a nice move back up there so we'll see if it can hold this $35 level we'll get a second uh look at that in a minute we do have the imbalance as Fabian said I have to move my mic so the mic's a yeah we do have the imbalances coming out in just a minute so we'll go over to Shar and then we'll come back and see if uh the sell off continues about the money flow index today Sean on how to trade mfi it's it's an oscillator momentum oscillator we kind of started that yesterday with the rate of change we'll continue that today with mfi if you're into that kind of thing join a Dar and I on how to trade at 11 all right so here come some of these um imbalan balances yeah not really I was just like I mean till got a bid so we talked about sort of maybe going short on that sort of sort of momentum to the downside but that um is going to get faded I would imagine as this bid sort of settles down let let's wait to see there is a seller right there on bats Gateway of 58,000 so that's nowhere near what that is um all right so gold uh yeah there's PDD again a name yesterday I mean fading off that 100 it's going to be there right now that high yesterday was 104 or so that we were looking at yeah right there 104 so that was a nice move down maybe look at some tops around 104 102 if PDD gets going as well paler I mean so we didn't really get to talk about this this is on you can go find all of my ideas for shorting uh right now on there's there's smci we Dro that story there's the NASDAQ um and then here's what we're talking about today and we've added paler to here there's paler we forgot it in this little part uh but paler Nvidia Tesla Baba Mike Rod so I thought this paler trade I I was just looking I didn't know remember this was an hour ago or more when we make these notes and paler was midway it was actually at $30.60 or so I thought a little bump up into this area would be shortable sort of vwap where we closed yesterday I still like this trade as short into 31 if we do get bumped up but right now like I said I mean it's funny that we put all shorts and then we look back an hour later and everything is at its lows it's just now we have to wait a little bit so I wish we had sort of stayed there my opinion has not changed but the prices have so we may have to chase some names back down to the downside I don't feel comfortable punching $30 short on paler today I it's just to me it's down that would be down 10% uh from that level I feel like there's going to be buyers like if you punch short 30 I just 29 is like a great level if you can get that dollar that would be pretty smooth and obviously you're not going to complain and I wouldn't even hold pounder dollar I'd take 20 or 30 cents I think would be a great return on this name so anyways this is definitely trending down I feel like right now for those of you asking maybe waiting now for that vwat pop would be 3050 but with this imbalance we got to let them settle down we've seen so many times where you know this will hit spike it down 20 cents and then it just starts to rip because um sort of the pressure is off of this side but it's very mixed Neil there's buys and sells on here so I'm not really getting the feels that this is going to be collapsing or anything right off the open yeah I I tend to agree because everything's right back at support levels I mean meta low a day so you know you can like a short back into level from yesterday but that's a while ago AMD here was trying to go red actually it did go red now it's back to Flat this one I liked into 152 when you sit down it seems like it's a good short at 152 and then you're down at $149 very quickly I don't know that I didn't want this one for a break of the low I wanted most things uh in the chip space and big cap Tech to be popping Fades like that's AMD in 152 and just double Che I mean in video with 2 minutes to go you're breaking lower I had 127 half of my note because of the resistance from yesterday so if it's going to be a short the pop after that smci news and little bit of a market roll over I think you got to be patient at 930 here for some levels like going back over to just going over all the names here Apple down at 22 underneath 226 so that resistance up just above 227 not into play just yet uh Amazon yeah I mean Amazon's down at 174 this is it's way too funny cuz Lucid was on that buying balance and Lucid this stock just keeps bouncing at4 $4.20 I don't why it's so strong I guess it's that whole rates are coming down thing I suppose that some of the E names are going but Lucid oddly enough is managing to hold on to a bit of a consolidation I'm going to keep this one in the back burner as long as it holds $4 there might be a little bit of a potential squeeze and if if I'm biased to the short side most of the tech names and the and the market in general then when you're looking for Longs you want things that'll squeeze uh like pelaton was a bit of a long in the morning uh Lucid certainly has that potential but as I said you got to preach that patience double check Tesla it's not at that 210 level kind of diddling in the middle here I think there might not be anything which is right in the pocket at the open maybe Starbucks Starbucks is trying to bounce off 95 it could test 96 it's it's close enough I suppose uh to the 96 that it could be one of the first things to come into play post seite shake up high was that 96 level for Starbucks that's why the interest in this one as the Markus is trying to bounce off this smci we'll probably have to have a look at smci to see where it's going but on this Tuesday is it turnaround Tuesday well it's pre- envidia Tuesday that's for sure let's ring it in three two and one all righty uh we're watching mikron as well thank you Adar for that one we're watching mikron watching out for $98 coming in uh in one minute maybe we'll see about Micron but the market is trying to go back up so we'll look at Nvidia quickly a lot of you like to look at that name Nvidia just dancing around I wrote down 128 so we'll see if we get a bump up there Tesla's starting to go higher now this seems to always be the thing with Tesla doesn't it uh a nice little run up I was thinking about shorting 215 um into Tesla we had written that down as a 210 break as Neil mentioned but that 2115 high is coming up right now uh it is really starting to go I was looking at 215 I I thought this could have been a possible short area um into here so what we can see that's two 216 basically High I feel like if if you're wrong that's where you're wrong on Tesla so we'll wait to get a print print there um yeah for me just looking the tqs as well we're waiting forci is screaming higher higher okay yeah yeah best thing about those reports mean you either got to believe them or you and they're already short right so you know like they built a short position so they're already in the sucker when this happens and I'd imagine good covering for them because they probably have like 600 and something uh on that so Nvidia where we at on Nvidia we're going to get short zwap here 126 we're at uh Starbucks is not in play Apple's not in play just yet Starbucks is close but it's not in play just yet so just got to be patient here Tesla is absolutely screaming I wonder if there's going to be a squeeze in the EVS cuz there goes Lucid breaking highs yeah yeah we're only in Tesla so we're in Tesla right well we're in the q's as well but this is just a try um right now so here we go we're short 215 we talked about being short 215 let's just take 50 cents uh right there sorry 40 cents on that first part and now we'll wait to see if we got that again so we'll wait to see we'll just take out um how much 15% % or so on that uh and it's starting to scream a little bit here so yeah this Market again do not stand in the way of some of these plays that is for sure that levels The Importance of Having a Trading Strategy 21650 so that's going to be the stopping point here for us this is an early play you saw me do this with Micron yesterday we layered into a trade um again so I'm I'm fine with this one on Tesla all the way up to that 21650 so let's put um another bid up there somewhere and we'll deal with it then but right now short Tesla and here it comes right back in again so so far so good it's your 50 c winner right off the Jump uh right now for Tesla yeah Tesla with a just h a halt but I didn't catch the name uh Tesla with that pullback I didn't get to 152 on AMD but it did get to 151 half it's yesterday's resistance levels going to try and pop and fade this one as well and Starbucks is not breaking out that top it tried to get to 96 got to 958 I was offering 90s and already starting to pull back in so it's resistance till it's not that 96 level I do like it for a break but I no is like I'm willing to go either direction off that resistance since the sweet see sweet shakeup and I'm going to screw that one up every single time got to be an easier way to say that um come on just give me the fill sometimes you want to get it against you instead of waiting for it to come up test resistance and go back into the downside might have missed the popping Fate on AMD Starbucks is still in the pocket though it's 95 and A2 want to get closer to that 96 level your boy ain't missing much over here uh 21550 short out 21490 um we're just trying to get it in out I mean it's not really doing too much we are also short the tqs it came pretty close man it got to 6780 so now that we can see that level a little clearer let's put some more shares over there we have our plan we we talked about staying net short today so we're net short um we're short Tesla here Tesla 40 cents in we'll see if that can continue uh hopefully to push a little bit lower targets for this Tesla short I mean it's it's only ever been in the money 50 cents so um and our stop is going to be a little bit higher so we'll take a little bit more shares if and when we get to that 216 area but remember we are pretty concerned about this if the market keeps going you could get to 216 and then try to test sort of yesterday's 218 or so so I'll probably take another little piece here at 216 and then watch out to see what happens at 2115 that kind of a break right there is uh sorry 21650 that's probably a little too much but here we go it could be your first dollar for me right now let's see what happens with Tesla we're short at 15 21s right now and it's pushing back in Adera I believe and watch you're moving off the open it's vo international corporation VXX is a ticker for this one on the NASDAQ announcing here as some strategic alternatives for their valuation including potential sale of the company also announcing that this Gentex corpse apparently submitted a preliminary proposal to vox's board as of May 31st so some strategic valuations going on here for VXX guys right I I I think this is going to I I think te Tesla seems to be getting ready to even go higher um right now like the market just had a nice move up Tesla came back in but then didn't didn't really oops didn't really think about it like okay now it's coming okay good so we need it needs to try to break vwap it just keeps on bouncing off of it I'm not even sitting there I'm sitting lower I'd like to get something Below vwap on a VW break back in right boom we just talk about it and that's what's going on right now again oh no Neil we're doing it right now again for everybody here today Tesla on the short let's see if that works we also got our tqq um that just went up and then back in as well so hey man this is what we talk about if you're going to say trade ideas and give them out hopefully we can average into our positions take the right levels and then punch out if we are indeed going to be wrong but there we go on the tqs up to vwap in a quick little out rate there we'll just continue to massage some of these plays um you know if we're going to be wrong on being short then we'll be wrong on it and we'll get out and um we'll take some L's but for right now uh we're just sort of massaging some of these shorts with trying to whoops with trying to hold on I have no idea where my chair went trying to hold on to you know some of these plays that we have 21550 back in for Tesla so we're just um going to hold on to this trade see if it continues to work lower but that was that break that we just wanted we just talked about it we hope to get a vew up break and a little bit of a flush so that was a pretty good move short at 21525 that fill right there 2 21435 so good trade there we'll see if it wants to work out for it um yeah AMD must be screaming short as well just one trade no it's actually relatively strong was able to get it double top 150 160 relatively strong meaning it's pressing the highs it double topped 15160 I got it back underneath 50 and then it came in and bounced off 151 so when it's trending like this there's no reload while it's doing this I need it to calm down give us a lower high you're screaming to the upside don't like the way this is going especially cuz smci is just ramping to the upside so if we break this 1516 I'm just jumping out of the trade and looking for a better entry point if I'm going to get 30 40 cents on the first scalp trade don't mind taking it out and looking for another opportunity we'll see if it breaks that high uh Starbucks tried to get back into that high it did not so it rejected 9580 they're trying to work into this short I thought we'd get closer to 96 but we're not there just yet we're going to try and get a little more short underneath that previous High Adera what up we did have the smci short report but another short report we mentioned a couple minutes before that that worth noting here is Lumen Technologies Ln this one down over 13 or almost 13% right now smci making a recovery well Lumin still a little bit weaker carale Capital here with this short report called AI to go to fix this mess also worth noting here they do have already here what I'm seeing a short float of 7.7% Lum in market cap of $6.6 billion Ln guys $3 in the money on Tesla Neil as there it goes man it's a huge move down there into the downside I mean what else you know this we say this all the time what what up with this market and there it goes man have a bias have a trade put it on ring the damn registers right there again it's Tesla it's another one there uh big trade alert I mean we've said that before we're like this has to start to work out for us we'll take another piece out right now now let's hold here it goes Neil Neil it's $4 Identifying Trading Opportunities in Related Stocks and Sectors right now in the money on this trade so um that's going to be a good one appreciate that Sharie let's go now $4 in the money on Tesla this Market is dying we just took out low of the day it's flush City at this point um I don't mind hitting some lows if they're the right ones because I'm staring I still have my order in for a 210 breakdown on Tesla so we'll just wait for it to make that break amd's now going to try to test the 149 I'm not thinking add on this double bottom I'm thinking cover and short the pops into the downside smci just turned and fell $20 and that created I think a little bit of a temporary top I don't want to give this all up just yet and what was the last oh yeah Nvidia Nvidia now has a double bottom looming from yesterday if we lose this Tesla loses 210 the nasdaq's already taken the low you could have not an inside day until that happens stay in the pocket here I'm only in two shorts we have one entry into Starbucks we did not get any more I said I wanted more of Starbucks but then the market turned on us here so we weren't able to add to it why is it still saying blue ocean give me givme give me give me the star Starbucks chart here uh there you go so I tried to get more of Starbucks wasn't able to get the fill I'm looking at the afternoon bottom here we'll take about 40 cents on the first look we're short in front of 9580 so our risk is about 15 pennies on Starbucks right now it's trading in the 40s so we've got better than 1 to one but I want a little bit lower with the market breaking the bottom shorts are paining is what it is only had one long idea and it was a breakout and it never broke out simple we talked about this that's right Shar Pay The Man his monies uh right here we talked about it early right I mean I said early on this is what was going to be hopefully happening here today um this is yesterday's sticky note we talked about it coming through today that this was what we are looking for we're looking for shorts every single idea on here is a short short short short short short everything on here so there it comes back in for the downside it's a five4 $4.50 winner um right now on this name and it's a big one man you guys want to talk about real trading I mean you got to have a bias you got to hit the levels Here Comes Tesla coming in through 210 as well man oh my man this is $5 now uh in the money on this trade and and we're just sleeping on this one by the way because the tqq is M maybe even the better trade uh as the Futures I mean Sharie what we're doing on the Futures here uh we just shorted this here this is now 100 uh so that from that top is 100 handles um we're short from about right here 37s down to 55s we're about 80 handles right now in the money on that one so we're giving you another one another one and 1 2 3 4 five right now on Tesla in the money and we are just sitting back at and just straight chilling um right now and putting up digits uh here on the day so it's a good trade so far uh here for Tesla and for the tqq man I mean you everybody here if you're taking these trades you you you could basically walk away um and that may be a good idea I mean there's the flush down we talked about this play coming through it did and it was fabulous so there it goes man it's a nice trading day here so far um on on the market if you've been short which hey who knew bias short was going to be in play pretty much everybody well I'm saying if you're watching The Morning Show then you should have been I had one long idea for a break and it just broke so I said I'd go short at first we're now long it I did jump out of AMD I said that that 149 came in we'll take that trade as it goes it just Wicked the 150 level so we got 151 half into 150 Now we move on to the next trade uh wherever it might be if it's going to be a break trade I don't mind hitting lows uh I don't think it's going to be the next one because Tesla's got the 210 level right in store this is all over again meta and the other one was Micron so 210 flat bottom break I don't care where it's been going into it if it's coming out the bottom then I'm going to take this one short this is a setup that the first thing I sat down was like okay going to short Tesla on a break I like shorting flat bottom breaks especially when the Market's under Panic my order is in for the breakdown we just got it it so Tesla let's see what happens Tesla is very well known for snapping back in if a trade doesn't work immediately on the breakdown I want to get out and short a pop so if it doesn't hold I want to get out about the 30s have it at 1 to one and then wait for this retest of 211 so always having for me always have an exit before I make that entry point so on this break I got 80 so that's a bit of slippage it's about a half a dollar you expect about 20 cents of slippage on a Tesla so it's about half a in terms of how much I want to risk on this trade if we get down underneath that 50 level we're going to start to take some out smci just heard it's probably just a rehash of the old story yes I think that's exactly what it is so smci starting to come back down once again underneath vwap if you're watching any of the chip names you're going to want to pay attention to what's happening here I don't think it actually ticked short cell restricted on smci by the time it got to the open it already bounced profusely so heading back into the upside as smci this rolls over and goes 10% down things are starting to look very spicy uh so as I said Tesla the break Trade It basically tagged the 50 levels we're kind of anticipating and bouncing if there's a move back it's 211 that I'm concerned with 211 is prior lows we're going to make sure we round into that uh AMD still nothing yet amd's right back into vwap and failed so the next trade is usually short into vwap or short back at the high let's see which one it wants to get give us short into vwap or short back into the high all right man there it goes um like Shar just said he said oh my god dude you were $7 in the money uh right there so Staying Informed for Informed Trading Decisions there it goes I know we were looking at 210 short I'm not going to take it we're already wasn't that the big idea uh yeah that that was not wasn't the big idea it was fading off of the some of these bumps so right there 215 huge we could take it but I think we'll wait for it there did you take this trade or I took it it was very mixed you had to scalp it it just came right back it gave it to 50s and then came right back on the bounce it's not getting to 21 if it doesn't get to 211 then I want back in here but I'm going to let there's sellers here that are getting bought up so someone just dumped about 10,000 shares at fives and it just kind of came right back so they're doing a battle at 10 if the 10 win I want previous low I always want previous low and that was $211 with the breakouts not going this is not like meta when meta broke yesterday the same flat bottom it was instant in the money it never threatened against you so I want to see some acceleration in before we get this one again AMD where are you AMD AMD just broke the lows no sorry that was Nvidia now that we're underneath the bottoms see I just tried to get two 10 and then it flushed one more time let me go over I got to be able to get AMD here uh AMD just broke the 150 all right I do want to acknowledge Neil for acknowledging that big idea because there it is it's 50 cents in the money if you wanted it I'm just going to hold it I mean he's right this was the idea that we had and there it is man it's another P dirt idea right there now a dollar almost in the money off that one I guess I guess you're right man just trust trust yourself as we do um every single day so there it goes right to the downside the other idea of course that we had was tqq breaking through 67 so that's happening right now let's put another bid on here right now and just to see I'm not like this market right here we'll see it's at 195 we did break that so that would be sort of a key level uh for us right there maybe we'll take another bit at 209 and change but I did really think that if the NASDAQ and the Tesla started to break lower we could be in for something um a lot lower so right now that's 204 205 206 right there Randy it's just $6 in the money but it's Tesla and it's a short and we're going to wait to see what winds up happening we should have probably cleared out a little bit more there um on the tqq so let's put a bid now at 11 and see if we can get that price because again when your levels hit sometimes they could just be so key that it dances around them for a minute so like if you like this Tesla short it's right here right now again for that reload so um we're already cruising with this it's been a great trade there goes the tqs there goes Tesla again back down to that downside so um Tessa's huge the day is huge um and we're just getting started man it's 947 Randy I like the color of your shirt there matching the Bears and the Bears are definitely in full force here guys Nvidia continues to hold the lows however that was I don't want to call it a capitulation candle cuz I don't think that's what it is but there was just a big reversal and the second I saw it get back above it's threatening 125 punched out of AMD I did get that refill in Tesla it's not a refill because I was out and back in it's not a refill it's a re-entry at 210 the seller was at 2103 I I just kind of just joined that price when I saw it but again you're bouncing off the half dollar and coming right back into the upside that's now twice it's brok in 210 and turn around a essentially at the same spot if it makes a fresh High here at the half doll get out wait for vwap so that's going to be the plan get out wait for vwap there is a kernel of strength somewhere right now and it happens to be apple I always like to look when the Market's making fresh lows or at the lows what's the stock already bouncing or at at its highs I see apple as at vwap if there's a turnaround I do like this name so my idea was Tesla 210 it keeps on holding underneath for a little bit and breaking back out so it have to be patient if the Short's going to be up at vwap then we're going to have to wait for vwap the break trade not the big winner here today you kind of had to go into it against you uh to grab it not going to be my style trade just yet I don't want to ignore what's going on things like Eli Lily but the focus was going to be on Tech and Tesla Lily going to the upside and that HS still holding down so relative weakness in the non Lily DP uh thank you thank you so much um for all the kind talk there in the chat Zion Adam um everybody that's taking me Wayne thank you so much uh for that as well um anybody there Sam is in the chat um there so let's just you know you guys can see real right and I mean that's again Big Win right there I hope you guys were able to capture some of that um we did talk about getting some some of this stuff out so even on the tqq we still have 15% of each of these tra now we have a little bit more on Tesla we have about 20% or so left on Tesla and about 15% left on the tqq so yeah we didn't we didn't trade it absolutely perfectly because then we got out of everything uh right now but it's another two for two day um here so you know that this is kind of like what we're trying to do is stay focused and trade the names and so I really do appreciate all the talk there in the chat it's been quite the run so I appreciate uh all of that and and hopefully you guys are seeing some of the things that we are as well um$ 31 we talked about fading that on paler and look it did come in immediately off the open up to $30.80 so that could have been something that we were looking at there um I just heard Sharie say what's Apple up to so let's go have a look strong okay yeah so we sort of thought remember this is why we didn't really want to trade Apple because it was sort of in this range but it does dip down into 225 225 yesterday didn't hold by any stretch you imagination so not really super key level but maybe it is today that's for sure as Apple gets battled right back so yeah so if there's a name here that we do not well I'm not sure if it's battling back any more or less than some of these other names but right now that is a battle that's for sure let me just see what's happening with Nvidia because we do want to be short this name but they're not more aggressive than the market by any stretch now either so this is not relatively weak I thought it was going to be relatively weak today it's apparently not yeah I'm going to I'm just going to cancel all my offers right now we've put the damage on board right now so we're up about the same now that we were at the end of the day yesterday so it's been a really good and big day so we we we got to sort of stay in the pocket and make sure that we take the right trades not all of the trades but Nvidia is coming up into a decent level of 127 which is what we wanted to get short so if we can get a 127 128 short that would work for us and the other short idea um was Micron and that one got oh man that's too bad too we we missed all we missed that early bump we didn't cuz Tesla's is Tesla and it's it's great but uh that short of 98 is well could be coming into play for micron against the 200 period but now we got to watch out for vwap because now vw's bumping uh and that could come into play again so let the Futures think about recovering a little bit um and then possibly get that reload we are into Tesla still remember this is still a $5 winner um I'm going to wait for 20950 that's been the bottom I do have a bid there if we can grab that that'd be nice uh but I do think that there is possibility there uh to get even lower do we trade trade what's up jkl do we trade off of historic I mean all charts are historical but hold on a second using historical charts example EnV chart looks similar to previous setups oh going into earnings yeah I mean sure you can I I think that's a good idea we do have like Danielle Shay and some people on there that look more um at earnings expectations and things like that and I just think that every report is so different than the than than the past so um that's where they get the best thing to look at in my opinion uh for what we're trying to do here and what to expect is just to go into here and figure out what is the expected move so right now last move was 99.3% the expected move for NVIDIA right now is 11.2% so that to me is pretty much the same um like right here on Salesforce last time it went down 20% expected up seven so it's like the report's going to come through and move probably completely opposite of what you were thinking so um those of you that play options know what the best methodology for that is uh but for me I don't think you need to necessarily look at past uh performances just to see how the um volatility go uh moves around in there yeah sure go before we go up to a we have to get to a in a second the nasdaq's about to test the Open Range High here it's not going to go green if it breaks this top but when you get to that high it's better be a weak stock if you like it still to the short side I mean not breaking out those tops well Tesla 211 sets up Nvidia is absolutely flying to the upside so maybe not the chip names let's go to the desk with it ERA this part of the show is brought to you by Ben Zinger Pro tired of being late to the trade always playing catch up in the market missing out on the big moves because you're too slow to the news benzinga Pro is your unfair Advantage get breaking news alerts up to 30 minutes before everyone else pinpoint exactly why stocks are moving and to a thriving community of traders who there their strategies in real time ready to see how Bena Pro can transform your trading visit benz.com proo and get a free 14-day trial hey the market is uh rally time right now as we go right back right through vwap so we'll we'll take what oops that's Tesla still um Tesla not a VW no no no Tesla's not in the market uh has past vwap right now just took it out um we're going to go short just a little piece here if this fails man we're at the 200 period we do not want to be short the Futures over the 200 period moving average on the one minute chart that's going to be like the biggest Trend identifier for me again we've done the work on this this is why we're in this name right now um you can never guess within the penny or within the 10 cents of this but we're short right here at 88 so um if this breaks too much more than this like 6810 or so which is the top then we'll fly on this one and regroup um again you don't need to be in all these names especially when the tide has turned we've seen the NASDAQ go from top to bottom like four 5% in a day easily so we'll wait to see here we were down about s or so I think um and now you're getting back to flat so watch out now Futures take that 5 195 easily um and then start to head back up to the upside so yesterday's tqq about 10 10:30 like when we started get numbers it it started get come into question uh for the short and then eventually it paid off so that's the strategy that I'm doing right now can we massage uh out of this one if it breaks the top which it's going to do and then refocus and rethink you don't need to be stuck one way the market could easily flip on its head right here and it looks like that's what it's trying to do so there it is we'll punch out over 12 we'll hit the fail on that last idea for the tqs but Tesla's holding out okay Tesla's still trying to hold out I just tried in front of 11 it just Wicked 11 but it's trying to hold underneath uh there is something that's not weak uh that's not strong I should say uh Intel is at the low of the day here I am on a Tesla level two if it fails 211 again I want to jump into it but I like to find when the market's at the High what's at the lows so Intel's at the lows it's failing the 200 level okay Tesla's now at 21130 forget about that Apple when when we sat down the beginning of this morning I said Apple's very unlikely to get back into that high because we're down at 225 change so resistance was at 22730 that's where I'm waiting for 22730 if we're able to get it uh the market is seeming like it wants to break back into the highs but the NASDAQ is still technically red on the session so we still have some over head resistance in play Tesla's back underneath the 211 level if it's not underneath 210 211 was that previous resistance Apple I think is going to pick us up in front of 227 nvidia's high of that 127 A5 just Wicked it as well so Invidia 127 A2 we're here now so it's time to wait for it yeah exactly we just took 50 cents on that trade right there shorting Tesla or shorting Nvidia sorry at that level so a nice 50cent winner let's wait to see what can happen we just bounced off 127 we have Richmond manufacturing coming in right now and all of that uh so let's go let's get down Nvidia man let's get down let's get down to business um all right so we'll see if it can get a little bit lower on that play we're still holding out for Tesla as well for the downside all right and we're back into the tqq on that little bit of a break let's put something out all right uh right there on that short isn't that funny man once again the tqq stops us at within 5 cents uh there and then the move turns itself around but there it is guys there's Nvidia it's trying its hardest Neil to enter that dollar club uh good call on this one it's Nvidia to the downside right now so there it goes man another one uh put on here we got to get out though I mean I you know you you play the short doesn't mean that you're necessarily right you're scalping some of them out we won't be at our exact days high because we took out um that one on the tqq but we're back into things if things start to float a little bit downside right there let's pick some more up on the bit hopefully not float uh yeah I don't mind if it I don't mind if it just sort of levitates around here uh right now we're bidding 63s right now that was sort of the stopping point there of that 53s there it is so there we go again there's another 90 cents right now as the face slaps are coming through uh hard right now there goes the Futures back down as well um today guys big day here 1 two three for three uh trading let's see if we can keep the party going so 211 right back to 210 on Tesla man if it loses this for good let's go Tesla's in a world of hurt okay fine it's not in a world of hurt the daily chart is absolutely fine my physiotherapist is like Tesla's my long-term play he's a crypto guy I don't want to speak too badly about it because he said he might watch today no Tesla's probably fine the long term the 200 period moving average is the next big level so that means there isn't a big level until $25 if you lose this fresh low but once again it's one of temper expectations it was a break that was unless you scaled the first 50 cents it wasn't a good break I don't care what anybody says I'm Tesla 30 40 cents is not a good move on a big break level and then it comes right back into the previous low of 211 that's been a good short but it's still can't break down among the 210 level Intel just consolidating off the bottom if it breaks lower I just want to be into that name uh where is Apple Apple's still trying to press all right it's not where you want it it's where it wants to go it's trying to press higher but it's running out of steam here in front of 227 instead of over 227 which is where I wanted to be short the stock I'll give it one last chance to push up here otherwise we're just going to start getting into it uh off of the 226 three quarters Market's still readed on the day we did just have that number going to give Apple a chance to push it's relatively strong stock so usually you don't want to compromise on price now 209 on Tesla bye-bye Tesla all right there it goes guys um as we said it's a huge move down in there for Tesla right now it's $7 in the money on this but we have numbers let's go to Adera we actually had the Richmond fed Manufacturing Index coming in here earlier than expected so just before 10: a.m. we got that coming in19 first consens of4 forecast of15 and the previous print of 17 so lower than expectations here for Richmond fed Manufacturing Index manufacturing shipment index also lower here than oh sorry slightly higher here than expected -15 versus the previous of - 21 and the forecast here of8 so higher than expected manufacturing shipments index lower than expected Manufacturing Index here in terms of consumer confidence this one higher than expected 103.3 versus estimates here of 100.5 consensus of 100.7 and the previous print here of 101.9 spy here uh still hanging out just below that 560 level which has been pretty key for the Spy last week week it earlier this week as well the S&P 500 slightly down here on the day we've add the major economic data prints of the day tomorrow we'll get a little bit of fed speak and then of course later in the week we'll get a little bit more exciting with GDP print here and then also on Friday we'll get uh the pce fed's preferred inflation gauge terms of stocks on watch we have smci super micro computer getting a short report here from Hindenburg research right before the Bell so smci recovering pretty nicely here still down about 4% we also have Ava Cava group here Cava this one down almost 8% right now though also recovered from lows having artell International selling 6 million shares the group valued at $732 million we also had the CEO co-founder CFO and some other execs here from CA selling some shares so this one trying to cover still down about 8% what an exciting morning guys H hennenberg yeah it must be nice to be able to put a report out a stock $50 and it's right back to where it was when all of this mess started so uh congratulations if you're long smci I'm not going to pretend I saw that one coming didn't see it coming smci absolutely flying to the upside and still going if there is some kind of a curl I'd wait for 550 to 555 for it to come back into the downside I don't think Tesla should regain 210 I would take that to mean that it's gone bullish so at this point that flat bottom at $210 we'll just use that as the Alamo in the other direction if it breaks back above that then I want to be out of the short the Gap Phil I said 205 kind of jokingly but it's actually 204 that would be the next significant support uh you're not getting there without breaking 05 which is a key level Apple ends up taking out very briefly that high and I say very briefly because it's about 10 15 cents above but got to let this one Cur a little bit here the Market's still trying to Trend back into the upside so I want stocks to are weak I'll take a shot at a level if it's up at that top but I don't want to sit there and then fight fight fight a stock so two names that have been weak one has been weak for days and then Tesla just underneath that 210 still bouncing off 09 I think you can get to 05 today especially with the relative weakness that's got Intel just take it every 10 cents 5 to 10 cents uh it's a 20 breakdown we're short at 97 so we took another piece out of Tesla there for that $6 I mean we just got some out at we were sitting there at 21950 uh 20950 we talked about that level um that we really liked it so we sat there it was the low of the day now the low of the day is 8 20878 right there today um Nvidia is trying its hardest to get back up but it's failing every time so let's wait for another downside push right now of course on Nvidia and there it goes now Nvidia joins the Dollar Club right now as well okay Neil now we are starting to get spicy again man shout out to Posh Spice we are getting spicy uh down in here into 6785 now for the tqq okay real trading reloaded um there it goes for the tqs now as it comes back in and there's another fill at that downside right there for that play So it's a dollar on Nvidia it's 40 cents probably 30 or 40 handles right there on the tqq as that's trying to go but the Market's funny because it's not really going the way that that some of these names are I really hope the market goes man because we're short but let's see if it does start to go right now back into the Downs side we're at the highest spot we're now similar to where we were yesterday um on on this move we did hit get hit uh initially on the tqq because of that short play um early that rate into there and then it got taken out but then we've reloaded it since I just feel like the market trading a lot obviously different than some of these names that we've cherry-picked and really hit today um that's going to be backtack days so like yet now today Tesla will be p&l the highest stock higher than even those trades that we had yesterday including meta which was $6 OR7 on meta um six7 I guess it's about the same $67 here now on Tesla as let's get cranking uh into this downside it looks like Nvidia just stopped for us at 12620 so let's put a bid down there we have we have shares enough to do this so like the thing is we always want to hold for bigger moves but if this is going to be somewhat of an inside day I know Neil mentioned that before it it's coming into that I mean we had to move down in there that was that early flush I mean we definitely took advantage of that and now we'll have to just to wait there there we get that Nvidia play so there goes Nvidia again man that's it it's official now it is a dollar in the money now as here's one of our favorites the gates of hell um for the market high that one yeah it's just too choppy the flush is definitely on but I still have no idea why I'm happy when that one happens uh so Tesla I'm not adjusting my trail just yet but it's getting pretty darn close it's holding underneath 209 I want to see it break 28 and a half and then we'll work back into that one apple is still pressing it broke the high if I have a resistance level and I'm short in front of it and it breaks I get out it's that simple no questions asked but it's back underneath that price and if I like the resistance up here and the Market's trying to turn then I look to take another shot at it but off that same resistance if it makes a fresh High I got to get out which means I want it above 227 somewhere in the 227 quarter range we're going to try and grab that I did add Intel uh to the list because it failed 20 and was at the lows when the market was back at the highs uh it just went 1997 to 1990 probably next to 1975 there was a buyer the other day at 1980 that was a support level if I zoom way out I guess you can't really see it anymore cuz that was a while back so if it bounces off 1980 I'm expecting that you could find a buyer down there I'm going to throw a bid out on that name so Apple still trying to be in the pocket going to come back over here it's pressing that high but as long as we're not making fresh highs and we're not breaking out above this weeks and last week's levels I want to try this short this is one that we liked okay Tesla now the trail is going to go to 209 from 210 is that continues to the downside oh my goodness he literally my physio guy literally told me it his long-term play as Tesla and I was like don't look at stocks in your long term every single day cuz you have to be able to hold on to them you know you don't want to get that fomo yeah yeah that is for sure um okay guys we just like this is this is pretty much is the high of the day I mean within a couple pennies here of Nvidia so um like we said here it's it's a big day I don't know how else um to mention what kind of a day we're having right now um I did this yesterday and I'm proud to do it again today cruising in second place right now give it up to my guy behind us it's Obie One More Time putting damage on the board so I got to say big respects up to Obie back there don't matter where he's sitting back here over there Obie putting it up so congratulations to Obie right there um yeah all right so that's just just just to talk about some names so on Nvidia right now we're out of about 3/4 of that trade right now 126 looks like that was the stopping spot there let's put another bid down there look man sometimes in the afternoon when there's not as many trade opportunities what I find myself doing is sometimes throwing away some money we didn't do that yesterday yesterday afternoon was great but you got to take advantage and what I'm getting at here is that you could see both Neil and I trading here you got to take advantage when the moves are here because sometimes the moves completely stop on you and then they'll either barcode or you'll get stopped out um you know you've seen two basically different styles here with Neil and I today and it's just a matter of figuring out like see like I'm getting some out now as we just drop into the bottom like I just watched as I started talking and video was 12670 it just dropped into 126 flat there so we just made right there 50 Cents by getting out of that trade and now we say all right we just got a piece out now we actually back into that 15% or so level of trade right um we take advantage of Tesla dropping in we weren't certain so we get some out at vwap then we get the 50 period moving average and then we get the hot dog cannons right now because this name is $7 now in the money and going lower and as we mentioned there that's that 210 break giving you all the way down to 208 and change so about a dollar or so worth of risk down in there to $2 but that's a tough trade it got to 21150 right so about a buck 50 so that's why I didn't take the trade guys I already saw saw it we saw the momentum kind of dying down here bouncing around a little bit um so yeah we're not we're not in love with that trade but we are in love with this action here today and being biased to the short and cashing out I feel like now we could almost flip long um right now so that's why we've empted higher lows me yeah mea was weak yesterday for sure um let's just have a look where are we going to get out of Tesla is really the question um 20950 maybe I like to try to watch these 50 period moving averages but that's all way back at 211 so H things that make you go H what to do with these Futures right now Google's holding vwap meta is making higher lows Apple's trying to run the top again so there are strong names yeah I'm just going to double check my trail here because if we're making if we're making some kind of a bottom on this I do want to at least try to respect uh the lows that you're trying to put in here it's 208 I'm still going to sit at 209 I don't think there's any reason to change it just yet uh Intel man if this gets back above like it just did a okay let me just get on the bit first and explain why later uh so it just did this candle underneath so broke the low you have that topping or bottoming tail candle there so it looks like we are heading back into the upside a little bit uh here so it's looking pretty strong overall got to find something that we like to the long side and I'm not really again we didn't have a lot of long ideas uh here in today they just weren't a heck of a lot of them I'm going to get more out of until I'm not reloading unless it fails vwap at 20 5 uh Micron that's still well underneath $100 that's not setting up for long maybe smci I don't want to be long smci today all right we're just going to have to be patient for this because the way this Market is going we're about to test those highs and uh if we get up there you're going to be put to the test on some of the weaker names it feels a little bit better smci there's just no way even with that vshape that I'm punching I don't want Longs on smci at 545 if anything I was thinking fade off of 550 and uh let's be patient as it tries to get there cuz I think it really does want to get there even Nvidia wants to try to go green uh sorry it's already green wants to try to break the highs so if that's going to happen it's just uh take some out I was able to just punch out of some Intel there and if we can roll into this one back underneath vwap it's still relatively weak Tesla's still trending to the downside I think those two work if you like shorts you got to be a bit careful with this if it's still trending down good if it's not find along like what's Nike doing should probably double check on some of the other stronger names no Nike's relatively weak in here yeah going to have to hunt for some long ideas 100% yeah that's why I was saying I time to flip over to the long we a problem when you don't have any long ideas like yeah um I have a couple we're going to we'll talk about those in a second uh right now though we did get out of the tqq so let's have a quick look um at that one breaking above the 200 period moving average and really not not getting below we had talked about remember when I was like oh man this Market is not tanking but the names are you know like we had we still have $7 in the money on Tesla that's at the lows pretty much you know so I mean that one's still working we did have a stop on Tesla 209 um right now to capture that 650 if that hits great but Tesla's still trying to go lower now so again the market breaking higher Tesla going lower so that's um definitely something to look at right there we talked about uh looking for some potential Longs so the the only the the name that I was looking at right here that just broke 166 was Google Google keeps on bouncing off of 16560 although it is still the same as the market it's just you you know you're getting this good base and then breaking the high of the day right now so it looks like Google may want to get back up I mean we've talked about this level a couple times 164 165 looks like it holds it there today but still this kind of reminds me of Apple like it's still just so choppy I don't know if we want to be in the wow uh Tesla is still tanking um I don't know if what name Tesla is deadsville yeah Tesla's no when the Market's making highs and a stock is making lows that's the hint wow and it's not a very subtle hint at all uh but Tesla's looking pretty bad so okay uh just quickly over here AMD does not want to get to 152 I looked over I saw Apple at the highs that was a fail at that level should have had it every single day but today's the only day we had the short into Apple uh Nvidia got to the high of close to the high of 127.5 when it got there it was still lower highs on AMD so lower high on AMD when Nvidia was trying to press its actual high so it went back over and shorted that lower high vwob sits at 150 a half gets some out in front of vwob gets him out in front of 150 and then see if we can't work it to the down so Tesla's now okay so Tesla just keeps adjusting the goal post it just broke 08 I think we're headed to 05 it's that simple I'm going to be on the bid at ' 05 cuz if I go to the bathroom or something like that don't want to miss it but I just keep moving the trail it was at 10 after the 11 short it was at 9es it's now going to be at 8s um with the market trying to break higher I do want to respect the fact that Tesla is likely to make some kind of a capitulation bottom and if it does so I want to make sure that I'm able to get out so I just keep on moving the trail manually I don't use um I don't use like percentage trailing stops or anything like that manual stops for me uh yeah good trade there on Tesla we're going to look for similar levels I mean if that hits that 205 and it's $10 I mean it it again it doesn't have to be based it shouldn't be based um on that you got to base your trades well there is like there is a level down yeah I know that's why I like that level I was I'm just mentioning the $10 because um it would be a big trade obviously and I know that's what you guys are here for um and that's been good so far so we'll we'll just continue to put up hopefully some numbers here um I still have that 209 like I'd like i' like it to get even more aggressive but uh it is making those moves down in we talked about you you mentioned Nike a little bit let me look at what that's doing here nothing okay uh absolutely nothing uh on that one this is just a lot of money here I just don't know if I want to get out of this name this is not like options Trad or anything like that like we've already got the move down in oh you're talking about PA yeah I'm just no no no I'm talking about right now this is a monster winner here for Tesla and it's sitting on a lot of cash in the in the account right now that you guys are witnessing um and I I just in in the long term I'm long this name but you know my recent buy was 170 something 178 something like that uh but anyways Tesla right now I don't know this has just been a been a good one I don't want to get too too greedy with it I'm wondering about maybe change this to 208 but we just keep on falling down I don't need this thing to Wick up and then stops me out but you only get stopped out on orders you put in um and I just hesitant to do that because I wonder exactly how big this trade it's already huge we're we're $8 now in the money I'm not even going to I'm going to save you guys the exercise of hitting that thing eight times oh we got hit it once uh it's eight now and going lower um as we speak and then also our Nvidia trade we could have reloaded it but we are getting nervous on that push back up I was actually thinking about looking for some long ideas we talked about Google there potentially being long but Netflix is wow okay okay uh Netflix is up on the day right now but that name is the spread is too good for that I I don't really too big for that I don't really like that apple is another name that's up on the day here against the red market so this could be one that you look for Longs if it does pull back at the day's high as the NASDAQ pulls back in and wow there it goes man $9 now um on Tesla and still falling and a dollar on Nvidia so right now man we're sitting in $10 in the money live trading for you guys so we're $10 in the money live trading I hope that you um have been watching some of this as I I just wish I had a little bit better Diamond hands but we'll hold on to this one for a minute we're still making a lot on this last piece but you know could always have more we have about 20% of Tesla left yeah the market is starting to turn a little bit here time to re anything that's worth a Reload I'm trying to reload that's going to be vwap here sorry I was just looking it Le Auto I'm not Le Auto is a nothing burger no that'll be vwap in here off Intel to 20 5 that'll be in play I was just messaging Shar about Le Auto and how it actually doesn't look that bad for a breakout at some point at 22s AMD I don't know like now that it's starting to hold vwap the initial short tried the reload underneath that broke Live Updates on Trades vwap the first time I just trailed out a Tesla at 208 so that was a spike to the upside let's go over to Tesla here that was obviously yeah that was this is why I've had the trail the entire time every time it bounces off and even I kind of give it to the next level if we see 210 again I want to reload the trade so this is one where for myself breakdown trade not great first short underneath 210 second short underneath 210 again scalping out but then taking the hit when it breaks back out and then twice at the 211 level so all in all one two three four trades on Tesla for the short down here and one worked out of four to be green on Tesla that's my style of trading I'd rather take L's which are a fraction of when I win on the trade that way at least if it doesn't work for me I'm not going to sit here and blow up my day on anything like like nothing's going to compare for me to meta yesterday at all in either Direction that's just one of those mornings because the best idea for a breakdown trade is not going to end up working out until you had that big move off the 211 that's why I said when it broke 210 back upside let's wait for 211 the next play is very simply short off the previous low so let's either breakdown trade short off the previous low took each of them twice uh that's my plan AMD AMD is going to manage to hold underneath this 152 so as long as that's true I want to look for the trend shorts that's either off the top off the lower high or short underneath vwap again have a plan of action I might work back into this one underneath that uh vwap as we're about to get underneath let's go back over to Adera we've got the small cap recap haven't looked at a single one nice little double bottom here forming on the iwm the Russell 2000 despite those lower highs trying to push up higher here off this level so could be an interesting level here that 218 for the Russell going forward today not a ton of small capat mover here today one of them one of the stronger ones is going to be box International VXX this one up over 70% right now initially moving higher here after announcing strategic alternative discussions including potential sale of the company or some of its segments then we got a filing here from showing that genx which is interested in the company as early as May 31st has now purchased over 3 million shares average price of $5 a share so VXX pretty strong here on the day another one here is a small cap earnings name Hayden Celestial h a i n this one up here more than 30% definitely uh still near highs of day here missed on sales here for Q4 but they beat on earnings per share and raised their guidance here for a fiscal 2025 last but not least Lumin technology is not necessarily a small cap definitely a smaller name here $6.6 billion market cap for Ln trying to recover here off the bottom after getting a short report from carale Capital guys payal ripping Lumen that was the other that was the other one yeah it's going to look like a bad idea but I also got out of Tesla there at 208 so I just went down to 20750 there smci is going to hit 550 oh smci is back is screaming to the you know the funny thing about this anytime there is a short seller report I promise well I shouldn't say I promise you this most of the time when it's a big company you got to look for the bounce it was um last year was block I forget the exact price on block but I remember we're all looking I when I say all I'm probably mostly talking about myself and Sean but there was a couple of other people on the floor I think we're looking at it too and there was this one bottom I think it was like $68 I could be wrong about that price and when it got there it was just zoomed to the upside cuz you know they're already short and there's going to be a good bounce play it just oh this is not even on my smci chart let we come to my chart for a second you know this is coming at some point and it actually bounced at $51 it just happened at 924 and then when it got to the open there was one dip back in 515 I'm not going to blindly short this thing if it breaks a fail break of 550 but that was the level I think if there's a curl here it would be a good spot to look for a reversal in the market if there's going to be one so I'm going to keep eyes on smci if it does start to fail to 550 I think that can be a play AMD still working to the downside uh what else oh yeah I was going to go to meta remember meta in 523 so it's still not there this is It's hard to get bullish I know the Market's technically trying to go green here today but it's hard to get bullish when meta failed 523 went down to 515 it's still the same range if it doesn't break out the top then why would I want to be long unless you're getting a really good dip by price it's really hard to punch long anything uh that's not setting up for a top top end break maybe alphabet can set up for that I'm going to keep eyes on SM if it curls I want to look to jump back into some shorts uh here it's just right now AMD off the 151 that's a lower high adjacent to the afternoon range I think you got an inside day for AMD but that's 1512 down to 149 so we'll play that range as long as it wants to give it to us Professor it wind up being $740 on Tesla so that's okay uh he's trying to hit the bangang button so we'll just do it for you uh right there so the professor coming back in getting ready for the 10 or the 11:00 Real Trading Campus Program programming where we talk about um uh educational things plays lessons so on and so forth plus live trading with both Dara and Sharif and today is money flow index so you need that cash flow uh coming through as well um so yeah we said that maybe that was a bad idea for Tesla but I guess not uh right now is it starting to go back up to the upside there there goes the Futures I mean this is why we are not short anything right now other than Nvidia small piece waiting to see um about another short into Nvidia uh I'm going to wait to see if we can get something in and around this price again in the 50s for NVIDIA in and around there so we'll wait to see if something does come in and then I want to stop out if we break through 128 I know I WR wrote down 128 but that would be now that is well well through any kind of a level now so you know the 50 period was there at 128 and right now it's uh well curved in and you do have some actionable levels here I was thinking about maybe even stopping out if we get anywhere near that 128 but I I could probably use that as a level so let's take a little bit more here in and around the 50s at now it's not there but at the high of the day if we're able to do it um and then we will go from there so um yeah the breakout continues and this is how as Neil was mentioning man this is what it's all about you know we don't want to hold anything um so you get hit and there it goes right back up to the upside breaks that level of basically 68 like we were talking about and now a huge huge I mean it's a nice upside move bringing the NASDAQ right back to Greensville ahead of Nvidia earnings so um we're short now we talked about this play we don't want to necessarily be in this until we get to 128 but I just feel like right now we are playing obviously we talk about this all the time with house money that doesn't really matter we're just trying to put in the best trades at the best levels we've already been up here once let's just see if it goes again um to be able to take a150 a120 on this with 50 cents worth of risk I'm going to roll the dice one more time here in case we get a push back in but remember Nvidia up one close to 1% right now while the market is clearly where we are so just be careful here uh as it's pulling back in and there it is Neil there's another one for us coming through there on Nvidia man okay we are reloaded and we'll just take their 30 cents and now let's see if it comes back in we take 20s off of that 50 short I think the short was 40 48s so 48 short there out 20s 30 quick cents and um now again we'll keep reloading it until it eventually breaks that 128 um we'll bid 127 and if we get that then we're pretty lucky yes sir and uh got to get on the bid to get lucky got to have the entry to get lucky got to have the idea to get lucky got to have a plan of action and a platform that you can trade it on and all of that is available this is my segue all of that is available at real trading the campus program is back everybody so if you are in Canada if you are interested in trading on a professional platform like we do every single day here at real trading then this one is going to be you trade real money Gain real experience it is a curated program for free market introduction learn this platform P pro8 built for Traders by Traders and also go into a simulator after that process get one-on-one coaching with some of the group that we got in back here fantastic group of people uh in the back office as well get that one-on-one coaching for about 4 weeks in the simulator then you get to do what everyone wants to do which is go live trade real money in real profits you're still going to get coaching that oneon-one you do trade eight minimum 16 hours a week it is available to be part-time you can have that side gig as I always say which can be really important in trading because not everyone makes it in trading at the end of the program you have the opportunity to become a profit a funded Trader that is the key that is the goal but you got to put that time and effort in if you're interested in trading you have a passion for it if you are in Canada to me this is is the program for you A lot of people are going to charge for stuff like this this is a free program all you got to put in is your time and your effort so scan the QR code below check out the link in the description of this video if you're interested in the campus program get those in there and then you can find Opportunities like I mean smci had news today look what happened we're waiting for 550 on smci want to look to reload if we Wick that 550 well I'm not not reloading smci cuz I didn't trade smci um reload AMD because I trading AMD so AMD that high lower high every time I don't know why you always say AMD that way Shar AMD trying to press back into vwap if we get a break of vwap 150 is held 149 is held want to respect both of those levels I also want to get back at I don't want to get back at the stock but I want to get back into the trend short on Intel as long as it's not pressing the highs and putting in lower highs when the Market's strong I got Market at Tops This making lower highs just want to have it level off ideally under vwap that' be the ideal proposition and I don't think I don't think Tesla's off the hook the flat bottom break was 210 remember meta at this time yesterday meta broke that 523 okay maybe it wasn't exactly this time it was closer to 11:00 but whatever it retested all the way back into that Discussion on the DXY and Economic Data 23 and gave you pullbacks again not as big as the initial but it gave you those pullbacks so if Tesla wants to do something similar back into that 210 which is a flat bottom break it's still trending down if we press back into 210 I don't see why that still wouldn't be a short it's also close to vwap so if you like vwap trading good if you like support and resistance good it was a big level before so if we get back into here on Tesla I think it's worth another shot down 2% into a now up Market clearly it's a relatively weak name I don't have to tell anybody that they should know uh yes sir so 10:30 right now we've just gotten more out of Nvidia I mean Nvidia came into 127 there so we're still holding half of that reloaded position on nvda as the market starting to get a little spicy again with some volume starting to pick up it feels like as the NASDAQ now taking out Day High um one more time as we came into this pre-market level and there it is right there right back in to those highs goes um NASDAQ so wow big time movement the one trade that we don't I mean first of all we've been really great with Nvidia Nvidia short has really really paid um so far today we looked at Alibaba short today we talked about that but it never gave us a better price than the open so that's tough to take right so all right Dallas fed going now but we have crypto and crypto is getting kicked as well uh to the downside right now 62 was up to 6465 the last couple days let's go find out with Adera exactly what up with that didn't you say this discrepancy between Bitcoin and ethereum in flows and outflows here with regards to these ETFs Bitcoin ETFs as mentioned here in this desk earlier today $22 million in inflows yesterday 224 of which came coming for the ibit ETF so inflows are those actually outweighing the outlow and some of these other names so that's certainly um of note here ETFs though for the ethereum side continuing to have some outflows 13 million yesterday and a total since they've uh debuted here pretty significant as well uh total net outflows in the just over a month since we've gotten those ethereum ETF now reaching 477886700 level a level that you can certainly find some interaction with here on this daily chart as both support and resistance as recently as early August of this year also though worth noting this is also a level analyst time particularly interesting so we'll have to see if Bitcoin can hold the key $62,000 mark right now still down about 2% ethereum a little bit weaker Holding On by a hair to the 6 uh $2,600 level sorry still down about 4% couple names that are slightly positive on the day usdc Ripple generally though a lot of significant weakness with cardono Tron Dogecoin all down at least 1% today guys okay thank you Adera for all that crypto update um all right Nvidia still trying to bounce around we're not doing a whole heck of a lot I think that was a good call at 210 we could see if Tesla can get back up there or not it is trying uh did want to look pal Ander I think is trying too uh oh paler is trying paler has succeeded uh right now we did look at a 31 short but remember everything has changed now so like you can almost it's 10:30 right the trade ideas that hit early have already hit you know we'll we'll be 20 times here holding up this trophy on two trades really and viid and Tesla so I mean it is what it is for now you got to sort of slow down but I do want to look at level here I mean Palante tier 311 right now we're going to have to wait to see maybe that's the top but tidd's oh how how they have turned um straight up now taking out day high I'm actually now waiting for pullbacks to get long so I'm flipping the script on my own notes here and thinking about a 3080 back in into vop into the 50 period moving average right now and trying to put some damage back on Longs uh right now to find a good long I mean there goes the market remember we are a day away only a day away oh no here we go uh Nvidia coming back upside so again couple I mean look at these outs boom boom these are the reloads and those are the outs so right now we'll takeing out at 127 we just missed this High we're waiting at 80 so if this can get into the 80s we're not even waiting at 80 we're waiting at 83 84 if it can get up into that level we want to give ourselves that 20 or 30 Cent chance or or risk opportunity to Resort it against 128 feel like it's going to break 128 and then do a dance um and if that does happen I want to give myself like 20 cents worth of room so which is why I'm not reloading this right here right now because I'll get out at 12830 um and I short rate now which I already am but I've already taken this trade out then that ratio doesn't work for me so let's wait to see what happens that was a good reload spot if you weren't in it but I already am so let's just hold out on this trade for now and see if we can't get a little bit of a further push down and then think about reloading some of these stronger Longs like an apple um or meta broke lower again no no no meta broke $523 the big level from yesterday and meta broke it to the upside uh before I get to meta I have to mention Micron was 100 yesterday the afternoon bottom and this a legitimate one in here was like 98 change look at the look at the Wicks on this chart here as the Market's breaking higher like the amount of times it's been testing 98 I just came on over to and tried to go short and it's already going to be at vwap so I didn't want to chase it too far cuz the risk was going to be to the high so I was looking at 30 cents risk there vwap sitting at 60 so I wanted it in the '90s 98 90s or 97 90s which we still get could get picked up so I want to be short this name it's a false break it's under 100 it's still relatively weak but meta as we're looking for the next trade that broke 523 so if it if it holds Trend to the upside and just wants to keep going I I'd want to respect this one as a long one the fact that it came all the way back pretty good AMD never got to its High when the rest of the chip names did so that's back underneath I did not get a relow cuz I thought we'd actually get to that high so we're just going to hang on to the 21s that we have about 70 cents in the money but it's Micron that I'm going to like if we can pick this up in front of this clear top like is clear as day 98 and change on Micron looking like a weak one in there uh lasell saying please look at Costco well if you're going to say please that's where my family is yeah oh you right now I'm ask are you guys at Costco yet yeah well maybe they bought a bunch of stuff and caused it to just go up $8 in the last couple of minutes but uh yeah Costco is having a good day up two points here here comes the highs again because Costco only goes up uh now was it 927 or so looks like it's that uh alltime High wow Costco this is screaming I haven't heard anything in my ear for a while and I don't know that there's anything specific going on on Costco could just be good stock goes higher sorry uh for Costco but yeah screaming to the upside great look uh that's looking absolutely fantastic I don't have a story on this uh but the story could just be that it's good yeah it's great um so we are short meta because of that 523 where short rate here at 70s it just went down into the teens like we are 60 cents in the money but I'm waiting at 522 so I'm waiting basically at 522 flat to see if it wants to break that the real level see that's the level that it just went into like we took the short and then it collapsed almost as soon as we had that short down to 52215 so look at the spread the spread is 50 so 883s and 36s so you got to sit on the bid and hope that you get a little whoosh like right there it was just 36 now it's 14s so you got to hope to get picked up right here right now uh so if we can break through 522 let's take a piece out and then start to work down into the bottom we I mean this was a monster trade yesterday for us five or $6 doar and p&l number one as we just talked about um right there for both of us so we'll have to wait to see what happens with meta coming in right now sitting on the bid at five come on at 522 Flats so let's see if that okay one more see now I'm thinking about Crossing this Gap and trying to fill in this uh right now to get a piece because honestly right now we're 70 cents in the money but you're only in the money if you get filled so the spread right now is 20 cents um as we go so let's wait here we go 522 come on come on come on come on one more push down and we'll get this let's be patient and wait for it hey if we can put another 70 cents on the board man um in two minutes then I feel like that would be well advised so here we go come on meta one more braak break lower it's ston terrific today and it's over to the desk to Adera this part of the show is brought to you by st.com want a chance to win $1,000 every day st.com is giving out $1,000 daily and entering is super easy predict the stock price after the earnings report today we're looking at box all it takes is 30 seconds to join just go to st.com sign up and hit the make prediction button and po ually win $11,000 it's that simple each day you get one free ticket to predict want more chances share your referral link and get five extra tickets for each sign up go to st.com don't miss out and good luck terms of the sector board here we can see the slight positivity on the NASDAQ and and the SP 500 reflected pretty clearly a little bit of green here in consumer services Commercial Services Finance pretty green here electronic technology Nvidia curling back up your head its earnings we had a slight price Target increase today from 140 to 145 by truest ahead of that report so some of these other semiconductors including txn and qcom following suit here in terms of weakness we have energy minerals consumer durables producer manufacturing Health technology actually a little bit more mixed to red as is retail trade but worth noting here in both of those sectors as well as technology Services quite a few expensive names on watch we have Eli Lily up more than 1% one of the strongest names in the sector now in health technology with regards to its single dose Zep bound treatments now available on their website we also have C Costco one of the shining stars here at retail trade above $900 for the first time and Netflix nflx here in technology services this one up almost 2% getting a price Target increase from evercore isi so some of these more expensive names definitely ruling the roost today guys ruling the roost because that's one always wants to rule the roost as a supposed to like what else do you do with the roost I have no idea uh there but uh so a couple of things as as a darl was so eloquently going over how much of a beast Costco and some of these other names in the market are Costco being a beast I don't think it needs a reason it's just doing its own thing uh mikron came back in uh got I did eventually get filled at 98 but the buyers are starting to come in and vwap I want to point this out made that bottom this is a bit of a trend line if it loses the trend line then I think there can be an Exel acceleration down and I'd look for shorts th view up until then I want to short at that top and the reason I say trend lines is because I got it front end the first now this is going to be gone let's do that okay so there is the upper Trend we short it off a level first on Apple then we wait for it to break a trend line it just tried to break the I mean it just attempted to break the trend in here and it kind of did if it makes a new Fresh High out this is more of the if it's going to be a reversion trade a allow it to get to a point it broke out the top here higher lows all the way through once it breaks down put the offer in underneath and then give it to the high so again another setup on Apple Apple hasn't worked so far AMD still working underneath 150 and a half underneath vwa no change there so the new trades are back in apple although a different setup it's the trend break I agree with and then give it to the high of the day the market wants to try to retest those highs still want to look at some relatively weak names if we can but and but again if this holds Tren on Micron It's relatively weak but it is until it isn't at some point it's making higher lows and holding VW it's underneath resistance but this does seem to want to break out these highs it's really just Tesla that's the the absolute dog and I don't wonder if we're not going to get that 210 Adera be aware of this story coming out here on Intel Inc being reported by Reuters and circulating a little bit on social media as well as we know last week it was reported here through a filing that Lit bhan who is also the executive chairman of K design here actually resigning from the Intel board now we have Reuters reporting that this resignation had to do with some disagreements with regards to Intel's AI strategy and Revival plan specifically regarding the workforce size and how it approached contract chip manufacturing this is also interesting because initially it was stated that uh lip bhan resigned from the board due to some issues with his schedule and not having enough time so this is an interesting report here from Reuters on INTC guys there for that I mean we're always uh ear to the ground on anything Inc related because you never know uh where it's going but for us we're trading Nvidia right now our stop out is going to be a break upside of 25 so 12825 we talked about this already guys like we wanted the 128 short it's what we wrote on here it's just we didn't want to get short until 128 so we're pretty good 12780 if it breaks upside we will punch out on Nvidia and call it a day because we had said I mean it's so funny cuz we said a while ago that we were looking for Longs and and we should have just not been as stubborn and actually just went long on a name that was the strongest of the bunch um here goes Nvidia it's in meme mode right now like once it gets going like there's see there's like no stopping there it goes there I'm out there's no stopping any of these levels right now when this winds up happening so there we go we have to slap it fill and flush it down the toilet there on Nvidia I mean it just ripped up keeps on going I'm guessing this 128 now looks like a as the market starts to break out higher and we really bounced off the 200 and on vwap there so Nvidia pretty clean too bad we just got I'd hate for that to be the top but it's just bouncing around right now I feel long on this name to be honest with you but um I'd rather have it at the 50 which is 127 we've had these feels about Nvidia before then we wind up getting chopped up trading it so we took our shot there on the short and no work out but meta right now is trying to work out we just got stopped again at 52203 we're at 52201 and being stubborn with it um nvidia's meme mode so we'll stay away from that one until it settles down hopefully we can watch it and be able to catch um that push stopping so I don't know I mean your level I'm now out of AMD because it trailed out AMD making higher lows as well uh it's also making lower Highs but I can't ignore the fact it's making higher lows I threw a trailing stop in I'm I I don't take my eyes off Nvidia when this is happening so if I just trailed out when when Nvidia took 128 and maybe it's not going to be that kind of a relationship today I might work back into this but my whole notion was tighten up to stop because the market made a fresh high and nid started to break out there and on sympathy yeah now it's starting to come back in I'll look for a re-entry but I don't want to force it on AMD cuz it's not up at that top Micron still holding vwap I tried to grab the 98s again but it just yeah no fail like it Wicked 98 got to 9804 I'm like okay we'll just go when it Go wicks 9804 try to get back in at that 98 level but no fill for me on Micron you know sometimes you look over and I like using AMD and Nvidia at key levels together probably the wrong decision it turns out to trail out of AMD for a smaller winner when Nvidia was taken out that top cuz this could be the curl apple is binary if it breaks the trend if it breaks the high I'm out if it pulls back into vwap I'm taking my profit and I did want to go over there was a one more name that I wanted to go back over uh and that was going to be Cava like at some point at some point just going to start buying the dips on Cava when there are dips to be had Cava right into 114 which you could probably guess was the pre-market lows and it's at the high of the day Cava is the stock is just undefeated and if you uh if you're not buying tips on this you're just essentially failing uh so shout out to anybody that caught this one there was some Insider was the reason why it was down as much like the bottom right into the lows and just a clean bounce and the Market's bouncing as well but you know it's not just Costco that's looking relatively strong so we're still in apple that's just that Trend which hopefully again if it breaks a fresh High I'm out that's been the case every single time been short it short to here there's the out short to here give it to that out it then broke a trend line so we got into the short off of the trend line which is now gone again so that's here these higher lows after it broke this High higher low higher low higher low I got a bid in front of each significant level so this previous level 22760 then we have the 227 yesterday's highs then we have vwap incoming so this is a trend reversal trade we're just looking for some mean reversion on Apple give me the fill I'm on the bid literally here 5 cents below just give me the fill I'm leaving it you're going to give me the fill oh boy um Nvidia you can honestly go straight to hell uh because we got stopped out on the top there but we rested it um we looked at our sticky note and was like 128 short uh we gave it 25 cents we saw it Go meme crazy I was as that was happening and that's going now again right now it it's when it starts to go down and then basically stops and then just goes thank you thank you thank you like what it's doing now thank you thank you thank you see like just boom Future's doing nothing and this do gets bought right back up so that was a good out for us down there at 85 we also put the damage on the board with Micron right there man we went right back into it we had talked about that short I know Neil's got it as well but boom goes a dynamite right there on Micron right back in man now putting 30 cents on that board uh top that's 200 back down to the to vop we take that ear day 9720 coming back in for micron let's put a bid there as well if we can get that on mu so hopefully that will come in let's put a bid what did I say 9730 is let's put a bid there see if we do get that fil man all is well right there and for meta see you right now now we'll see what meta wants to do it's got a dollar on the bid right now we get filled on the bid it joins the Dollar Club again we have a brand new member so let's wait to see now what happens with meta it breaks that 522 area that you guys knew we were bidding I mean we talked about it need to get run over that field just comes in so that's going to be a good trade so far for us if we can get a bid down here man at 5 20 feel like that's going to be our next area so let's exactly do that one we are also waiting and I don't know if it's going to work we just took a short I mean nvidia's bouncing back up so couple good outs there um Palante tier right now 31 15 basically day high if it breaks above that um we may just give it to 20s or so but my next fill is going to be at 08 uh for paler kind of like just that little top right there hopefully we can get that fill and then watch watch it bleed back down a little bit as I'm just play this is just a retracement play like I just feel like the market right here is bouncy at the top let's see if we do get a little bit of a fade back in hence the short on paler hence the short on Micron and the reload of a failed short on Nvidia so let's wait to see here um if it does print down in we actually got I think that's actually an 80 fill um on Nvidia just quickly I I'll tell you what that was 883s yeah so that was an 83 fill there on n Nidia I feel like the 50 period is something to to look at but on options especially for tomorrow 12750 let's put a bid there on Nvidia as here it comes man and I'm not I don't want to apologize for anything because we got short there um and now it's coming back in we are almost at the highest spot we've been at all day why because Neil there it is it is now an official on the ask Dollar Club winner there for meta so again couple back to back to back to back jacks uh right now happening for us including hopefully Nvidia pulling back and you know what I'll take a bid now on Nvidia at 75 we'll see if that can play CU again another optionable uh area for that only 10 minutes left but it's a d on the ones and twos here is uh the dxy here trying to find a little bit of a bottom at this 100.6 area here on the uh the USD for the dxy uh definitely continuing to find a bit of a base here but we're slightly down on the day despite a bit of a wick higher nowhere near though that 101 level we did get a couple pieces of economic data in the earlier in the morning at 9:00 a.m. with some housing price data but the more interesting numbers coming at 10:00 a.m. got St consumer confidence for August higher than expected 103.3 vers estimates here of 100.9 and uh this revised number here of 100 101.9 so above expectations and the previous revised number here for CB cons super confidence we been manufactured in index on for August on the other hand actually getting the lowest print since 2020 coming in at -19 versus the estimate of4 in the prior print of -17 no more economic data to watch out for today that we are going to be getting an auction here at 1 p.m. that would be the 2-year note auction it's also worth noting we'll be getting the feds preferred inflation gauge the pce index here coming up on Friday on Thursday we'll be getting GDP data so definitely more interesting economic data that could be moving the dxy later down the week guys and moving as well in addition to uh the markets and uh the dollar is Tesla back through 210 back through vwap we had it did do a wick here to 210 while Sean was talking so I had it back underneath in this consolidation it was this 50 short into this level which is about the 3/4 but that blew that one right back through now it's testing vwap got to let it settle down either settle down under vwap and regain the short underneath the 210 or at the 210 level actually or get back up to that 211 area that we liked a lot earlier when the fail break didn't go it was that previous high at 210 or 211 that we liked mikon for now is relatively weak but I say for now because all bets could be off with the market again retesting some of those Highs but my eyeballs are on Tesla because Tesla's at vwap and it's a relatively strong name so there's another Wick it just failed vwap again last time it did this it had a brief consolidation before regaining the high I'd like to see it hold under vwap and then rever R verse apple I'm at 228 it's at 22796 97 uh there so it's still retesting that high but it's got to be Tesla I think for the next opportunity underneath vwap here sellers starting to come in back underneath that 210 that's what we're looking for uh Tesla is still not out of the woods yet when a stock is making lower highs the Market's making its highs I don't want to give up on it um this is exactly the kind of setup where if it fails vwob you can be back at the low of the day especially if the market decides it wants to retrace Tesla's still the weakest name that I've seen today Sharie often uh gives us credit for not letting stocks off the hooks I'm not going to let Nvidia off the hook here we wrote down 128 thank you for everybody in the chat they're like dude you have 128 markdown let's see if it does something so we just took some more profit there we we resorted 17s uh into that high and just took some profit out but I just want to tell you guys the market um has broken higher and we'd rather be short names when the Market's doing other things but this could be a level and um you know heading into earnings could see some profit taking I mean 128 is a fantastic level for NVIDIA right I mean if you're nervous about what's going to be happening tomorrow I mean you still have all day tomorrow and all day today really right left so um this might be a little early to talk like this but if you're nervous about what's coming for NVIDIA you're you're at like month highs right now I mean sure you're going to be a couple dollars off but what's what's a couple bucks so right now you're at month highs pretty much for NVIDIA you can go all the way way back I mean this this right here at before the split uh this is July so right here we just bounced off of July 23rd lows so nice move up I'm going to stay net short here until it breaks that 50 or so Mark uh we got stopped out once we've added back into it so Nvidia is going to be a fine name for us but we'll have to wait Micron I mean out of only 40% uh down there at vwob so that's going to be once again pretty good call to get out of some of that name as you get into vwap and what we're learning is when you're trading bigger Shar siiz man you can't be greedy you gotta once levels are there for you sure it's great to watch them break down and we have an absolutely and again we talked about the p&l here on Tesla we have an absolute monster trade here and that's because we were able to hold you know 30 40% in for these dramatic multiple dollar moves but if right now if you're just going to barcode back and fourth you may want to play like a vwap back into the 50 and be happy taking a dollar be happy scalping some outow for 50 cents right just work on your sort of management of ratios now because it's 1055 the Market's telling you that it I mean unless we get I don't know I mean we're at the highs so it looks like we're going to break out higher but unless we get some kind of news or whatever feel like Nvidia and some of these names may just continue to sort of grind a little bit higher into earnings so I'm going to sit on this see if we're right um for now and then just try to work in and out of some of these trades and hopefully be able to salvage um what has been again another really really good day so um yeah thank you thank you Sharie that's it's going to be backtack days here um that we've really been doing something special so um hope everybody enjoys the show Here Comes Nvidia hopefully back in uh lower we're bidding 60s so there's a good question in here JJJ just asked why didn't we touch smci no I wasn't looking I I actually thought it would be like a 10% down SSR bounce play and that my thought was if it opened 10% down look for the long cuz then it short sell restricted and the last time I traded it that was where the conditions which I traded it was a great long but it made it did it did this move like 3 minutes or 5 minutes before the open where it went 501 all the way into 530 like just a huge huge bounce play and at that point I didn't really have anything in terms of a trade plan it seems like it does want to Cur $556 is exactly where the stock was when it started looks like it wants to curl there but you're getting an opportunity to short names off the tops which you don't have to worry about the crazy spread like that where it can be part of an original plan like Tesla at a level that I already like and at vwap but I'd rather just do that like take a setup which is more along the plan absolutely smci if it had open 10% down after 930 was going to be part of the trading plan it's not often you get a stock that big that's going to be SSR so usually I I would want to take a shot at it it just happened to run at like 9:24 or so and it just didn't look back and I didn't want to chase that move know in hindsight these short seller reports tend to do this as I said before so you're looking for the long could have looked a little more aggressively I I guess but that's about all I could say so Tesla vwap uh Micron 98 it keeps on getting to so usually before it was getting to 98 breaking 98 then coming back under now it's getting to 98 not breaking 98 and coming back under so the reload might finally be underneath that level as opposed to at it or above it I still think this one is relatively weak it's down 1% I know it's above vwap but it's underneath this level from the afternoon and just look at it hold failure to break failure to break over and over again so vwap Tesla this still same trend on Apple if it breaks the high we got to let it fly and there was something else that I was forgetting about it was crypto all right yeah yeah I knew there was something that we kind of didn't talk about um yeah I mean I liked Mara if we got to 19 that said it just got to $18 and pull back so this was a huge reversal at 18 yesterday for a long today it's looking like a reversal in the other direction the Market's trying to press higher bitcoin's not doing a heck of a lot that's good and this can't seem to break out above 18 the market is trying to go higher here so Tesla just broke out they just jumped out of Tesla in front of op that one's trying to go apple is I got one fill on Apple for take profit and now this wants to take out the high so a couple of cents and then I'm going to get triggered on Apple as well looks like the market does want to grab those highs that's the first time I actually got a profit taker on Apple but it still wants to take out those highs so the Short's not going to be right here and then Micron has not okay micron's still at 98 I'm short at 98 sorry 9795 so micron's trying to go Apple hasn't really Wick ped that at 30 once it does I'm going to be out of that trade and it'll be just left down to Micron for myself on the short side with 10 seconds to go apparently the board has already switched over all right you guys asked for it today it should be a good one it's going to be I think it's going to be a good one for everybody no AA has nothing nothing to do with spice the Market's taking out the highs that's what's happening Montreal spiced all beef burger with jalapeno havarti lettuce tomato Chipotle aoli served on a sesame seed bun alongside of potato wedges so uh not too bad so that's going to be a burger today and that for me for lunch is a hot dog winner um right there but nvidia's breaking higher everything breaking higher right now so watch out we're short into paler Micron and meta but uh Nvidia did break higher so let's go over to the midday Madness it's Shar it's Adera get him that's a big move up in the market what is up