PPI Report following a Bull Rampage

e love n [Music] what is up boys and girls ladies and gentlemen day trailers Cloud swing TRS hope you guys are doing absolutely fantastic we got Albert good morning to you Cheryl good morning we got Corey Diane good morning Jeff Jennifer Joe JT good morning to Lauren l in the house good morning to you we got Marius Martina Mike Mike is Peter Tim all my people out in YouTube land make sure you guys hit that like And subscribe button and uh let's take a look at uh this chart from yes oh my goodness almost fell off my chair almost just fell off my chair looking at it uh crazy crazy uh let's I think even just to put this in perspective we did nothing but drop all day we did nothing but drop all day in the morning up until probably 10:50 in the morning just straight on a FIV minute chart the first time we see saw a green can I guess we got one little highwave highwave indecision somewhere that came in around 940 and then just it looked like it was going to be rough um yeah so we didn't we didn't we were even saying we're like hey 2024 seems like the the year of the vshape like I don't know we were also kind of lining up with if we're going back to where we were I think we even like mentioned this briefly we're like you know what it's not really a bad just in terms of risk reward you have some clear levels down here of like hey I want to take a stab somewhere down here bullish but everything we were even breaking uh that Friday's VPO we were breaking everything I was like maybe we get down to like 5:38 but if we start breaking Friday's candle I can't imagine we're going to be that strong for the rest of the day so just throwing out a maybe a bullish order somewhere or just buying some I think we even said like zero day I almost did it too I I chickened out but I was like it looks so gross but at the same time risk reward if you're wrong you're wrong and you just take a loss if you're right you could uh win pretty decently so we were talking about that yesterday we're like yeah what if uh I mean what if this ends up turning into a a v-shaped recovery and I was absolutely wrong absolutely wrong we didn't have the V we we just had the Nike Swoosh we just went swoosh but uh yeah pretty crazy and then after hours nothing really crazy happened makes sense but the fact that we didn't really sell too much shows me there's still a little bit of strength if I'm uh breaking down where at least on a small time frame including extended hours I have yesterday's VPO so if we come in for a retest watch this 554 60 Zone see if see if we get some kind of Bounce there on a five minute I got my 100 EMA right into that zone two let's take a look at the daily uh where's the VPO on The Daily we have VPO a little bit further when you take off the extended hours that's going to take us down to 5526 so unfortunately we can make it all the way back down to 5 5268 and it all still could be a retest interesting where we closed though so or where we got rejected right in this 5 5549 very very strong area L says I did but chicken out premium when 298 to 1253 per contract had 10 uh uh you wait hold on L says I did but the chicken out premium so you did pick up the contracts at 298 and then you sold it at 12 or you just watched it oh that's a good move that's a good move 10 contracts on that that's a uh a lovely little day yeah that's not bad but uh yeah we have uh big resistance that we're opening in front of today oh you sold at 330 oh okay you didn't you didn't hang in there for the roller coaster I got you got you got you got you well I don't know I don't know why you wouldn't assume we would just rip like not rip higher all day and not pull back at all I mean that's pretty obvious I would I would take a stab that we just do nothing but sell off and then rip to new all-time highs almost that's obvious not good win good win good win good win but you got spy um this is the spot I'm going to watch so if we can start breaking Above This 555 50 we probably continue to Rally we do have the PPI numbers out there they're essentially in line but so was CPI was like CPI wasn't that crazy the market was crazy but nothing else but yeah uh I would assume and this is this is always safe to do in the market just assume everything I would assume we could get a little pullback opening right below this resistance providing we don't just Gap up in the next 23 minutes and we're above this then I got my next Target if we get through this zone right now next Target for me would land us somewhere around 5589 so we do have some more room higher this is definitely a big level that we're at though and then to the downside the first spot I got to look for 552 2 74 the next one after that if it breaks down uh 551 51 we also have the 20 right there as well so and then uh after we go through all these levels just throw like write them down write them down and then just take that paper throw in the garbage because the Mark is going to do whatever whatever it's going to want to do and none of these levels seem to be we just we break through every level at this point but uh Q same thing nice little push on the q's um I I don't want to be this guy I don't want to be this guy but I might have to um this this candle that we put on spy and q's will be your candles uh for those if we break down situations I think if we break down on the qes if we break down on the Spy we start coming lower which unfortunately is a long time away until we get to that like this is a big range we were down a on the Spy we were down 1.3% that's a big move closing up 1% for the day is Wild is wild but I would assume and we'll probably have a little inkling prior that okay we're getting a little bit weak maybe even under the opening price you're looking to get some puts or something like that otherwise what I would imagine would happen just with and it was two days in a row we we did this two days in a row I think even at the like the first 15 minutes to day I'm like are we doing the same thing we did yesterday we sell off a little bit and then we just rally and I was I mean we we had a good rally two days ago not not like the one we did yesterday though but um the Bulls are buying dip still they're not out of the picture yet and maybe only once we get to the actual rate cut does that happen Peter says just a side note from Europe our Central Bank ECB has today announced a rate cut of 0.25 all right yep so ECB cutting a little bit I think Canada cut like a month ago so Canada cut a month ago we're just the the last ones kind of hanging in there and my my guess would be after we cut then everywhere else starts to get even more aggressive on their cuts a little bit but Q's look good still at the higher end range we didn't really give anything back yet so we'll see um Q's actually have a little bit more room to go I think um I got one level over here maybe holds us back it's not not really that important of a level but 46978 and then we start getting into I I think a little bit higher 471 58 and a bigger Target would be 47452 to the downside you really want support somewhere around 46709 somewhere in that range I'll even go 466887 give it a little extra little extra room on it if we start breaking that down then okay maybe we come back and we have kind of a reversal candle and why not why not keep us guessing into Friday so we'll see all right let's see let's see let's see we got Apple we got Nvidia let me know if you guys got other tickers that you want to see I see a few more on the list as well AAP Leonard says still real virtual demands he don't even have to say it you don't have to say this just G to be Bitcoin it just going to be Bitcoin why do I feel like your position in Bitcoin is massive I don't know I don't know suspicions my Spidey sens is tingling um Apple I don't know we have this 20 EMA right in front of us I'm starting to see the Apple iPhone 16 commercials and uh I don't know if you guys noticed but it's the same commercial for the iPhone 12 they didn't even change the commercial at this point it's the same thing so if we have a little bit of retest we're opening at the 20 I would think we could get a little pullback on this one maybe look to hold this 220 261 that's the first spot I don't really even have a great risk reward on that one I I'll show you where we do have really good risk reward but uh we got to use our Peter Pan imaginary brains for a second um but otherwise it's 22161 that could be level so if we get any type of pullback right getting rejected at that 20 immediately fine um a better spot to get in 221 82 if we start to break down but that I think if we hit that level we might be in for more of a chop day unless we hit that level and vshape recovery and do Nike swo right out of there again uh either or my targets to the higher side 22365 so even if I'm waiting for that little tiny pullback on this one at 22365 is not going to give me a huge move where it becomes a huge move is if we start breaking above that so if you think this level could break and it's possible we have strength in the market we we've had a big sell off already then I think the next target takes us to 22469 and then a big stretch Target would be 22629 so I don't know how strong some of this resistances this is also spots like this spot here is 22365 we've we've already retested this now once we got through it again twice so that's a breakable level and then that would take you up to the 22462 so I'm not opposed to it I would rather have the bigger kind of pullback just to get better risk reward on the trade but I do like it bullish in the question is just trying to figure out how to get into it uh but we'll get that one higher on the list if uh training view wants to do that that' be great there we go all right the other one was Nvidia Nvidia is right at the close we've been bouncing back and forth we were red about five minutes ago managed to go green again another resistance coming up on this one we have not messed with this one yet so I do think this is probably a stronger one this is 11879 still about $2 uh to the higher side which is interesting and then if we could break that I think the next level will take us to 22131 probably going to be an extremely important level we do have it's not quite a gap but we do have some room up into probably 12571 again pullbacks on this one uh we didn't re like we still kept out vac at the low of the day yesterday so that's not really that fantastic uh we could see a big back on Nvidia it's got It's got potential it's not really that much holding us in the way but maybe and and I I think with that move yesterday at some point you feel like you got to get some kind of retest but maybe we get some pop out of the gate and then we start to fade I don't I don't know how this one's going to play out but I will say at the end of today and I will be hosting the afternoon room today so we can take a look at it then as well but at the end of today as long as we could get out vac because this is not a this vpac is not horrible it's just at the low of the day and then we did break through a couple others not this one quite yet but if at the end of today we could get that VPO up somewhere above some of those moving averages that would that would put me in a direction that we're just going to fly continuously fly even more bullish from here um if we close anywhere underne some of those moving averages the VAC um I would still say we we're still leaning slightly bullish but I think it would be a little tougher so it has a lot of room to pull back before really any support comes in on this one um but this Market is incredibly the Bulls I don't know we still getting stimulus checks in the mail like how we we buy everything we buy it all we got to see banks have been uh tough but uh let's go to JP Morgan after this one too that's a good looking Hammerton goodl looking Hammer uh you got a lot more volume on the selloff day so this resistance is probably going to be strong so 5792 I would have to worry about you got that 200 right there otherwise swing trade perspective maybe got a five wave count here so maybe this is out one out two out three extended four five it kind of came down to a really good support on this one probably not the worst hammer in the world to try um what I the only thing I don't like is the volume on the day before that volume right there that gives that gives really out confirmation that we're actually going to flip bullish above that candle so we got to get above 60 and then we run into some moving averages too but a really good hammer for uh City grp let's check out JP Morgan real quick are they doing something [Music] similar they held this 200 like a champ $200 fairly good retest this one I think has a little bit more room in it uh for day trade purpose that could get you probably back into this 21239 range I'd probably want to see a little sell off on this one and then look for that support of 20568 to hold so the closer we could get in bullish to that maybe we could throw a stop low of the day and then JP Morgan we have a little bit more room on so if you're going Banking and um the hammer on city gives me a much better setup but the range is a little tighter uh let's see let's get JP Morgan over here we got AMD [Music] [Music] AMD uh so that one's down I mean incredible move yesterday $10 candle closed at strong resistance we are pulling back we're at one little level of support uh I think I'd want to see maybe at least a retest to 14688 again if we retest yesterday's VPO that would take us down to 14409 I don't I don't know that I want that because that's going to take us back below that opening price probably a little tougher for a bounce but maybe we get some kind of a pullback as we have some moving averages and I don't I don't know if we get here maybe that resistance is good but uh I would say anything above 147 you guys remember I've been saying two days ago I'm like or yesterday I said it I think the day before I said I was like if you were sitting up here you were looking for a good spot uh to try to get in yeah somewhere down here is not a bad entry to go along and then if you were one of those people that got in the question is where are you taking gains and I think somewhere up at this Zone at making $10 maybe you have a Target and this where IID probably throw my bullish Target for today probably about 15324 if we get up there but um maybe a little pullback first I I I would consider a little highwave candle out of the gate but we do have that 200 right where we closed yesterday as well so maybe a little bit more Chop on some of these and again after you have a big move like we did like it's okay normally for stocks to rest messes up as messes us up as day Traders but all right let me get to bitcoin before uh before uh real virtual theand writes me angry emails like I waited at least 20 minutes we did not check out Bitcoin uh Bitcoin not a bad Hammer from yesterday Hammer is highwave uh the resistance we had to get above is 57 624 so we did get above it depending on where today closes this could be a little bit of a bear trap otherwise for right now at least um we were able to kind of break out of that last resistance this could be a kind of a retest into it and then we we have the potential to do this so maybe bullish on it um as long as we stay above here uh you could probably go if you're if you're trading this one you could probably throw a stop in underneath the open for today so the open for today roughly 57 314 I I would be okay getting stopped out there and then trying again maybe if you want to go bullish somewhere back around 565 64 so if this is a breakout we're at that retest now Bitcoin could take off today and then I think you got a decent risk reward if it does Targets on bitcoin um I don't really see much up until probably 59 164 so about almost 2K higher all right uh let's see d but that was 10 minutes ago uh yeah this is running huh this is running uh how to play Southwest Airlines stock post Elliot induc board revamp is this a sympathy to uh Southwest today uh US Government reportedly plans to require Airlines to provide cash compensation for canceled it's about time they keep offer REM free snacks in the vending machine like here you go sorry you can't go to Europe to visit Peter but here's a Hershey bar you're like oh all right it's not bad uh that is quite the Gap though really good gap on this one I I mean I don't really see too much news on it unless I'm missing something let's check this AI price to earnings PE ratio of approximately seven that's low except it's uh an airline which not great uh increased airline travel so get good Gap up really good resistance this is a retest Gap I would almost look for this as a fade to be honest uh get that on there for a potential short we'll throw it right here I don't know where I'm going to take my gains 4606 is the first level maybe we come back to 4490 and then the stretch Target would be a full retracement back to 4420 but uh at that resistance providing that we don't break through 4692 I still like it as a retest to the short side soon as we start breaking through that I got targets to about 4837 but that is a uh monster move all right we got Meta Meta AKA Facebook AKA Instagram AKA WhatsApp AKA Lizard Man uh so we got a little retest Gap from yesterday see if we get a pullback I don't think I'm expecting a big one though uh first spot of a pullback 51511 maybe we get down to like 5441 and then last level I think for this retest that I'd want to see hold is 5146 so if we get a little pullback there I wouldn't mind trying this one bullish uh targets a little bit rough uh I would say 51825 we can get above that next level up is about 5983 um but I kind of like the price action on this one to be honest so small pullback maybe we get that highwave candle out of the gate and I'm I'm down I'll probably try that one bullish uh TSM Taiwan semiconductors major resistance up here uh strong candle volume has just been okay I guess the last big candle which we did get a close above is the candle from the September 3D so we did close above that um if you're going to try it bullish I would at least wait for a little pullback into 169 27 but we're right back into that chop Zone a targets to the higher side the first one at least is 17161 if we could break through that probably take us back to this 17436 Zone um we might be on a little bit of a chop on TSM we'll work this one on the list a little higher too uh I I do like that bullish candle though I mean it's nothing short of incredible X has always been tough for me I don't know I don't know with X because then they have the buyouts and then no buyouts you're still in the situation I think now where I believe the buyout is off the table no matter who the president is I think they're both both candidates are kind of saying like this this deal probably shouldn't happen so I think that's going to be rough uh you do have a retest Gap um if you're going bullish I'd be waiting for 3240 with targets into probably this 3563 zone so see if you get a little pullback on this one first the other thing I don't know is if you're going with a fib on this one you're probably right at the 618 where we closed yesterday probably where we're opening today um so I I think you still have regardless of the technicals on this one I think you still have a lot of the potential news cycle um lots of volume below we did get a good bounce off the 31 so again um just on the nothing but charts without taking into account of like maybe some sad people that the deal didn't go through um or most likely not going through I think you'd have probably 3223 gives us some good volume and we are in a Zone where there's not really much holding us back up until this 3632 kind of like what we said before so um I I would like to probably on a technical basis like to be more bullish than bearish um but trying to buy buy that a little bit lower Mr RNA a doing something different yes they are yes they are we're we're no man's land they're the only people in the planet hoping Co comes back like come on come on Co 2.0 they're the ones generating the uh monkey pox news too I think but um yeah that looks short that looks pretty short nothing really holding us up we are trapping some bears uh my question is are we already gapping too much so maybe see if this thing get bought up a little bit um but I think for this one you're just trying to pick your entries to go short on this uh where you can get in a really good spot is if we get back up to like 72 35 I don't I don't want to play it for the fade higher um could also see 6938 if you get a bounce into that $70 maybe a good level too but uh just pick your wait for a 10 EMA to go bearish I I don't like anything about it bullish at this point uh Mike says I bought 141 calls expiring tomorrow those are probably up a little bit I would I would assume Tesla Tesla I mean it kind of had a wild day like everything else but there was a lot of stocks that were up up pretty decent Tessy had a little bit of a struggle bus so I don't know how strong it was I do have this resistance somewhere up at 22896 I still got my calls they just missed me taking me out yesterday by few dollars so that was kind of annoying so I still have those um otherwise if this one want to come down which is is a gap and go to the be side um I would be looking for this 22318 uh maybe 223 even somewhere right right around that zone as your support if that starts a break we do have some levels of support below us but be patient maybe we end up coming I I don't know if we come all the way back down to 2117 today but um I I would be curious to see if maybe we hit 221 29 but two levels of vac this 223 Zone should be very strong on it um really good close yesterday again the problem is 22896 and as we get close to it uh we're running into that pretty decent resistance um but we are already pulling back a little bit I don't really want to go short on Tesla not yet not yet um I I guess if you wanted to at the end of yesterday you're going short somewhere and stops would be 23441 but uh and then stretch Target for today if we get past that first resistance we talked about right around 229 we could see targets into 23149 so that still gives us decent room to the higher side but I would like to buy it as close as possible that was that bell ringing already that's that's bizarre that's no that's too crazy now I wasn't ready I got scared actually a little bit but everybody on YouTube land make sure you guys hit that like And subscribe button unfortunately this is where we disconnect but uh