Technical Analysis: $AAPL $AGL $AMZN $ASTS $BTC $CAVA $CLOV $GOOG $JPM $MU $NEE $TSLA $XLF

hello everybody today is Sunday uh September 15th 2024 today I have 12 different names to talk about so let's get into it as per usual this is not Financial advice this content is for educational purposes of or entertainment purposes whatever you feel more comfortable with and I strongly suggest you to do your own research and due diligence before you spend or try to invest your capital on any type of equities that being said let's start with um Apple um I've been day trading Apple um quite often last week actually and and it was because um the setup was very um similar throughout uh basically from Monday until Thursday I still did some day trading on Friday and uh what I did was just um get into a lower level as per usual uh somewhere on this area right here and then um I started trimming my position as this was going out towards these indicators um throughout the day you could actually see that there was a lot of opportunity especially in this area and back in this area so um Apple did actually lose a lot of momentum uh by the end of the session and a lot of names actually did as well normally Fridays you have lower volume but I also think that uh we shouldn't be thinking that um we are um very heavy into a I guess um bull market right now I think uh things are choppy and we're going to see that within the I mean probably this week coming up and and the next few weeks I I do believe that uncertainty is still around we we have um um FC meeting this week or I think it's on Wednesday uh we should get some uh news about interest rates that is going to have um some sort of um reaction for the mar uh for the market is definitely a catalyst we also have uh still until for a couple of months um we still have to deal with uh the election and the outcome of that and uh whatever crazy news coming in between so I do believe that there's we're going to find a lot of volatility and choppiness I guess on the market um for Apple what I like about apple right now we are on top of the 35 SMA and we are right under 225 I think if we actually get to break this level which um it's a little bit stubborn uh at this point uh we will probably see a continuation maybe towards uh 2:30 but I think it's going to be a slow move it's going to be a choppy way up um I'm a little bit more more bullish on uh Apple than bearish to be honest but again there's uncertainty in the market and um but I I feel like apple is a little safer at least for me to day trade or to have like um overnight swings other than that I do believe that if we move towards a 125 we are probably going to continue slowly towards 133 if you actually reject this level 225 definitely you have your support level on the 35 SMA which seems to be a little bit strong or if that breaks then you have 25 let's move on now to the next uh name which what do I have on my list I have AGL so let me take a note on this really quick um what I like about this setup is that you had this downtrend very significant downtrend uh towards um 320 I would have to take a look at my um brokerage account maybe tomorrow and see how options are playing here but what I like of this is and we're reversing macd and TSI are looking uh like they want to curl towards um their signal lines and maybe break and RSI is kind of getting out of uh oversold territory right now um this level right here was rejected on Friday but again a lot of names lost momentum though towards the end of the day uh we'll see what happened here actually during mid session in this case no yeah um no it wasn't during uh mid session it was actually uh let me see where am I yeah a little before middle of the session it lost a lot of momentum and that was it for uh AGL I do believe that we might have an opportunity here to the upside I want to see uh price action going over 37 uh 3.7 and maybe in that situation there is opportunity to that uh to the upside but I really like this maybe uh normally what I would like to see is u a small rejection here or retest and then going back up into um mounting this level right here and in this case 3.7 if that is the case 440 would be your next resistance level I do like like this name I think it needs a couple of more days um I guess to mature a little bit more let's do um a name that I been day trading as well and that is uh Amazon I've been mentioning Amazon um quite a few times uh in the last two weeks and the reason was because of how we were surfing on the 200 SMA and also consolidating between these two indicators this is the 200 SMA and this is a 35 SMA um what I said in the past was and we were probably going to bounce or uh zag in this area right here between these two indicators and whatever breaks first meaning going um to the downside or to the upside is going to probably is probably going to be the the next move and that's what exactly what happened um we went over resistance at 175 and then we just continue going over 181 and now we are up at where is the current price right now 186 or 180 yeah have um this candle right here that is not the best um can we consider this um um a shooting star maybe if we assume it yeah um so I don't know this could be a little bit of a um of an indication that maybe we are going to uh cool down a little bit which would be great I it would be nice if we get to 190 and then go down to1 and then continue going up um we'll see what happens this week this again this week is going to be pretty uh or this upcoming week is going to be pretty volatile so um just keep an eye on Amazon it's still looking good I wouldn't be too worri about um candles when when we are actually looking at a a time frame such as that the one day uh time frame I I think the what is more important is volume and what we're seeing on strength for the uh for the stock magd and TSI are not losing any strength the same with the RSI is a little bit pointing down but I wouldn't be too worri about it I do believe that if we reject this level 190 we're going down to one um or probably zag or consolidate in this area between 190 and 188 181 and um but for the most part I'm bullish on Amazon as well it's going to be again a little bit choppy for a lot of names in my opinion to get um to pass some levels resistance levels in these cases and maybe go towards alltime highs that is going to take a little more um I guess momentum and maybe better news so or and less volatility so we'll see what we get um but I'm bullish on Amazon your um levels are 181 as support and you have uh 190 as resistance right now uh let's move on to another name that I've been looking for a while and that is ests and um it's looking good you know magd and TSI are over the zero line but it's fine I do believe that uh we are probably moving towards 36.9 or 37 you have this trend line right here you're also over the 35 SMA that is also a good indication you're over what I guess uh on Thursday was resistance which was uh 27.8 and now this is support I think um I don't know how this was after hours if anything significant happened but I don't think any yeah nothing really happened um so I do think that there might be a continuation there's definitely opportunity on this name it is in my short list um this proba is going to continue towards uh 369 and um then you can reassess your position if you want to sell or if you want to hold or you want to sell half of your position and then take the risk and see if this is going to continue going up but this is definitely uh an interesting name I actually saw a lot of people talking or asking about this name in uh x uh what it was um formerly known as Twitter but uh there is definitely opportunity here I like the fact that we are um over the 35 SMA at this point it did bounce and now you're over um what it was resistance on Thursday and we are on our way to the next resistance level which is 37 definitely opportunity here definitely something that I might end up trading next week that's what I have for ests um let's take a look at Bitcoin and um what is interesting about Bitcoin I was saying last week I wouldn't be too uh enthusiastic about this name until you break uh 597 well right now we're at 597 we did break 597 on Friday and now you're seeing a little bit of weakness but you know at least for now um I wouldn't be too worried magd and TSI are not looking bad at all RSI is neutral so rebounding we could maybe we are retesting this level right here at 59.7 and then continue going towards a higher level my next resistance level I think I would set it on the 200 SMA you break the 200 SMA and 67 is coming so I think it all depends on how we're going to handle uh this support level at 597 how we're going to hand if that breaks how are you going to handle the 35 SMA if that breaks you're going back to 57 that would suck I have Bitcoin so I want Bitcoin to continue going up but but the chart is also telling me something that there is a couple of a little bit of caution in this area uh you also have a pretty decent amount of of volume right here on this volume shelf so um that might um that is actually a good thing it would complicate things on the way down but if we are retesting here we're definitely going towards at least 63 or 64 keep that number in your head um that's what I have for um let me see something really quick that's what I have for Bitcoin right now just keep an eye on uh 597 if we are retesting we're going back up to the 200ma which is going to be around 639 64 that's what I have for Bitcoin let's move on to another interesting name that I might end up shorting and that is Gava why am I thinking I was shorting this name when things look like this right I was talking about shorting cover right here so we have one and it kind of worked out I didn't get in because I was shorting Cisco and I was shorting um Best Buy um which were positions that were actually uh pretty good uh I was on them for a couple of days and they worked out for me pretty nicely but on Cava the problem that I have uh with Cava is that the PE Ratio um is 3,000 times no I'm sorry 300 times not 3,000 300 times and I think at this point uh the valuation obviously because of the the price uh of the stock is is definitely very very rich that being said that could uh mean that uh investors or the market itself or you know whomever is playing this name um would probably start um carting their positions on uh Gava I think on Friday if I remember remember correctly corly um yeah so pre-market it was pretty um it had a very nice move up and then it collapsed throughout the day because what I think happened on Friday at least what I was seeing is that it was nicely I think it was a 4% up or something um early in the in the trading session and then it went down um to minus 36 uh 2.36% uh that's a pretty decent drop if you ask me but I do believe that there might be a continuation to to the downside when we were here I was saying we're probably going to um fill this Gap it didn't happen we came down and we basically bounced right on this area and came back up let's put a a blue line right here because it didn't it didn't feel the Gap at all yeah I do believe that there is an opportunity to the downside and I might actually take it I um the macd and the TSI look a little bit exhausted in my opinion and the RSI is right on the limit of being overbought so and it's crossing the signal line as well so I my assumption in this case is that um there's going to be a less influx to of buyers into into Cava um again because of the fact that we have news coming this week I'm going to be as per usual I guess very cautious in how I handle my positions but Cava is definitely one of those things on my um short list and as a matter of fact I'm writing this down uh because I'm definitely interested on this um in shorting this uh position with that said I'm not actually saying that I'm going to jump on onto this position and um and short it but it's definitely on my list um because well you know the chart is telling me some something and I feel it's uh a little bit overextended and I also think these indicators are getting exhausted and just the price action is is it's a little bit too extra in my opinion let's move on to oh I couldn't write I couldn't read my own uh handwriting let's check on on Clover health and um let me take a quick note on this um you know I was shorting CL over on this area right here I went from here I sold in one of these candles right here um it wasn't I guess a great swing or a great trade because this move right here took a a good chunk of uh my profits I should have actually gotten out right here but these indicators were telling me a different story so I decided to stay and then you know two or three days later I got out but um you know I I lost a good percentage of my of my profits I still got out green but um it took me a little bit of time actually also to to be able to sell um my my my position wasn't very liquid especially for the expiration date that I picked so what I learned from that is probably pick an expiration date that is closer to my current date or whatever um date I I pick but um I I shouldn't go that far out anyways this bounce on the 35 SMA went off uh resistance at 275 and another thing that I like is that these indicators uh took a breather and that's actually a good thing uh which means that now you have room to go back to 3 uh 54 I I think there is a lot of more people talking about Clover uh based upon some um very small research that I did seems like they are doing much better than how they were doing a couple of years ago and some people are noticing that uh that is important I do believe that uh that the fact that this back in the back in the day mean a couple of years back uh this was an incredibly volatile uh meme stock that um you know it would uh squeeze uh every now and then very nicely I do believe it's not squeezing now I do believe that you know the market is starting to to to pay attention to what is going on with Clover I strongly suggest you do a little research on this company I'm not suggesting you to buy this long-term term or shortterm or whatever I I think still needs um quite you know quite some time to really um become something that is really interesting that is positioning itself um into that um I guess uh position anyways I like uh clover as far as what is what I'm seeing on the chart I it's not a long position for me uh yet but I'm going to keep an eye on this on this name which is very interesting because a couple of years ago I I used to trade Clover and at one point I um I sold my position because I I was up um by a substantial amount of of money and I never looked back and I thought you know this is another dog shed uh company from um the meme stock uh era which was obviously two years ago and uh and I don't have a lot of respect for that type of trading so uh but now you know I I I came across a video of clover on on YouTube and I was like I'm going to take a look at this property and I looked at not property at this um at this uh ticker and then I realized I looked at the chart and then I I checked on on you know how the company is doing and I realized oh you know seems like they're uh they're doing the right things uh anyways Clover looks interesting I think once we get to 3554 there might be another opportunity if we double top here just like uh some other names there there might be an opportunity to the downside again um right now if I'm if I trade Clover is in an opportunistic way I'm not trading this as a uh investment position that's what I have for Clover and now let's move on to uh another name that I've been telling uh my followers in X that this was a gift and I mentioned this name as well uh in my videos and that is Google so uh what right on this area last week or two weeks ago I was saying if we get to 142 that's an absolute gift if we get anywhere close to 147 which is where we this Gap is that would be a gift but right in this area was still a gift I did buy um calls I think on Tuesday I sold um on Thursday and then I bought again and I do believe that there's still more opportunity if we break 200 SMA which is his line right here and we're over this uh what it was resistance at what 57 I think we're going to shoot up to 164 um we would definitely break uh the 35 SMA without any issue in my opinion MD and TSI are looking fantastic this is a great opportunity again next week is going to be a little bit of a shed show but it seems you know to be honest it also seems seems like every week is a total shed show so that shouldn't deter you from actually getting into good uh setups Google in my opinion is a good setup you can buy I guess calls for January of next year or maybe December it depends how much uh money you have or what how you you like to to trade but I think there is definitely opportunity here I've been uh swing trading uh overnight swing trades and and two two days swing trades uh in this area and they have been a very nice very profitable but I do believe that I'm going to get back in tomorrow um because definitely there is opportunity the macd again and the TSI are looking great the RSI is also looking good and the chart itself is looking good so let's break to 200 SMA that might happen tomorrow and uh and then 164 is where we are probably going to land and reassess um the position that that's at least what I would probably do that's what I have for uh Google and I just noticed on my notes that I have JP Morgan and XLF uh so I don't know that's that's probably a little bit of an Overkill let's do JP Morgan if I could find it um okay JP Morgan so okay so this sector is definitely Lo losing Steam uh if you take a look at Ci's um chart or Bank of America or Wells Fargo or um XLF itself you you can see that there is XLF doesn't look as bad but you you can see um that there is a a lack of momentum that being said JPM is a name that I really like because this was a candle of news I mean besides the fact that there is uh different allocation of funds uh from one sector to another uh the financial sector is definitely losing momentum we can see it on the charts but that being said this was the uh this candle came uh with the news of Jamie Diamond saying that he was going to retire and planning to uh find a successor and instead of uh taking five years to to find that successor now he wants to take only two and a half years that's bad news for JP Morgan of course but um I do then maybe if we continue going towards uh 198 uh I don't think we're going to go down and all the way down to where we were on August 5th it could happen but I for at least for now I don't think we're going to get to that point again at least for now but we easily could go down to 200 and if that is the case there might be an opportunity um for a long position magd and TSI is still strongly diverge which I think we are going to see a continuation towards 200 um not a position for me to get to the downside but I'm going to wait for an opportunity to the upside I love to see these kind of charts because especially when you see these kind of picks and valleys there is definitely an opportunity to the upside or to the downside whatever um whatever you find that uh the setup but in this case I'm waiting uh for this to cool down for this uh downtrend momentum to cool down and then take opportunities on uh to the ABS I really like what I'm seeing on JP Morgan more than what you would see probably let's let's go visit Bank of America which also looks pretty decent um as far as one of those positions in which in which you want to wait uh you can see this is right here on support Bank of America um we might go up um but um I do believe that there is definitely more opportunity or or more room to continue going down towards the 200 SMA um you see it on the m and the TSI so if there is still weakness on the sector the financial sector there is um I guess one of those things that uh you just want to wait on the sidelines and um and wait until there is a a signal of a reversal and there is where you're going to make your money um I wouldn't try to do anything on the downside because the move is already in my opinion gone and when this happens I just let him go uh the setup the opposite setup is going to come so um again I'll wait probably a week or so just to see what happens here with these indicators just to see what happens with the candles and the chart itself and at that point you're probably going to have a better story being told in this chart as of uh what is your next uh position there is definitely opportunity here I love what I'm seeing on this sector um I really hope this is not a bad Omen for uh uh the economy uh as a whole but uh um other than that I actually like uh what I'm seeing here uh let's move on to another name and that is is not mli uh where am I um mu so Micron Technology and uh let me take a quick note here and what I like about this name is that we are bouncing on um support at 84.6 now we are closing up to resistance at 92.8 I like the macd is pretty much neutral and flat under the zero line that is good TSI pretty much the same it has a little more of a strength to the upside that is actually a good thing under RSI is already pointing up uh towards the 50 line so um I would like to see this continuation towards resistance breaking that and that point there is definitely opportunity there's opportunity on this sector for sure and um there's a a low level of liquidity here on this uh liquidity or volume shelf so uh that is also something that might play um in favor of uh anybody who wants to go long or for bulls for this position I like mu is on my short list with uh Cava and uh I'm writing it down actually because um I just want to make sure I don't forget anyways that's what I have for Mu since we are here I just want to mention something really quick I mentioned this name a month ago on X I told people there's going to be fireworks be prepared we're here look at that look at this okay um so I'm going to add that to the list of names that I mentioned so let's see okay let's move on to I want to talk about Tesla today um where is Tesla here it is so look at this I did mention this setup last week on X and one of my videos as well I do think that if we break this range which my range is still 233 to6 uh 186 uh prior to that I said 163 but I thought I was maybe that's a little bit too extra and it's too big of a range in my opinion so then I I change my um my thesis uh of a range for Tesla between uh 233 to 186 uh well that being said we are about to break this if we break 233 there is a very low liquidity in this area you have this scap tube is probably going to get filled if we break and then 265 is very possible um that would be fantastic I do have a Tesla position stocks um it's not options I do have actually stocks on Tesla and it's a large position so I would love to see Tesla continue going up um we'll see again what happens next week uh lowering interest which that's what we are all expecting is uh something that is definitely going to benefit a company like Tesla um so there's going to be a lot of uh companies are probably going to have a very nice good reaction to what the FED has has to do uh with interest rates if everything goes positive and if they don't come around a hawkish I do believe that companies like Tesla or companies for example in the different sector like a firm would definitely benefit from um from that type of news um real estate companies are also going to benefit and whatnot but uh focusing on Tesla I do believe that uh we definitely have uh a continuation coming up uh we might see a little bit fright or what what not but but uh I just love to see or you know the fact the fact that we have the similarities here between what we were going on at the end of May beginning of June or mid June and then what happened um towards the end of June and July and we had this nice rally right here which was pretty aggressive um and to be honest I didn't take advantage of it because I was probably trading Microsoft and some other names but anyways this was very beautiful um I wouldn't be price if we break 134 and then continue going towards two uh I'm sorry I said 134 234 and then continue going towards 265 uh we break 265 and that that's it it's just fireworks everywhere um it's happy it's happy happy days for me for everybody um uh that like Tesla there's a lot of idiots who don't like Tesla but that's okay anyways let's move on to the last name of the day and that would be what I was announcing um X F and um I'm sorry I'm just taking a quick note um there is definitely weakness here but you also had a nice rebound on what was this on Wednesday you came up um but if you actually go to Wells Fargo for example or city or you go to uh other names J JPM JP Morgan or Bank of America you you're definitely going to see a um a weakness on the industry and the financial sector um macd and TSI are not looking the best RSI is neutral so which also is telling you that uh the strength um for the stock might continue going down these are not the best type of candles that you want to see these are neutral candles that also are telling you that market is not very decisive on uh where to go um that being said I do believe again what I you said in JP Morgan um is that there is definitely opportunity once the that settles and that you actually find um I wouldn't say a bottom but once you the move or the the trend cools down there is definitely opportunity to go in the opposite direction I think that's this is what is going to happen right here with uh flx and and in some names for um for the financial sector um anyways that's all I have I think if you break 44.1 you are down towards the 35 SMA and you might have a reaction just like what did here we'll see or if not you're just going to continue dropping towards probably 43 and then 40 uh 2.5 that's all I have for you guys I will see you guys in the next video that should be coming tomorrow afternoon thank you so much for your time I really appreciate uh whomever watches these videos and uh see you guys tomorrow bye-bye