LIVE TECHNICAL ANALISYS THURSDAY AUGUST 29 TH !! SPY, DELL, DNKG, PLTR, MICROSOFT, LLY, AND MORE

hey guys what's up good evening happy Thursday how are you guys doing today good my stream per usual seems to be offline please let me know if you can either hear me or see me please welcome back Selena edl slers metred come on what is wrong with my stream am I even live here there you go yes I am no sound for real no yeah yeah I'm good I'm good I'm good let me see yeah yes everything's okay with my sound so welcome back guys how was your trading session matred Daniel Campos Daniel Campos we would say in Spanish Selena edl welcome back guys please drop a comment down below and let me know what stocks you guys want me to go over I already have some requests over here affirm oh if I if if I tell you guys about about a firm that was the stock of the day for me probably the stock of the of the week for me smci um can we look at d i just day traded D guys you know that I usually day trade earnings reports once the reports come out Gava wow you guys are asking about stocks that I am trading as of now yeah most of the stocks that you guys are asking about are stocks that I am trading as of now in the case of Cava I have put options I got Cava puts today and I am I am in I am slightly in the green I would say with Cava wining twice on the Spy dip yeah today we had some sort of roller coaster into the closing Bild uh but guys take a look at the close at the closing of the indices today we had a very positive day across the boorder take a look the Russell 2000 up 0.66% the Dow the Dow Jones had a record close today up 243 points the S&P 500 closed flat and the I mean the only main index that closed in negative territory was the NASDAQ which went down uh 0.23% but other than that the key word in today's trading session was rotation rotation rotation rotation rotation that's it that's all that happened today take a look at the performance of the 11 sectors that trade inside the S&P 500 guys energy up 130% financials up 0.89% Industrials up 0.70% materials up 0.55% utilities up 0.54% Healthcare up 0.21% so the only sectors that pretty much closed in negative territory I am talking about important sectors that actually can move the can affect the spy in either a positive or in a negative way where technology down 0.90% take a look at the roller coaster that we saw today in the case of the tech sector guys exlk so at at around 11:30 a.m. the tech sector ticker symbol xlk was up 1.2% and the tech sector ended up closing today's trading session down 0.90% this was an absolute roller coaster today and we saw an important uh decline in the case of the nas T 100 and this and the tech sector for that matter um from basically 2:30 p.m. and on um communication Services you guys know um Netflix Google meta those are the most important Holdings inside the communication Services sector so xlc went down today 0.20% and consumer discretion area another very important sector Amazon tessi um just to name two stocks which way are the the two most important Holdings inside consumer inside the consumer discretionary sector so EXL y only went up 0.12% so for the most part guys the spy and the q's and you guys know that the q's is nothing but an ETF of the NASDAQ 100 so the NASDAQ 100 and the S&P 500 pretty much do whatever a handful of stocks do okay and you guys know what stocks I am talking about the nvidias of the world and the Google of the world and the Amazon of the world and the apples of the world and so forth um but um it it was in general terms this was a very positive day take a look at the breadth guys that we saw today take a look at the S&P 500 and you guys know obviously that the that inside the S&P 500 we have 500 stocks okay trading today we had 300 142 stocks going up and only 161 stocks going down take a look at the um let me see if I have okay take a look at the Russell 2000 let's see check this out guys inside the Russell 2000 the iwm which happens to be the ETF of the Russell 2000 we had 1,49 stocks going up and only 526 stocks going down I'm curious about the nasda 100 guys about the cues let's see check this out so um in the case of the ndx which went which went down today let me let me check on that um so the ndx or the qes let's let's take a look at the qes rather it's the same so the ndx went down today 0.15% and take a look inside the index itself we had 67 stocks going up and 34 stocks going down so into the closing bell it looked like you know the the world was falling apart but that wasn't actually the case we today we had a very very positive day across the board but obviously if Nvidia if Amazon if Google if Apple if tessi if all of those stocks go down then it feels like if you know uh it feels like if we were witnessing the end of the world but that wasn't the case obviously anyway can you turn your volume up um no I have an issue here with my computer bro so this is the loudest yeah my audio can be I gotta I gotta work on this I need to fix this but as of now this is but I think that I have a decent volume right let me see yeah I mean it could be it could be louder but yeah sorry about that guys I need to I'm having issues with my with my laptop okay decent correct he out is perfect okay guys in the meantime um okay let's move on to the Spy and you guys know that I am very active on Discord um trying to help you guys out to figure out what to do uh with the Spy um today the Spy pretty much closed flat at $558 35 and this is an easy one guys over here well the the moving average that I am pointing out with my mouse is none other than the F day moving average 1 2 3 4 five okay so this is the gauge that I use in order to determine in order to measure who is in control of minor time frames either buyers or sellers so the Spy closed today's trading session is slightely below the 5day moving average as of now the 5day moving average is signaling five $560 pretty much so if the trading session opens tomorrow is slightly above $560 that implies that the Bulls are in control and that and that maybe uh you know they they might they they might be gathering momentum in order to make another push higher to potentially being able to fill two gaps the first one 563 bucks which has turned into a tough spot for the Bulls take a look so the Bulls have failed right at $563 on three occasions um they failed today they failed at 563 on August 26th and they also failed at that level on um August 22nd if the Bulls can't recapture or can burst above or can consolidate above $563 then I think that we have more likely than not uh test of alltime Highs coming up near $565 so this is very important okay F the five day moving average near $560 say that we open the training session tomorrow below $560 this could be potentially opening the door for more than side in which case I think that $555 could be a potential spot in order to buy the dip why well because $555 is a previous support back from August 27 second also a previous resistance back from mid August and lastly a previous resistance as well back from August first I think that at $555 in normal market conditions the Spy is likely to is is likely to um come across with Buyers more likely than not if 555 is broken to the downside guys with higher volume than usual that's a that's a that's a whole different story and if that is the case I am going to be calling out the most important levels of interest in the spy on Discord so you don't need to you don't need you don't need to worry about the about the Spy by the way guys keep in mind that tomorrow at 8:30 a.m. eastern standard time we have the core pce data report whatever [ __ ] that is coming out so that is supposedly the favorite inflation gauge of the Fed so the markets are going to be paying attention to that report I am not expecting fireworks tomorrow with the report because the core pce happens to be the last inflation report that is posted on any given month so before the core PC comes out we already had the PPI and the CPI coming out and in the case of August um the inflation reports of July which were posted in August both the BPI and the CPI those reports came out below estimates so we can for the most part make a case that you know that that in the case of the core pce we shouldn't have any uh s prices tomorrow at 8:30 a.m. but nevertheless we need to wait for for that report to come out before planning uh you know our uh trading strategies spy wise uh because I don't know maybe we have a surprise tomorrow we never know um in the case of the core pce I've noticed that the regular reaction let's say let's say on the last two core PC data reports has been to the upside from an algorithm standpoint so the algorithms immediately you know read the report uh see it below estimates and they immediately start to buy equities but um on the last two core PC data reports that were posted the rip got sold I don't have a crystal bow I don't know if that is going to be the case tomorrow but that I mean that that could be the case tomorrow so maybe I don't know the core PC comes out below estimates you know the the the algorithms start to buy stocks and then at 9:30 a.m. when the trading session opens and you know the the the human beings start to kind of uh you know uh take control of the of the session maybe we we we can see a bit of downwards pressure um that I mean potentially I don't I don't I don't have a crystal bow and we just need to follow whatever you know the price action is dictating to us okay so that that that is just something that you need to keep in mind okay let me take a sip of coffee here guys it's been a long day for me so you guys are asking about let me see um Dell let's go ahead and take a look at Dell technology they just posted earnings take a look at what I did in the case of D guys it is going up not that much right so they are yeah oh take a look guys the rip got sold in the case of Dell take a look at what I did guys I am usually trading um earnings reports but not via call options or put options I just wait for the report to come out and if the report happens to be positive and if the and if if the stock that I want to trade or that I am planning on trading hasn't exhausted the expected move then I buy shares that's what I usually do okay in the case of Dell take a look at what I what I just did guys take a look I purchased 50 shares at at $116 45 and this this this was a three minute trade okay a very quick trade I ended up closing these 50 shares at $19.73 I ended up making here in a me of I don't know no three minutes let me see 51 minutes I mean no um in a matter of five minutes I ended up making 160 bucks you know so I just day traded Dell and lucky enough I closed the position guys because the stock is starting to drop like a rock while the um earning SC is going on so I don't know maybe the CEO or the CFO is saying something that the markets do not like um in the case of D guys um we started to see some sort of process of consolidation between $114 and the 200 day moving average which as of now is signaling $17 so they pretty much guys started started to work on some sort of a non-academic bullish rectangle let's just put it that way so in the case of Dale guys this could be an easy one tomorrow from a technical standpoint um if you guys happen to see Dell consolidating above 14 bucks take a look at the way that this stock has been struggling right at 114 bucks so at 114 bucks Dale has failed on multiple occasions recently on one two um three and four times pretty much so this is an important level if the Bulls can consolidate slightly above 114 bucks that could be signaling that they could be able potentially to gather some momentum in order to fill the next important Gap up to the 50-day moving average 50 dma take a look at this guys so they exploded to the upside um as soon as the earnings report came out today or earlier on today and take a look at the spot at which the Bulls failed 121 bucks you may ask well why did they fail right at 120 bucks well because at 120 bucks the Bulls came across with a 50-day moving average this is an important level of resistance and and needless to say guys take a look at the shape that the at the slope that the 50-day moving average has as of now it is downward sloping okay it is putting downwards pressure over there so above 114 bucks I am I could be going long in the case of they I I took a a look at the report it was a decent report um well I I am talking about the earning support that just came out so above 114 bucks I think that 120 bucks is a potential Gap that could be that could be getting filled to the upsite let me take a look at some anchor vew UPS here in the case of Dell let's see Del and you guys know that my favorite technical indicator is the um VW the incor violent weighted average price line so excuse me guys take a look guys this stock is guilty until proven innocent so if we anchor a vwap or if we display an inor vwap from the alltime from the alltime highs of Dale because Dale hit 180 bucks back in late may we get an average price of 150 bucks so what does this imply that we have a lot of buyers trapped above the current price of Del that is not that isn't positive from a recovery standpoint in case I don't know in case that Dell starts to to to go up you know um let's say in a constant way so we we know that the the the likelihood for they to pull back from different um levels above the current price of D is very is very is very high is very high okay we have a high likelihood of seeing multiple levels of uh from which they could be pulling back because we have a lot of buyers strapped above the current price of Del take a look let me enchor a vwap or let me anchor a volum weighted average price line from this recent high that Dale um made this was back in mid June at 160 bucks take a look so this enor vup is showing as of now take a look $120 so I know that the average Market participant that started a position on Dale when this stock hit $161 has as of now an average price of $120 what mes m is this Anor vient weed average price line sending us that we have Market participants losing money as of now on Dale with an average price of $121 and again and I have told you this I have explained this concept to you guys on multiple occasions from a psychological standpoint the average reaction of the average Market participant that that has a loss okay so when the stock um that any Market participant has a loss on goes up and matches or hits the average price of the average Market participant the average reaction is selling out of that position breaking even it is psychological correct exactly Kev once it goes up people are going to sell so this is an interesting spot check this out um so this enker vwap that comes from this previous High uh that D hit um that D reached um this was on June 20th at 160 bucks so this anchor vwap is signaling as of now 121 bucks if we take a look at this 4 Hour chart take a look at the level that Dale or that the 50-day moving average of Dale has as of now 121 bucks so what do you guys think that happened here today when they'll hit 121 bucks those buyers that are trapped at sorry those buyers that are trapped at 121 bucks from this date from uh June uh 20th they simply sold out of their positions so this was a very important level of overhead Supply rather than a level of demand so they'll hit 120 bucks and it started to go down so yeah um this would be the the this would be the trade that I would be interested in a process of consolidation above 114 bucks and maybe the profit taking area would be 121 bucks this 50-day moving average coinciding with the ener V that I just told you guys about should be a should be acting as an important level of resistance for the let me take a look at the m Market structure of build Technologies let's see what we see over here um this is a tool that I use in order to visualize uh imbalances between the demand and the supply of Any Given stock and you guys know that when I say demand I am talking about buyers and when I say Supply I am talking about sellers so take a look at this guys the demand is through the roof the demand is on top of the shirt and at the bottom you guys can see the supply theand buyers Supply sellers take a look at the demand through the roof and the supply oh this is Lulu what the [ __ ] sorry guys my bad I was taking a look at the supply okay now this changes um this changes in an important way take a look again the demand is on top of the sh and the supply is at the bottom take a look at the demand it is starting to go down so buyers are walking away from Dell and the supply is starting to rise so this is an imbalance that is telling us that in minor time frames sellers are starting to gain control or to regain control of D once again so we take a look at this 4 Hour chart and take a look at how guys the 5day moving average this white line that I just told you guys about was Rising until a few days ago and now the F day moving average has started to flatten out it is kind of flat so I know that sellers are starting to step in in minor time frames because this is a this um this chart is still under the control of sellers in major time frames why do I say that because d as of now is trading below the 100 and the 50-day moving average so buyers started to gain control or regain control of D in minor time frames but as of now with the demand going down and with the supply Rising this isn't signaling positive uh stuff for Bild um in minor time frames but nevertheless guys um I would be a buyer of Dale above 114 bucks okay if I happen to confirm that D is consolidating above that level but below 114 bucks in my opinion I no touch okay there you go what site is that you use to the supply and demand um the the name of the site let me move my camera it is Market structure Edge you guys can see it over there okay that is the name of the side okay so let's move on what other stock do I what other request do I have here Lily okay let's go ahead and take a look at Eli ly LOL y um it went down today nothing guys pretty much it almost closed flat it went down 0.92% and it closed the trading session at 94020 guys this is a very good looking shart um we can we can make some sort of bearish case over here because ly closed the trading session below the five-day moving average the white line that I am pointing out with my mouse so this is an easy one guys this this stock is long um above the above the five days moving average above 950 bucks any process of consolidation of Lely above 950 bucks could be suggesting that the Bulls are gathering momentum in order to make another push higher and potentially being able to fill the Gap up to alltime highs 970 bucks and we could see a bit of profit taking over here guys down to this previous level of resistance at 920 bucks if the Bulls of Lily are aable to recapture the 5-day moving average so say that you guys see tomorrow ly struggling trying to burst above 950 bucks that that could be some sort of short that could represent a short opportunity and if we happen to see a bit of a bit more of profit taking over here there could be a test down to or there there could be a test of this previous level of resistance that I just told you guys about near 920 bucks but other than that guys take a look upward sloping 200 upward sloping 100 20day moving average 50-day moving average this is a very good looking shart other than the fact that that Lily closed the session today is slightly below the five day moving average um let me I'm not going to take a look at any anchor vws guys I mean let me take a look why not at some anchor vws I mean it isn't really important to um take a look or to pull up anchor vws over here guys because ly is trading pretty much at all highs that implies that we didn't have uh any buyers trapped or we didn't have a lot of buyers let's say I guess the toan is holding the bag over here for some reason but in general terms we don't have a lot of buyers strapped above the current price of of Lily so Lily let's see yeah take a look guys an anchor vwap from the alltime highs of Lily this is a forat alltime highs right because ly hit 972 okay let me remove this anchor view up that let me okay um anchor and okay let me see so um now take a look guys so an anchor vwap that comes from the most recent alltime highs of Lily Lily hit 974 bucks back on August 22nd so this EnV will be signaling as of now $952 let me pull up here this 4 Hour sh and take a look guys so that in vwap that comes from alltime highs is signaling 950 bucks and 950 bucks is a level that pretty much is coinciding with the five day moving average so above 950 bucks guys it's a green light in order to go long ly let's take a look at the market structure of Lily what do we see here let's see Eli Lan company let me see excuse me let's see take a look guys so the market structure is showing us some sort of imbalance that is favoring the sellers why because the demand is starting to go down not much but but it is starting to it is starting to decrease and the supply or the or sellers is starting to rise slowly but surely so this Market structure reinforces my theory that if the Bulls of Lily cannot recapture 950 bucks we could be seeing a bit more of downwards pressure over here and therefore there's a potential test of 920 bucks coming up for for Lily this is is possible there you go okay uh let's keep going thank thank her and thank thanks bro for sure I really appreciate you guys support okay um so let's keep going what other stock should I go over let's see CWA I have cabba boots as of now guys yes I do and why well um and I'm making money here so okay guys long story short I got an unusual put options Alert in the case of Cava let me see if I can see it here I'll show okay here it is so on August 29 yeah Okay so yesterday someone I don't know who it who this was someone invested $450,000 on put options of Cava that expir on October 18th and this is I guess a coincidence um Morgan Stanley or JP Morgan downgraded CWA this morning was this an insider trading it could be the case so um today because I I opened this position um today pretty much as soon as the trading session opened I mixed three factors three factors so first of all the the put options alert that I got um um I got that alert today like first thing in the morning um after that I I learned I found out that Morgan Stanley or JP Morgan or JP Morgan um downgraded the stock and on top of that guys the valuation of this stock is nose bleeding to say the least so I don't I don't trade stocks based on valuations but I think that at the these levels and on top of that guys the you know the CEO of the company and you know a lot of uh you know directors of the company have been selling uh shares left and right so the you know the the upper management of these companies are smart people most of them guys so when they know that the valuation of the stock of their company doesn't make any sense what do you think the CEO and the CFO of those companies do they start to lock in the profit so we have had a lot of we have had a lot of factors in the case of CA so um a lot of directors selling selling out of shares the stock go downgraded the stock has a nose bitting valuation but this is a super expensive stock but you have no idea guys like super expensive T and on top of that the technical reason was that I saw Cava to day losing premarket the 5day moving average not pre-market but I saw Cava trading below the 5day moving average this white line that I am pointing out with my mouse and take a look at this guys Cava Cava hasn't traded below the five day moving average guys since early August and again I Ed the five-day moving average in order to determine who is in control of minor time frames so so it it was like a like a mix you know of a lot of factors and I decided to get put here and I am I am weighting the money here in the case of Cava so I think obviously because I am I am pretty much shot in the stock that there is more downside over here for Gava and the I I am thinking about two potential levels in order to um Block in the profit the first one would be 110 bucks this is a previous support back from August 23rd and on top of that guys take a look at this candle okay this is a big uptick right so this is what some people call guys a breakout candle to the upside usually these kind of candles or I should say the base of that kind of candles when they are tested um as support they usually act as such so I think that Cava could potentially you know find buyers near 110 bucks I would be lucking in the profit there and if this support happens if we broken to the downside I think that there is a potential second Gap to the downside down to the upward sloping 20-day moving average this pink line that I am pointing out with my Mouse um something that is worth pointing out here guys is the slope of the 20-day moving average you guys need to get familiar with the slope of the moving averages okay if a stock is trading above an upward sloping moving average and that moving average is tested as support that moving average has a high likelihood to act as such to be able to act as support and in the case of the 20day take a look the 20 dma it is outward sloping so yeah I I don't think that Gava is going to go down further than 98 bucks before seeing some sort of Bounce okay so I am blocking in the profit at 100 or I I don't know best case scenario 98 bucks hopefully you know I am making money here as of now with this trade so I guess that you're asking about a potential long trade on CWA well keep an eye on 100 bucks this is a previous support um and over here we have um a breakout candle to the upside the base of a breakout candle to the upside and if this support happens to be broken to the downside yeah maybe yeah 98 bucks could be another potential in order to buy the Deep on Cava um let me see I'm not going to take a look at any anchor vs over there guys because Cava is trading pretty much at all is trading pretty much at alltime Highs but let's take a look at the market structure of Cava demand and supply and yeah this is a very good look Market structure guys take a look the demand is through the roof and the supply is starting to go down this is a perfect Market structure guys so this makes me believe the fact that we have an imbalance that is clearly favoring the buyers that Cav is about to it's about to bounce from meter 100 uh let me see yeah 1009 100 bucks or or I don't know worst case scenario um 98 bucks okay so well we'll see what happens here with Cava there you go um where do you get your where do you get your alerts from a little bird usually tells me bro yeah that's a little bird that tells me every morning yeah yeah I don't I don't get I don't get my alert from from any um website guys yeah I sign up for some sort the email that I get every morning and you know I am paying for that service and I get the alerts yeah yeah a little bird tells me every morning okay um here let's go let's go ahead and take a look at the Messi of artificial intelligence paler it went up today 2.11% and it closed the trading session at 31 bucks so um last time I checked penter it was looking super super bullish guys um it is still looking bullish I mean uh the F day moving average is downward sloping that implies that it that implies that potentially buyers are trying to gain control of palent here in minor time frames but the Bulls were able to close the training session today a bit below sorry a bit above the 5day moving average so I don't know guys I'm thinking over here we have a previous resistance let me pull up okay let me pull this up let me see um check this out guys no this is not a sh um let me see 31 bucks okay guys so take a look at 31 bucks $31 in the case of Pap Palante here the Messi of artificial intelligence is a previous resistance back from December of 2020 most of you guys were not even trading way back then previous level of resistance back from 2020 this is a huge level for the Messi of AI so I'm thinking guys and since the Bulls were able to recapture today the 5-day moving average that any process of consolidation of Palance here above 31 bucks is pretty much signaling a potential new test of the brand new 52 we high of Palante here at $33 and take a look at the moving average that I just told you guys about in the case of Cava guys what moving average did I just um tell you guys that Cava could be bouncing back up from the 20 right the 20 DM take a look at the profit taking that we saw in the case of palent here from $33 down to this pink line the 20 dma guys this is not a coincidence so peners sold out for I don't know like three or four trading sessions and the Bulls were able to find support right at the 20-day moving average at $29 they bounce back up and now Palante here if if pal were able to consolidate above 31 bucks I think that we have a a a retest of $33 coming up more likely than that um we don't need to we don't need to check any moving uh sorry any anchor vops in the case of Palante here guys because we don't have any buyer trapped in the case of Palante here and let's see look guys take a look at how we can reconcile this Market structure shirt with the 4our shirt of pent here that I am showing you guys why why is it because in the case of the fo hour sh that we are taking a look at guys we can see the five-day moving average downward sloping that implies and I have been saying that over and over and over and over again throughout this live stream that implies that in minor time frames sellers started to kind of Step In in the case of penter and take a look at the demand it is going down and the supply is going up so we can easily reconcile this Market structure Shir with the fact that the 5day moving average is downward sloping so yeah above 31 bucks bullish below the 5day moving average guys so below 30 bucks is with the demand going down and with the supply Rising ah I wouldn't be that bullish in the case of in the case of palen here do you have any lips for palen here no I do not no I don't I don't I mean I like the stock uh from a trading standpoint I usually trade balance here I gota say but if I mean if you're going to buy a if you're if you're going to buy lips you're pretty much thinking about investing at a longterm um I mean that stock right and in the case of penter guys this is another nose biding valuation this is a very very expensive stock as of now and I know guys that most of you guys are Traders and I'm gonna uh I will give you an advice if you are thinking about like investing at a long term I don't know maybe an Nvidia maybe in palent maybe I don't know I don't know you name a stock tessi Tesla I don't know you need to get familiar with valuations if you don't get familiar with valuations and you just pretend to be investing at a long term just because you listen to any YouTuber saying that a stock is going to the Moon you are very likely to end up losing money okay in in my case guys I love valuations I love fundamental analysis and no I I wouldn't invest um in balent here as of now with the current valuation of the stock excuse me okay let's keep going so what other request Paton Pon let's see Pon was going on a ter right recently um okay so B bellaton went up today 2.21% and it closed the trading session at $463 cents um okay um yeah again you know I am a I respect let's say a lot the 5 dma so I don't know guys peton above the 5day moving average above $4.75 which is a moving average that that was broken to the downside yesterday today it acted as resistance take a look $44.75 so above 475 cents I don't know this could be a fun trade up to the the recent high that bellaton made at $555 and I don't know I wouldn't touch this since this is a momentum stock guys I would only trade baton or I I would be opened to trade pellan based on momentum so I need to see pellan trading above the 5-day moving average and um having some sort of certainty that in minor time frames the buyers are in control of the tape so above 475 I could be going long pettin and in my opinion this is a this is a no touch below $4.75 incured volume weighted average price line avw let me type it here hold on a V web there you go that's my favorite technical indicator I use it a lot guys like a lot I mean that's that's not a technical indicator for me that's a religion the anchor vwb if you guys sign up for trading view you don't need to pay anything there is like a basic subscri subscription that allows you to use three technical indicators so you can pull it up okay so pelaton let me take a look at the market structure let me see pellaton by the way someone asked me guys in in my Patron about pelaton or about the possibility of pelaton becoming some sort of carena I don't think so I don't think so I don't know maybe it happens but I don't think so okay wow the demand is looking very very good guys take a look the man is through the roof and the supply is going is going down actually this is the perfect Market structure guys this implies that in minor time frames we have more buyers than sellers so Pon above $4.75 I'm going to I'm going to put it down on a sticky note actually I'll keep I will keep an I on it tomorrow okay so thank you very much for bringing it on P and above $4.75 this could be a fun trade guys yeah definitely and take a look guys if we take a look at anchor vws in the case of pellan this is pretty much a tragedy and I am sure guys that there are a lot of people still holding the back with palatin take a look at this guys let me see if we anchor a vwap or if we anchor a volum weighted average price line from the alltime highs of peleton and get this guys this was a $168 stock back in January of 2021 absolute Insanity look get this so I already know that I have a lot of people losing money on peleton with an average price sorry with an average price of $28 what do you guys think these people will do if ever pellon hits 28 bucks they will sell the hell out of it right away no doubt about it so we have I mean the uh the model of the stud guys is that we have we have three trillion buyers trapped all over the place this is back holder Central so I don't know I could be mistaken I don't know I I didn't think that carvana I didn't think when Carana was trading at four bucks that it was ever going to go back up to 150 bucks and it did so I I didn't have a crucial bow but in the case of pelan guys I don't think this is going to be a this is going to be the the the new carvana I don't think so I highly doubt it okay DraftKings let's take a look at dkg DraftKings has been under pressure let's see oh by the way guys um if I remember correctly because you guys know that we got a short report from Hindenberg um about smci and smci fell off a cliff and stuff like that if I remember correctly if I am not mistaken a few years ago I don't know a year and a half ago two years ago I don't remember I don't know something like that we also got a short report of Hindenberg about DraftKings and the stock plummet it like plummet it and at the end of the day you know the short report or the short theory that Hindenberg had on DraftKings didn't play out guys because the company is supposedly doing fine you know it wasn't a scam I'm not saying that that is a case in I am not obviously saying that that is the case of super micr computer I'm just saying that you never know in the case of DraftKings uh we got a short report from Hindenburg I am like I don't know 98% sure about it and the short report ended up being [ __ ] I guess that they you know they got puts of DraftKings made some money and then they forgot about it okay not a good-looking shart in the case of DraftKings it went down today 1.34% and it closed the trading session at $ 3389 um I think I think that on the last earing support of DraftKings they missed on revenue and that's a SC when you are a growth stock guys you don't have the luxury of missing on revenue on any given earnings report and that was the case of DraftKings the report was super good you know like the year over-year Revenue growth and the the companies still you know uh growing up at a at a very a very decent pace and stuff like that but when you are considered a growth stock you cannot miss on Revenue you cannot do it otherwise they kill you and that's what that's what precisely has been happening in the case of DraftKings so we're not a good-looking sh guys below the 200 the 100 day moving average and the 50-day moving average so this is a no touch below the 5day moving average that as of now is signaling $35 pretty much and take a look at this coincidence if I draw a line here guys guys from the 5day moving average I get a price of $35 take a look at this guys $35 happens to be pre precisely a previous support for for DraftKings back from late May so DK andg recaptures 35 bucks I would be con I I I could start to be somehow constructive about this sticker and Below 35 bucks guys I think that we have lower prices coming up for DraftKings more likely than not and keep an eye on the 20-day moving average guys $33.19 this 20-day moving average is broken to the downside and I think that we are going to see some people capitulating over here more likely than not we're we're going to see some sort of capitulation of you know some buyers that still have hope for DraftKings in order to you know bounce back up sooner rather than later so $33 DraftKings breaks 33 bucks at the downside this is a short in my opinion and maybe a process of consolidation above the 5day moving average above $35 uh could make us think about a potential trade to the upside but this is not a good looking shart guys a major downtrend below two very important moving averages the 200 and the and the 100 dma so I would be careful here with DraftKings um let me take a look at some aner vws let's see what do we have in the case of DK and let's see Draft Kings and oh take a look interesting so check this out guys an inchor vwap of D K&G that comes from alltime highs so DraftKings hit alltime highs this was back in March of 2020 at 73 so that anchor vwap shows us that the average Market participant that started a position on DraftKings when this stock reached alltime highs so that average Market participant has an average price as of now of $28 take a look at the spot that DK bounc back up from this was in early August 28 bucks do you guys think that this was a coincidence it was not so 28 bucks was a potential spot in order to buy the Deep on DraftKings I wasn't I wasn't taking a look at this I wasn't aware of this anchor vwap guys but this wasn't a coincidence guys take a look DraftKings bounce back up to the penny from this anchor vwb crazy St stuff guys what a great indicator so if this 20-day moving average is brok into the downside and we are you know shoting DraftKings if 32 bucks $33 is broken to the downside the next important spot or the next potential Gap to the downside could be field down to 28 bucks approximately and maybe that anchor vwap could be once again acting as support is possible okay now let's take a look at the market structure of D K&G we are 54 minutes in how about that huh 54 and I still need to keep working guys once I'm done streaming for you guys I'm GNA film a video in Spanish it's crazy guys today I am running I am running the extra mile sometimes it sometimes it it happens DK andg let's go and the market structure is starting to look good guys the demand is rising and the supply is going down and below the level of the demand so that makes me be that makes me be a bit more constructive about DraftKings being able to recapture the 5day moving average near $35 that could be a potential trade to the upside potential is the key word I find myself jumping into cols and Boots midday probably experiencing F can you give three of the best technical indicators the RSI is not one of them bro guys for real this is my advice and you can reconcile my words with successful Traders please do not use the relative strength index the RSI is the most useless indicator that is please do not use it I have it on my technical chart so I usually take a look at the RSI in order to kind of kind of quote unquote kind of confirm overextended situations to either the upside or the downside but I never ever base any trading decisions on the on the RSI it is a losing money indicator don't use it do not use it I use moving averages and I use the anchor violent weed average price line in order to determine um levels of interest from a resistance and a support standpoint I also use fibos but I don't use fibos you know throughout the training session you know I'm just you know I I determine a levels of support and resistance and I also obviously uh uh let's say that pay a lot of pay a lot of attention to the moving averages and the anchor vws okay and I don't don't I usually do not trade downtrends I don't trade downtrends and I and I don't short uptrends that is also super important guys um you need to you need to understand that in the case of this stock market and and in the case of trading for the most part um the challenge for us okay as Traders is trying to figure out who is in control of a technical chart if a technical chart is showing us that buyers are in control why would I be shorting that stock and on the flip side guys if we see that we are that that we are in front of a technical shirt that is under the control of sellers why would I be buying that stock it is it isn't that hard but most people do this guys they ACA technical sh like Best Buy this St had today their best day ever and they see this technical shart and and I don't know I don't know why they see a a a put options opportunity why I don't get it why because the RSI is elevated this is a recipe for disaster guys this is a technical chart that is under the control of buyers I never short alltime highs and I never buy alltime highs either I just wait for the stock to settle you know and some people see shorts like Dollar General DG right take a look take a look at this disaster and they buy the dip this is pure Insanity guys why would anyone would be buying the Deep on Dollar General do you guys think that this stock had today it's worst day ever for nothing so you guys need to try to interpret the net aggregated opinion of the markets again the net aggregated opinion of the markets and you need to understand the concept of the price being right 100% of a time so what what why would someone be buying the Deon Dollar General this doesn't make any sense this this CH is pure thrash it is absolutely broken from a technical standpoint most of these broken technical shirs keep going down so those are concept that you guys need to to get familiar with and if you do so you're going you you're going to see your your trading um improving substantially I would say for the most part yeah thank you Albert for your time and your appreciate and your level calls out our exception thank you thank you thank you you open my eyes to the 50 dma there you go that's a very important moving average yeah the 50 the 100 sure all of those moving averages are super important Mr Softy before I wrap it up let's go over Mr safy because we are almost one hour in here guys um yeah an hour already yeah okay so let me take a look at Mr sofy um it went up today 0. 61% and it closed the trading session at $413 12 um not a good looking shart guys below the 50 the 100 day moving average we can make a case that the Bulls are kind of Defending over here these three moving averages the five the 20 and the 200 day moving average so maybe we can make a case that if the Bulls of Microsoft can consolidate above the convergence of these three moving averages so say a process a potential process of consolidation above 450 bucks could be opening the door for some sort of push to the upside in which case we have a potential Gap up to the 100 dma at $455 take a look guys at how the Bulls were enable to burst above the 100 day moving average 100 dma on one two and three occasions recently it is an important moving averages so so sorry this is an important moving average seeing singular okay say that we start a position in Microsoft above the five uh the 5 dma 45 bucks and if we close this trade successfully right at the 100 dma $425 this could represent a 2.20% profit trade okay let's take a look at an anchor vwb in the case of Mr Softy from mtime highs let me see msft Microsoft Corporation let's see all righty take a look guys take a look at this enor V web that comes from alltime highs so Microsoft hit $465 back in back on July 5th so the average Market participant that started a position when Microsoft hit alltime Highs at $465 they have as of now an average price of guess what guys $425 there are no accidents nor coin inces and take a look at the spot that the Bulls were en able to recapture a few days ago and this spot also coincides with the with the 100 dma $425 guys so again what happened here guys so Microsoft collapsed from 471 bucks down to 381 bucks and buyers you know stepped in at 381 bucks and were able to push the price of Microsoft higher but the same second guys that these Market participants that were holding the back from multime highs saw their positions breaking even what did they do they sold out of those positions guys of course right away so this is a very uh this is an important level of overhead Supply in the case of Mr Softy so again guys U Microsoft consolidates above the the 200 the 20 and the 5day moving average of about 450 bucks I think that we have a potential test of $425 coming up and I think that $425 given the convergence of the 100 dma and the anchor vwap that comes from alltime high should should be a a a fairly tough spot for the Bulls of Mr softi and lastly let's take let's take a look at the market structure of Microsoft msft what do we have over here let's see and here we go look the market structure isn't looking good guys the demand is going down okay so buyers are are starting to walk away from Mr softi in minor time frames the supply is going down at the same time but you never want to see the demand going down ideally if you're going to go long any given stock you want to see the demand Rising so buyers are stepping in in minor time frames which isn't the case of Microsoft so a no touch guys below $413 watch out for a sh here guys Microsoft breaks with the demand going down guys there's a bearish case that we can make here so with the demand going down if Microsoft breaks the 200 dma to the downside um the 200 dma signal in as of now 410 bucks this is a short in my humble opinion so we go long M Microsoft above 44 bucks and we sh the hell out of this stock if the 200 BMA is broken to the downside at $410 per share and I am going to wrap it up guys is dma daily moving average correct Kev that is correct daily moving average very important moving averages guys the dailies or you can use use uh you can use smas or simple moving average or simple moving averages on The Daily it is the same okay guys thank you very much thank you for watching thank you for listening and I will see you guys on Discord I have i h i have this feeling that tomorrow we're going to have fun once again okay thank you thank you very much enjoy the rest of your day okay love you guys best regards from North Carolina from Charlotte take care guys thank you bye enjoy the rest of your day okay take care thanks