THE VIX, SOFI, NVIDIA, NIO, DOLLAR GENERAL, SUPER MICRO COMPUTER STOCKS!!! (HUGE SELL OFF!)

Intro YouTube YouTube YouTube we've got a lot to discuss today so I thank you guys for tuning in please hit that thumbs up as we continue to grow the channel I would appreciate it so guys it's been a crazy Tuesday to say the least and we're going to talk about exactly what happened but before we get into that there's going to be different segments in this particular video because at time sake I've been traveling so my apologies for not doing it like I normally do but hey if you want to see a specific stock or a specific subject you can click in the chapters in your upper right hand if you're using your desktop but if you're on a cell phone you can click a chapter on what you want to listen to in the bottom now let's go ahead and talk about What happened in the markets today? what happened today so the Dow syn 600 in 25 points a day or 1.5% the S&P fell 2.1% and the dashdaq fell 3.3% now a lot of people are saying today felt like that August 5th sell off I can't say it was that bad but the ISM Manufacturing survey once again came in weaker than expected and that was enough to send Market participants fing pretty much everything but consumer staples and real estate now now the bond prices also jumped meaning yields declined the 2-year treasury yield was down three to 3.8% the 10year yield was down 3.84 3% now September is historically a rough month for the stock market with the S&P 500 averaging a decline of 1.2% during the month going back to 1928 but worries about recession have ALS Al resurfaced again now the stock market will need to send signs of resilience in the labor market from Friday's August employment report which is what the market is really waiting on so it may be a little bit of stagnant uh movement going on over the next couple of days but if Wall Street gets another week report that might spark further selling on fears that the Federal Reserve is behind the curve on interest rates now let's go ahead and talk about The Vix the vix so for those of you that don't know what the vix is this is something that a lot of Traders play in order to make a lot of money and so you can see the vix CBOE Market volatility index is up 33.25 per and I thought about getting into this on Friday but I didn't do it now if you don't know what the vix is uh basically the vix is the ticker symbol and a popular popular name for Chicago Board ex options exchange CBOE volatility index which is a popular measure of the stock market's expectation of volatility based on S&P 500 Index options and so if you got in on on the the vix a day let's say you put you know $100 in on this thing you would have 133 $ if you put $10,000 in on this thing you would have $113,000 uh give or take and so the vix is is something that you you're seeing become a lot more popular as it pertains to Traders really cashing in on the volatility of the market so again you want to be careful with something like this if it's something that you don't understand I would stay away from it but for me obviously you know it's something I understand and I get into it from time to time I made a decent amount of of money this year on some trades the little that I have traded I would say I've I've made a little bit of piece of change on it okay so overall yeah the vix is something we want to keep our eye on and usually when the vix goes up okay that means the markets are coming down so I'm going to bring up uh a a map here for I'm sorry a graph here for you so you can kind of see what I mean all right so you can see here that in the blue here is is The Vic so this is what this is what measures the volatility so you can see as it's going up the S&P 500 is coming down so you can see at this line here is going underneath the line and is exponentially going down but as that goes down the vi is going up so again um if you're getting into something like the vix I mean for me I I normally get into it like a swing trade if it's something I'm GNA do so when the markets are just absolutely going ballistic then I'll slowly start to buy bits and pieces of of the Vicks and then once the the market starts to come down you'll see it turn green in your port folio for the vix and so again this is something that you know if you're a Trader something that you you may potentially be able to capitalize on all right now unfortunately one of our Sofi favorite stocks on this channel SOI just you know just took a hit just because the overall markets just weren't in a good place today and so for me it was an opportunity to just buy little bits and pieces of so so far because once things turn around in the market this thing is going to continue going to the upside now as we look at how we kind of shaped up last week we got as high as 826 I think on some of the days it may have been been higher than that so 830 it looks like was kind of the high of of last week but unfortunately it this is just a part of the the hit that the overall markets are taking so I would say this because we have more economic data coming out the rest of this week I think that SOI does have a chance of going back to the upside because there's not much else that's really hindering the current price of of SOI and so this would be one of those stocks that if if there's a a slow melt up type of day or a big recovery day this thing is going to go back over $8 for share now more specifically for economic data we're going to be looking at job openings Factory orders and then we've got fed B beige Bo is going to be speaking at 2 pm now Thursday we've got ADP employment at 8:15 a.m. initial jobless claims at 8:30 us productivity which is going to be a revision US unit labor cost revision and then we've got S&P final us Services PMI and then I ISM services so all of that is going to take place uh in the morning of Thursday between 8:15 and 10 AM and so in order for Sofi to make a turnaround for the week we are going to have to have good numbers uh from there but that's not going to be the biggest part of the week Friday is going to be massive so f is going to be the conclusion of the overall markets and how investors Traders see this particular week and so at 8:30 we've got us unemployment we've got uh us unemployment rate we've got us hourly wages and then we have hour hourly wages year-over-year and so all of that going to be taking place at 8:30 it's GNA be a lot of data coming out and so that's going to have a big impact on the overall price of s and then at 8:45 we've got New York fed president Williams speaking and then at 11:00 a we've got fed government uh Governor Christopher Waller speaking now the reason why I bring up some of these fed speakers is because they could potentially have some insight on interest rates or if they say something that differs from what we've heard from from Jerome pal speak of over the last couple of weeks then that can be a impact on the market and the markets would be confused or they would price in some of that information that they would speak of so overall for so far a lot of the movement is going to depend on what's going on with the economy because not much information has come out about so far aside of the things that are going to impact it for this particular week Nio all right now let's move on to Neo and Neo has had finished up uh 2.72% on the day and it looks like it got as high as $418 so it closed near the high of the day now the reason Neo is going up today is because Neo is going to be having earnings in two days so September 5th is the big day for Neo and I ran into an article that speaks about what what could potentially take place and it says this factors to note if you're thinking of buying Neo stock pre Q2 earnings and it says uh China based EV company Neo is slated to release second quarter 2024 results on September 5th before the opening bill now let me stop right here a lot of you think that I'm I'm bearish on Neo I'm not I'm actually bullish and if you actually have been on this page for quite some time you would know that I'm bullish but I can't sit up here and give you guys false information and act like there aren't issues that have to be addressed within this company so I am bullish but as of right now there are things the company needs to work on and so I have to be truthful and I'm just sharing what's going on okay now the exact consensus estimate for the to be reported I'm sorry is pegged at a loss of 46 Cent a share on revenues of $2.35 billion and it says a loss estimate for the second quarter of 2024 has widened by 11 cents a share over the past 90 days which is not good the bottom line projection indicates a year-over-year Improvement of 99.8% okay which is good the Z the Zach's consensus estimate for quarterly Revenue suggest a year-over-year surge of 94.5% so for me overall we're not in a good time but I truly think there's going to be a big turnaround for this company and so this is why as we've been falling I've been buying little bits at a time and I mean I'm I'm up nicely in in my portfolio my main portfolio with Neo and I've told you guys I've been running covered calls on this thing forever and it's been keeping me AF flat and and and in profit and as this thing turn around and goes back up we're really going to be in profit okay now it says for the current year the Zach's consensus estimate for Neo's revenues is pegged at 9.17 billion implying a rise of 17.8% year-over-year which is good but for me a longterm bull I I'd like to see that a lot better than that but I understand the state of the economy globally interest rates and all these other things that have an impact um margins having to be reduced in order to get these units off the Lots I understand all of that but I still would like to see better than that okay now it says the consensus mark for the 2024 bottom line is pegged at a loss of $143 per share indicating an improvement from a loss of $1.75 in 2023 which is Improvement as it says and it says in the trailing four quarters Neo surpassed EPS estimates twice for as many misses which is good with the average negative earning surprise being 8.02% so I'm going to talk about what I can potentially see for this the price of Neo over the next couple of days so I think tomorrow will continue to run up you know maybe to to to Midway um during the day and then consolidate throughout the remainder of the day so if I zoom this out okay I can see Neo ending the day somewhere between 425 and 449 just because there's going to be hey now the day of earnings I would expect it to potentially be flat to a runup and then probably uh sell off before the report actually comes off out okay so that that's the way I kind of see this thing playing out but for specifically for tomorrow I see us getting somewhere between 425 and 449 um as far as closing the day tomorrow I would say we could potentially close at about $425 so I think it'll start off hot get somewhere in here as the day goes off it may cool off somewhere in here now for the overall week this is what I'm looking at okay if Neo brings in numbers much better than expected now we're looking between 463 and 477 on the week and I'm being modest because if they beat expectations it's still probably going to be more than likely negative EPS so it's not going to be like over5 unless it's really close to zero now if things do not go well guess what we're going to be coming back to revisit about $46 2 cent so overall this is what I'm seeing for for Neo for this week and I'm just being I'm being truthful for what I see I'm not bearish I'm I'm bullish on this stock long term Nvidia okay now let's talk about Nvidia so Nvidia again has been one of the most iconic stocks of 2024 one of the greatest movement to the upside of all time for a a blue chip stock would say yes you've seen these things happen with penny stocks and uh stocks that aren't historically around long term but to see a stock of of of Nvidia stature make the move that it has this year has been unprecedented now today Nvidia fell nearly 10% and so in the after hour it looks like it extended is fall to another 1.5% so we're currently at $106 right now now and so you can see on the weekly chart we kind of formed this double top here uh we got rejected kind of in the same spot as as the last fall which was about $131 44 and so we've been kind of coming down since then now the next leg down that we could potentially see if we cannot recaptured some of the losses for this week is going to be 104 if we cannot hold 104 guys probably gonna be testing $100 again and if we can't hold there we' be looking at $95 again so in a nutshell we want to see uh some strength as we go through this week of a lot of economic data a lot of uh uncertainty geopolitical issues things going on as far as where War across the globe and then on top of that it's just a lot going on with with growth fears right so a lot of investors SL Traders are worried about the growth of of tech as we kind of go into the last quarter of the year and so a lot of people are going to start taking profits a lot of people are worried about you you know what's going to happen during the presidential election a lot of people are are worried just just overall and they don't know what's going to happen as we get into gear of this historic month that typically is not good dating all the way back to 1927 so as of right now for me it's presenting good buying opportunities today I bought some Nvidia not a lot but just a little bit because you know we can't time the bottom all we can do is is dollar cost average into our long-term portfolios and so for today I just bought a little bit if it falls to $100 tomorrow or somewhere in that range guess what I'll buy a little bit more on Thursday if it goes to $95 I may be a little bit heavier so ultimately I just view this as an opportunity to really get in um and so so for now I'm just taking what the market gives me now if we're going to be going back to the upside for NVIDIA we are going to uh we're gonna have to recapture 119 119 was a big level so we kind of played between 117 and 119 at moments last week so we would have to recapture uh 117 which is just slightly above this big fat candle here and then we can proceed to move back to the upside and ultimately I would say at least for this particular week we would need to at least end the week on how we started and so yeah 116 I would say would be good if we could end the week at around 116 if not you know that historic uh run is is is continuing for the month of September although history shows that the the last two weeks are the worst of it and so with the start off like this it's not really good for the overall market now let's move on to smci now I'm Super Micro Computer G be honest with you guys I am currently bullish on S smmci also known as super micro computer and the reason is because it looks like it's fighting to make a comeback but with everything that's going on in the markets is kind of being stalled on the movement it really wants to make to the upside so by it showing strength today makes me bullish and when this Market turns around I think we're going to get back well over $600 just because I can see the the the selloff is has kind of tapered out and so overall when we get out of September or SL October maybe going into November December maybe during the Santa Claus Rally or something like that this thing is going to explode so I have this on my radar I've been slowly bound a little bit at a time and I think the time is is is now and when I say now I mean whenever this thing starts to turn around for the overall market so we talked a little bit about super micro last week and it looks like things are are starting to tape Dollar General off now same thing with with Dollar General I think it's gotten to the point where is it's pretty much sold off as much as it's going to do uh on its own on its own Merit I would say so once this Market starts to turn around I was expect it to start to make a some sort of a recovery but overall everything that's going on again with the market it's just taking a run of that but you can see we ended in green we ended almost 1% up which is good and so over the next you know couple of months or so you we want to see if we can recapture $1 okay I think $100 is not off off the table um it will get us halfway between that 126 that was a high back on August the 21st and so for me I'm I'm looking at somewhere in this area for it to to recover over the next couple of months and then if it shows a level of strength there we can work our way back up to the 114 area and then back to 126 but uh just like someone commented today I'm in the same boat I think the biggest issue that they have is De but like I said in in in that video I spoke about there are internal things they need to work on think some of the regional managers need to be more informed on what's going on with the stores that they they manage regionally or sectionally how however that management works uh and and for sure the store managers need to really uh hanker down on what's going on in those stores because like I said at least where I am and the places I've been to outside of where I live different states different cities things uh really need some work in those stores as far as what's going on with uh availability I would say so I'm just gonna leave it at that I'm not going to expand more on that if you want to hear more about about that go to my Dollar General specific video well this is what I wanted to talk Outro about today uh I will be doing some price predictions on some of the other stocks I normally talk about in the shorts so we'll talk about Tesla Apple um you know Microsoft some of the the usuals we we typically talk about so be on the lookout for those in the shorts overall guys I appreciate you guys for being here please hit that thumbs up as we continue to grow the channel I appreciate you guys and we're out peace