Make Or Break Week For The Stock Market (NVDA & CRWD Earnings)

what's going on guys happy Monday welcome back to the channel it's one of the biggest earnings weeks of the year so let's take a look on the weekly time frame at some important stocks and more importantly or most of all we are referring to Nvidia we're reporting Nvidia earnings on Wednesday it's going to be probably one of the most important days of the year for the stock market of course it's not only the the top three largest company in the world it's the leader of this pool market so when the market leader reports it moves markets right um okay so there's a other you know in all Industries there's a few stocks reporting earnings that are going to be important crowd strike which we talk about all the time on this channel the leader in cyber security we have things like Best Buy Dollar General and GAP if you want to look at retail because of the fact that interest rates are cutting the fact that we're changing presidents and the fact that some people are predicting the recession so retail and the consumer is going to be important there and then other tech stocks like Salesforce all right we'll start with Nvidia so let's go over here to nvda this is a beautiful chart right this is a strong uptrend here on the weekly time frame um you can see it's holding a moving average every time it tested it holds it even if we consolidate for a few months we hold and we pump again we pull back one close below it inside bar breakout we pull back Morning Star pattern right here on the weekly time frame okay we pull back back here Morning Star pattern on the weekly time frame though this pattern right here after the Morning Star it's kind of this um this is called a three white soldiers uh pattern three white soldiers um hopefully that doesn't get renamed uh to be more inclusive to three green soldiers it's just called three white soldiers it always has been okay and so um this is a strong bullish reversal Candlestick pattern right we saw the same thing back here right this is the pullback 3 white soldiers and just three strong closed bullish bodied candles without much of lower Wicks without much of upper Wicks that's the three white soldiers Candlestick pattern you pretty much have it every time this thing dips buyers come in in a strong way right and so that is presenting that pattern even here we sort of have a small three white soldiers pattern we have one right here as well right consolidate for the new breakout so one thing I want to note about this chart is the volume right on this most recent move right here right this impulsive move you saw the increasing volume then volume decreased for the consolidation but then unfortunately for the next impulsive move you had decreasing volume right there as well so that one second I think the baby's outside screaming um let's just wait one second sorry about that guys you have decreasing volume here as well on the impulsive move now you never want to see that you want to see this right increasing volume decreas inreasing volume on the pullback now this is alarming because we had higher highs alltime highs right into the stock split but volume was decreasing right and then if you note the pendulum was also decreasing right so what you ended up having was volume Divergence momentum Divergence in between you have a sharp red pendulum in between here you have a steep red pendulum green pendulum from last week almost non-existent this is I want to call this this is on thin ice right this is skating on thin ice right increasing volume on the up move then below average this blue line here is average volume during this consolidation High type flag bull flag below average you want to see that then increasing volume on this next impulse move that looks good right this entire consolidation right here decreasing volume right below average then you get that Spike you get that Spike breakout right that Spike breakout with the green momentum that that's a confirmed breakout so we'll see what happens Invidia continues to surprise and beat on earnings but it's skating on thin ice momentum is delicate right now I wouldn't play earnings cuz that's more like gambling especially if you're day trading or kind of short-term swing trading earnings if you're an investor and you're holding this from these breakout candles from these breakout candles um that's okay um if you have your kind of weekly signals as as we do um but again I wouldn't play this on the short term um because that is more like gambling so what else do we have going on let's take a look at Salesforce we can do that and again guys if you want a new if you want a system you can come here the jupyter penin momentum system is algorithmically back tested with all the large cap stocks in S&P 500 and it is proven since IPO for the entire history of all stocks you can see percent profitable The Profit Factor Max draw down and the average trade for all the stocks right AMD right here 121% Etc and we posted that data so if you need a trading strategy we have one right here with all the rules laid out that's entry rules exit rules and algorithmically back tested data um you know you can go through it yourself so there's no other system that that has that right okay now uh this looks pretty good so this thing pulled back now this is alarming because this was a deep pull back right this impulsive move it's not like in viia it really pulled back right it closed below oh no it closed right on the 618 Fibonacci um but again once you're once you're pulling back you know too much past 382 or past the halfway point the 50% Fibonacci retracement uh well then you know that that thing is really losing momentum so I'll say the same thing Divergent pendulum strong red pendulum and um one second guys I'm going to go um just close the second door just so I don't have to edit this video and you guys can watch this uninterrupted but this is going to take about 15 seconds I really apologize all right guys sorry about that um okay life with two under two so AMD um sorry CRM right here um you know again this this I'd give it a chance you kind of have a mini three white soldiers as well you're coming into this kind of weekly resistance level where you can see this is previous support previous resistance back here so this is kind of a key level right you can see if we draw that line out rejected boom bounce bounce bounce bounce bounce it's a key level so I'm not trying to trade that into resistance when um you have this consolidation here declining volume now if you get a breakout momentum candle out of that consolidation that's a different story right but for now I'm seeing a head shoulder shape big breakdown candle this candle right here is alarming look at the volume on this thing um you know I'd be scared of this candle right here as we just mentioned so again that's like gambling with this chart it doesn't look as strong as inidia we'll see if it can set up again but for now it's in this downtrend consolidation okay so let's see what else we have here one of the ones that I I I went ahead and and checked that that I thought looked pretty strong is Gap right um we're focusing a lot on Tech but look at the Gap while the rest of the market is pulling back a bit this thing's kind of the last several weeks or months it's been trading sideways um you can see the spikes the spikes the Spikes all these volume spikes coincide with the price spikes so these are clean breakouts right clean breakouts boom clean breakouts it's making higher highs and higher lows it gap down thread in the lower low but wlls actually bought it back up and it didn't actually close a lower low or even make a lower low right so this one looks strong it's above the moving averages what you're looking at is a higher high strong green pendulum bar strong volume and a pullback to a higher low above the moving average so if you can consolidate pivot or kind of break out here I expect this to move higher or at least it's looking a little bit stronger the red pendulum here along this consolidation is is declining right it broke out here but it's still declining right um and so just wait to see what's going to happen here I would venture to you know this is yes look at this this is the long-term moving average the oneyear moving average you can see that was a perfect bounce right there where the Bulls came in and defended that level so you know where your stops are you can have your stops below last week's candle if that's how you like to play it you're going to hold it as more of a long-term Investments you can have your stops below the moving average right and you can Target you know highs and and you have a nice risk reward profile on Gap right so this is U you know this thick Green Line means it's when it's thick it's outperforming the market Market stronger than than the S&P when it's thin it's underperforming the market okay so that's gap let's take a look at crowd strike I know we talk about this one a lot on the channel this is ugly right this um I would stay away from because this is an impulsive bearish move a fresh red tag on the Jupiter pendulum and now we're retesting the moving averages and we're below the one-year moving average actually rejected it last week you see how we couldn't close above it we have that upper Wick right and if you look at this this was a previous key level right let's draw this like so you can see this Wick rejection where you found buyers then we bounced off this level again now we bounced this off as resistance last week we also have an unfilled Gap to the downside right here and unfilled gaps act as resistance so you know this thing might well recover if the market goes crazy it is a former leader and it very well might lead again but I'm not liking the risk reward here you can see the Divergence in play right we've talked about Divergent pendulums look how weak it got here when you get a strong red pendulum on a normal looking dip but then you make a higher high with a weak with Divergence that's a warning flag that's a big warning sign you also said green candles no green candles Green Dots no green dots on higher high all kinds of Divergence there before the sell-off so we can't predict the future but we can listen to warning signs and if you listen to warning signs if you listen to red flags and you avoid them and you manage your risk you're going to do okay right it's not about predicting the future okay and so I think it was CRM um you know when you see things like this or Nvidia or yeah let's take a look at Nvidia when you see those uh I mean this to me is kind of a warning sign now we can still negate this it did gap down it did sell off the Bulls defended it so now how can you negate this well get a huge green pendulum on your earnings you got to blast to all-time highs with volume and pendulum strong green pendulum then you can start to be like okay I'm reading the momentum it's breaking out right but if you still have a weak green pendulum there no volume no green candles or green dots show up well then listen to these two big warning signs you're not going to you're going to want to really tighten those stops if you're an Nvidia holder right it's not that's not going to be looking good if that's where we go we can take a look at Lululemon I know that's a popular stock to trade wow that thing has sold off I haven't checked this stock more drastically than the rest um look at this heavy selloff right fresh red TXS I'm not touching this with a 10t pole you know it's not even it's testing the two the first FIB level right now the 236 and it's testing the short-term moving average but it's a fresh red tag to me you're looking for shorting opportunities in this kind of area right here right you can see this was previous area previous structure resistance or support right and so that's a key level to keep in mind uh the only good thing I will say here is on the daily strong green pendulum and a lower time frame tag Green Dot showing up but it do has a lot of work to do right to to recover itself okay okay let's take a look at Dell this has been one of the market leaders as well so it finally sold off bit of a warning sign but it didn't tag a red or anything like that but it's below the short-term moving average it needs time to recover again those earnings could change everything they are kind of like um playing um you know it's kind of more like gambling so you have to be careful Best Buy Here Best Buy consolidating this is a low chart that's been in this me this like Mega two consolidation so what I like about this I don't see anything yet but when you have something like this well then it's you have a shade flip here it's in profits by the way so you have a shade flip here that's also in profits when you have something like this and it's forming this sort of bullish pennant thing or bull flag well this is a long-term you know this would be a beautiful setup if you get a breakout candle this week with strong above average volume momentum candle right with a Green Dot um that would be a beautiful setup cuz you're breaking out of 2-year consolidation right and it it look like some bears are trapped ER you know they got caught off on his gap down earnings caught people off guard and and then there's going to be tremendous upside right so I I'll pay attention to Best Buy and I'm actually going to add it to this watch list I have here where I'm testing some things this watch list is just the NASDAQ 100 as well as the top 200 largest market cap stocks um so and and the ETFs so that's Best Buy reporting earnings let's do one more um we already did a few of those Marvel uh that's another let's do a Financial stock so we have Royal Bank of Canada r y reporting earnings on Wednesday so let's take a look at that um this is on the TSX the Toronto Stock Exchange so this is different right this is a leader right now this is this is outperforming the market it's in this steady uptrend and this is what you want shade flip call the bottom right profitable since then you break out to higher highs with momentum dots break out to higher highs with momentum dots breakout to higher highs last week with momentum dots the same morning start pattern that we see across a lot of the market then a breakout confirmation so to me if there's any kind of earnings chaos but then it holds and you form an inside bar or something the Bulls recover this is a strong Contender to continue upwards when all-time Highs are a very bullish thing um and so that looks pretty good for me guys that's it for today it's a big week don't gamble too much um you know tighten some of your stops if you will don't take trades on the day of earnings if you're trading that stock that's reporting earnings uh it's it better to wait to see how the week closes let the dust settle Nvidia is reporting on Wednesday so we'll have time to see how the dust settles um on Thursday on Friday as the week closes okay then we can make better more informed pragmatic decisions with more information and less emotions all right guys thank you so much for watching if you enjoyed this video share it with a friend make sure to check out the free 2hour masterclass for free the free 2our master class for free much love peace