 Welcome back with us folks tonight. We're discussing about last week's Watchlist how we came up with a few of the names and how to perform during the week We'll talk about Facebook and you Expedia Las Vegas Sands Let's get this through and start with Facebook look at how we I'll put it back to one hour chart we Mentioned Facebook on Monday where this Was a breach under an old support at 326 look at this bottom here and this bottom there One thing that came Destrike me was This is what it looked like on Monday was on a rapid descent and I was under the impression that this Could Could be looking for Triggering stops and then we could probably pop a little above This down turn line instead. I mean if we continue this I Mean, it's it looks like it's always it's it continues to go down And then it could bounce from there That's not why we're watching it and I'll show you why I was watching it in the first place, so 333 223 2260 was an old support We breached under and on Monday. I was like, okay, if we can stick above that I've mentioned and we've played this over and over again the line between 330 and 3 330 and 335 is a channel where it kind of stays in I mean if you continue that it Probably looks like that and it would probably looks like this here So it's a channel where it stays in between now. We're lower than that channel in the second channel below and I was under the impression that if we were Going to step back above this line the 322 line We could probably reach the top of the second channel which was 335 but instead of breaking it we Tested that old support again. Why was this support ma zoom out a little bit to show you and on the daily you'll see how This I mean it clearly shows how It was support From pretty much a long time Yes We breached a little under but 332 322 is 60 is a long time support So this is why it made it to the watch list because we were Attempting to breach under And then it's it grabbed support and it became Above it so The idea was why were we watching it? We were breaching support. However, it felt like it could pop above again so I'm going to still watch it because we're holding pretty well on this 322 6 and We prefer to buy the bottom than to get caught in the middle, right? Because if you get caught in the middle somewhere here, it's either, you know, you read that you get into profit You read you want to be in at the bottom for that for that play now next ticker over is M you now this one used to be the black sheet of the semiconductors now It's getting some love and given the fact that Semiconductors the man is extremely high and this one is not different It has a lot of strength and if you compare the strength it has better the rest of the market It is doing very very well and this is why on Monday we were watching it We hit all time high me screw We hit all-time high the week before Here at 98 45 and on Monday we were opening on old support I'll show you that in a second and when it sticks to support It shows you that maybe we can bounce and retest The level that we had and if you look at this here 98 45 and this is another 98 and this is very close to closing to the 98 where it closed at 97 50 something well 36 on the day, but this this is after hours We are very close to a triple top and trying to break through here So we were watching it on Monday made it to the watch list because we were on support Where from I'll show you that in a second. Let's move out here This is the one hour chart and look at what it looks like It used to be this guy that went to buy all the way up to here and no I'm going to sell so it became this point became resistance. This is not so long ago, right? It's 27 21st of December and and then We are using this yellow line the 91 ish line as support which We tested on Monday morning Remember I told you Facebook we tested under the old support now This one is right on it and it showed that it has a lot of strength When a mark even the one the market's pulling back this one is still writing pretty well now next one over is is Expedia X EX PE and if you look at the chart It looks very similar to what we had just seen on MU on Monday and made it to our list because of this we were here on support right and Here look at how we're testing support again. We hit a high there Sounded what I showed you with Facebook and then we hit the bottom and want to be in When it takes off just to give you a small idea From here to there during the week from Monday to Thursday to 190 see the 190 calls went from 90 cents to a Four dollar total and this is next week Expiration not ending on Friday next week expiration So they went from 99 cents to four dollars just on this upper move so We made it to the the the watch list for a reason came on support right there on Monday Also, it was upgraded twice To a buy rating and had a raised Price target, so these are the things that we look for support Upgrades and This was a PT raise so this Expedia made it to wash list for these reasons now next one over Now this one is Las Vegas Sands LVS. It made it to the wash list on if I believe Tuesday not on Monday. So basically we had Monday the bottom I'll show you right here the bottom was breaking through and I'm not gonna lie here pretend that we got in on this Play no because it made it to my wash list Here and here's why look at this yellow line again, you know, it's support and support Yes broke through pretty much just like Facebook did right and then it regained Here Started the day before ahead of support higher than support and What I liked about it are a few things. It was upgraded. Yes, but we have Chinese New Year coming up and a lot of people are going to Macau For the Chinese New Year, which is pretty much the Las Vegas of near Hong Kong Had a lot has a lot of casinos there. So Yes, this was a good possibility since we were holding support that we could rise Towards the Chinese New Year coming up. Also, let's meet. Let me zoom out from this showing you how this this support line is Pretty strong. Look at how it used to be Pretty much testing here on support it tested support again tested support again and then it broke under and Basically, sometimes I think that they're going fishing. They're grabbing a lot of stops Cheap shares and then next day what happens? We're still above support and off we go for the move and what happened on Friday Here is they got they have changed a few of the regulations for Macau basically now this is becoming very bullish for them and Remember that Thursday We had Delta Airlines Recording also had Expedia. We just talked about earlier in the week. So basically to travel Sector is doing pretty well this week. So this is why this made it to the Watchlist so remember things that I'm looking at are a reason in this particular case We have the Chinese New Year coming up. We have the It was upgraded The sector is doing pretty well and I'm looking at the chart. I mean it looks decent. It looks like it's really well Bouncing on support on all of these points. So remember When we say it gets upgraded it doesn't mean it's going to go up Means people that are going to look at it It might create volume and sometimes if they're creating volume for good reasons like this particular case It makes it pop and go higher. So I hope this helps I will try to post a recap of watch list As often as possible and thanks for watching folks