 Hey guys, this is Hydra from Xtrades back with another weekly Video so in this video, we're gonna go over Overall market and look at some individual tickers that have been acting on more recently So as usual, we'll start off with the indices or we'll start off with SPY first So, um, yeah, I'll take a look at the weekly chart first So SPY is looking really really good here I'm really strong weak and we finally got that breakout over that 418.5 level and yeah We got really nice follow through last week and yeah, really good action So let me just move everything real quick But yeah, as you guys saw before We are making a new uptrend here since last October and we've been holding on to it really really well And yeah, so far really good action, right and the other major thing that We should look out for is that we finally broke this level, right notice how many times we rejected we rejected here We tried to break out rejected We rejected again here and then multiple weeks of consolidation and then we finally broke out, right? So this is very very key. This is the first time in almost a year. We're actually over a year that The SPY has finally breaking breaking the downtrend Broke the space essentially, right? So this is the start of a new uptrend for sure and Yeah, really good action overall and I think the next target here would be Yes, we already hit this 427 level so the next target would probably be around this 453 level got a rejection here rejection here and then rejection here So definitely 453 would be the next target and yeah, that's a lot of upside potential, right? So Yeah, definitely a lot of room to the upside here But we want to make sure that we're consolidating and not going up too fast because then will they extend it and we can pull Back down pretty hard, right? So we want slow consolidated moves upwards slow grind higher would be the best for balls Now we'll take a look at QQQ So QQQ has his way ahead of spy So let me remove everything So this is the So this is the uptrend that QQQ has been making recently Since the start of this year, right? And now we're getting pretty extended here but Also, this is the base that I was talking about with SPY, but this is QQQ space So QQQ broke it and this way ahead, right? And now it's going To that 370 target So QQQ has all broke it actually broke out two weeks ago Where the SPY only really broke out last week, right? QQQ has already been breaking out and this way ahead of other Ticker so tech is very very strong, obviously and it's been leading the last couple weeks But again, we want to see some healthy consolidation The bull flag form and that would be good action, right? Healthy pullbacks are completely normal, especially since we're so extended right now So yeah, definitely don't get too aggressive Way for pullbacks way for good by the dip opportunities and yeah, don't get too aggressive here But yeah, next target for the QQQ would be this 370 level, but yeah, and looks really really good Take a look at the daily chart Yeah, got extended here pulled back a little bit and now it's back at all-time are 52 week highs but they're really good action But a pullback to you would want to see a pullback more for more consolidation around this area. So 350 350 to 354 would be good consolidation range And ideally you want to see indices rest and then more stocks You want to see more growth stocks also start turning up higher Which has been happening recently actually let's take a look at ARKK So ARKK has also broken out out of this 40.8 level So this was a really big resistance level checked it here once twice tried to break out failed Tried to break out here failed and then now we're finally above it again So we'll see what happens, but yeah, ARKK is also turning up for the first time in a while so that's also good action and Yeah, a little upturn starting here, so we'll see how that goes But ARKK also really good action And you have growth stocks to start turning up soon, then they can really go They have a lot of potential since they're so beaten down for example take a look at this Weekly chart right here KK super super beating down so if these stocks start turning up again They they can make a really really big move. I'm talking double triple, right? But yeah, really heard really good action so far, but we'll see what happens And you have a lot of potential for these type of stocks Okay, now we'll take a look at the big cap. So we'll start off with Apple Apple's pretty much High all-time highs or it's almost there. So again really strong gap up this week and really nice. Yeah, really nice move to the upside Yeah, so Gapped up on Tuesday consolidated for two days and then on Thursday got a really nice move up and then on Friday ahead resistance But still close pretty strong. So really good action for Apple and Yeah, we have resistance at this 181 level and if that resistance can get taken out Then we should definitely see new all-time highs very soon, but Apple is very very extended, right? Look at all these green weeks and look at how many green weeks we have in a row so ideally you want to see some consolidation for the next couple weeks and If that can happen then if Apple can consolidate and pull back a little bit and form some sort of bull flag Then I think very good chance that will break out and make all new all-time highs But really good action from Apple Next up we'll take a look at AMD AMD had a really strong gap up and They pulled back in because I got a way to extend it and now it's just consolidating. So as long as it holds As long as it holds this 117 level, it should be it should be fine But if we get below that then it could be a short play all the way back down to 108 just a gapful play but AMD is holding up pretty strong and I don't see anything wrong with it In general all semiconductor names like in media are holding up very strong said media also huge huge gap up huge volume Got all the way up to 420 and got extended and then pulled back hard and Yeah, right now it's still consolidating so not much to say right now, but you definitely want to wait for the moving averages to catch up and More consolidation since a gap up so much right take a look at the weekly chart Yeah, look at how extended this stock is right you definitely want to wait for more consolidation and Then it could be a play but right now this would just be an avoid for me just because it's still so extended It has been consolidating for a couple days now, but still it's such a big move from earnings So I just want to wait for more consolidation another Semiconductor name that had a really strong gap up was SMCI Take a look at this weekly chart. This one's crazy, right? This one's just been on his crazy uptrend this entire year and last year too So this is another name to keep on your list and this one's actually acting even stronger Yeah AMD is closer to its gap up lows, right? For example AMD is pretty close to its gap up lows for this one. It's not even that close It's still way above right compared to its gap up lows So yeah, this one's definitely acting a lot a lot stronger and this is one that you definitely keep on your radar It's a long-term play because this one has a lot of potential a lot of buying The last year right so a lot of institutions have been loading up into the stock and they're not selling So this is one that you want to pay attention to Next up we'll take a look at Tesla Tesla has been acting really really nice here, too Let me remove everything so key resistance level was Around this 215 level and Tesla hit that on Friday. So now it's getting pretty extended because we had five days We were up five days in a row So now you want to wait for some sort of consolidation some pullback And then if it can form a bull flag and then break out again, then the next target would be 230 flourish. Yeah That's pretty much it for Tesla, but really good action recently the last week nice move up Next up Netflix So Netflix was a really nice setup on this day on 526 it was a very good buy setup and if you bought it then then you would be sitting with the Pretty good profit right now, but it's also setting up again here low bull flag for me again So if this flag gets taken out then it can continue for another leg up And if that happens then Netflix has no real resistance until This is 464 levels. Oh, Netflix has a lot of room to the upside. So this one's definitely one that you want to be paying attention to Yeah, took a pretty big hit in 2022 So yeah, so this one also has a lot of room to the upside as well. So definitely keep an eye on this one Next up we'll take a look at Microsoft So not much to say for Microsoft really Just like Apple is grinding up higher and higher and it has no resistance to basically all-time highs so 345 is the next the resistance level and I Think we can use more consolidation just because it's been up for so many weeks in a row Have more consolidation like this year So just a few weeks going sideways and then hit 345 and yeah Microsoft looks pretty good Met up also making a really big move this week Yeah, this one has no resistance to 295 again like Microsoft and Apple it's getting extended So you want to see a few weeks of sideways action and then continue and then another leg up to 295 Same thing with Google Google has been consolidating more so this one can hit 130 very easily But also yeah, Google is also acting very well, and I think this one can hit 130 very soon Yeah, this one's not as extended so it can hit that target much quicker Okay Think that's all the big cap stocks. I wanted to talk about now. We'll take a look at some individual tickers. So AI So this has been like the hottest stock, right? recently the AI team has been the hardest team as well, so This one has had a really nice gap up and then really big volume and then pulled back in pretty hard from earnings But it did get bought up on that day. So right now. It's just consolidating here. Let's take a look at the weekly chart So had a big base breakout And I was consolidating so you want to see more consolidation because right now it is still very extended on the daily You want to see better action right right now? It's just going it's just pretty much one vertically upright So you want to wait for more consolidation more tightening and then this could be a good setup But definitely one that you want to keep on your radar because this could be a good long-term play as well So yeah, definitely keep this one on your radar and in general all AI Stocks should be on your radar because that's the new theme right now and a lot of money is flowing into those sectors um Okay, Carpana this one This one is a stock that has a lot of squeeze potential So when this one moves this one can like make really really big moves, right? So for example from the lows this one already this one in the past made a 465 percent right and just recently when it gapped up and now that's a 80 yeah, 77 78 percent, but if you count the highs that's a 86 percent right move So this one has a lot of potential to make quick moves fast So this is one that you want to keep on your radar if you're looking for a swing play so right now It's forming a low flag here more consolidation would be good But yeah, this one has a lot of potential and one that you want to keep your eye on for a quick gains Then GLBE So this one's forming a really nice bull flag here uh Here's the bull flag and on the weekly it's also shaping up really nicely So there's the big base over here, right? and uh We've been consolidating right below resistance level for three weeks now So this one's ready to break out and I think if this one breaks out it has a lot of room to the upside so this is a really good risk war play I'm watching and Yeah, it has first major resistance. It's all the way up to like 53. So yeah a lot of room to the upside for this one Yeah, yeah, this one's definitely one that you want to keep on watch and then We'll take a look at pound tier so pound tier had four weeks of complete upside right and now It's forming a little flag here And this stock is also following the ai theme. So yeah a lot of money flowing into it Um, but yeah pound tier still extended here, but it has four days of consolidation So it did form the next leg up But ideally you want to wait for more consolidation and just let a rest for a bit But yeah, this one can also go next week as well And then finally upstart upstart also same thing as pound tier has the ai theme going for it And this one is also a little bit extended, but It can also continue going here And yeah, really nice volume right on the weekly It finally broke this big base and rejected multiple times here rejected here And now it finally broke out and has big volume So this one can start a new uptrend and this is one that you want to be paying attention to But yeah overall ai stocks you definitely want to be paying attention to so ai pound tier upsd But um, yeah, that's pretty much it for this week. Thank you guys for tuning in