 Hey guys, this is hydro from x trades back with another weekly analysis video or overall market analysis video and Yeah, to start off. We're just gonna look at the indices. So we're gonna take a look at QQQ and SPY first So, yeah, this is how the QQQ has been doing recently Recently not much has been happening, right? We had a really nice break out We finally took out this 313 level and that was a that was a pretty significant level to take out Right because that's where we rejected multiple times before right? So we rejected here once rejected here again projected One time two times and then third time was the charm and then we finally broke out and Yeah, we back we tested this level again. Um, yeah burst cut passed down many times back to this level Couple days But yeah, both were able to bounce back. But right now both haven't been able to make any progress, right? Right now. We're currently just stuck in this little range. So Yeah, both really need to take out this 321 level if they can take that out Then there's a good chance that we can continue higher if there's take down this 313 level There's a good chance that we can go back to this range here from 289 to 313 So, um, yeah, those are the potential scenarios that could happen. But right now, um, I would say action is yeah Just pretty choppy overall, right? You can't really say much. You've been just chopping around Yeah, let's take a look at the weekly chart The weekly chart looks a lot better for bulls. It looks like we are making a bull flag, right? three strong up weeks in a row and now we're just consolidating nicely and Yeah, this looks like a really nice bull flag actually on the weekly So that's one way to look at it another way to look at is that bulls just don't have enough power to keep this going and that we might see a rally or we might see a pushback down, but Yeah, that's currently what's going on with the markets This is yeah specifically tech focused now. Let's take a look at the S&P 500 The S&P 500 same thing, right? Um, yeah, it's just been really choppy This is the key level that we need to take out for 19 for 18.5 The trend line has been holding for that SPY. So that's a positive, but again If bears take out this 409 level, there's a good chance. We can just go back into this range here from 376 to 409 and just keep chopping around for a bit Yeah, bulls really wanted to Bulls really want to see this 419 level to take now, but yeah, we'll see what happens Let's also take a look at the weekly the SPY Um, yeah, the SPY has actually been doing better than the QQQ The QQQ has been going sideways, right? The SPY is still grinding higher a little bit the last couple weeks Um, yeah, that's pretty much what's happening with the overall market Make sure you're not too bearish or too bullish And I think cash is the best thing to do right now Especially if you're trading the indices because yeah, there's just not much happening, right? Um, if you're swing trading a lot, you're probably just getting chopped up And uh, you're just losing premium left and right. So I would say cash is the best thing to do And until we break um either the upside target or downside target, then yeah, there's just no clear direction right now So I'd stay in cash Um, okay, we'll take a look at Some of the big tech stocks start off with apple Apple has been holding up pretty pretty well, right? um It's definitely holding up a strong uptrend here and it looks it really looks like it wants to break this 166 level But yeah, market is just way too choppy, right? Right now, but if the market does Um, if the market is able to break its resistance level, then there's a very good chance apple can also break out And make them move back to 176 Um, yeah, but right now apple looks really good nothing too concerning and definitely more bullish bearish Now we'll take a look at amazon So amazon same thing right amazon's actually been holding up really really well, and it's actually been moving Um, yeah, it's been moving up while most of the while most of the market has just been going sideways Um, yeah, amazon actually had a pretty nice three-day rally last week on starting on wednesday Thursday friday Um, yeah, it's been acting pretty well new uptrend starting to build here. So we'll see how that goes but um key resistance for amazon is around this 109 level, so we'll see if that can get taken out actually, uh I think 112 level is more accurate There's a lot of support here previously and then we broke down and got rejected again here So yeah, amazon has all the way up to 112 and then that's where we should see some major resistance start forming Um, but yeah, right now amazon's doing pretty pretty well. So um, yeah, nothing too concerning again more bullish and bearish Um, here's a look at nvidia So nvidia has been following the market more. Um, so this one's also just chopping around right So this one's also very clear if we take out 280, there's a very good chance that both will Make another leg up and if 261 gets taken out, there's a very good chance that um bears have A chance to push this thing back down, right? If that does happen The target for bears would be 242 And then if we end up going even lower than that, then Could be a chance that we could even gap though to 212, but right now I would say nvidia is more bullish than bearish Um, yeah, it's been it's been it's made a really nice move this entire year, right? And I was just consolidating so that's completely normal action Yeah, it's just taking a breather And um, yeah, I wouldn't be surprised if we pulled back more potentially even to this 242 level, but um The overall nvidia has been acting really well. Um, this entire year so far Next up we'll take a look at tesla So tesla has been doing too well this week or yeah had a gap down on thursday on uh increase in volume so that's not a great sign, but Um, yeah, I did end up closing in the green on friday, but uh, yeah, so what we want to see on tesla is If we can reclaim this 167 level or even 170 level There's a chance that this can reverse and end up going back to or end up gap dealing and going back to 178 And uh, yeah, good chance. That would just be stuck in this range again. That's the best case scenario for bulls, but um, yeah, if this 160 Double gets taken out. There's a very good chance that tesla can go a lot lot lower and even Go for this gap fill at 145 But um, yeah, that's how tesla is looking right now tesla is one of the few stocks that is looking a little bit more bearish and bullish, but You know, we'll see if the overall market continues to act strong Then there's a good chance that tesla won't get pulled back down but if market does roll over tesla would be a good short play to look at And um, yeah, also a key thing to remember is that a lot of stocks have um, a lot of the big stocks have earnings reports coming out in the coming weeks. So um, there's a very good chance that that can make a That can Cause a major move in the markets, right? So again, you don't want to be too bullish or bearish because things can change really really quick and you just have to adapt to The market conditions and uh, yeah, just play it out Uh, next up, we'll take a look at ARKK Crowd stocks, crowd stocks have not been doing anything since all the way to last october, right? Um, yeah, they've just been stuck in chop this entire time and uh, yeah, now much is going on You want to see the 40.82 level get taken out for both to have a chance and for bears, um There's 36.9 level gets taken out There's a good chance that we can fall all the way back to 34 So, um, yeah, not much to say about ARKK. It's just pretty much stuck in chop We need to break one of these key levels for something to get going Okay Okay, now we'll take a look at uh, some of the best stocks. I've been holding up really well FSLR being the first one this one's forming a really nice bull flag here Oh Yeah, it's been consolidating really really nicely here and it's building out a really nice flag So this can this looks ready to uh, potentially break out next week So, yeah, we'll see how that one does but yeah This one's again all the way at all time highs and these are the type of stocks that you want to be paying attention to because These are the stocks that can make big moves, right? I also had a really big Earnings cap up a really nice volume. So yeah, this is definitely a stock to be paying attention to Next up iot same thing really nice earnings cap really nice volume. That's something that I always like to see in stocks um Because it's a sign that institutions are buying up the stock and this one is also forming a little bull flag here So yeah, we'll see if that can If it can take that out and make a Leg up higher and iot is also a recent IPO. So yeah, definitely something that you want to pay attention to Um, next up we'll take a look at ELF. Um, yeah, this one's been acting incredibly strong, right? 1 2 3 4 5 6 7 8 9 10 11 11 green days in a row. So yeah, this one's just insane, right? um A lot of strength look at that weekly chart ever since the last uh, yeah ever since last Aprilish julyish This stock's just been on a tear. So this is definitely a stock that you want to be Paying attention to any pullbacks could be a dead buy on this one Next up, um, it will this one's also forming a really nice bull flag on the weekly chart. Um, yeah Made a really nice move on earnings too um Yeah, really nice move on earnings really nice volume now this one's just getting ready to break out So if it can take this level out, there's a good chance that This one's ready for a leg up higher and last but not least On on this one's also really really big volume Look at the volume on the weekly chart, right? And look at the volume bars before that's a sign that institutions are definitely buying the stock up And this one finally closed above 32 on the weekly. So this one looks really good and this one has a lot of um High or this one has a lot of potential to go higher Um, yeah, that's pretty much what I got on my list for this week or for the coming week Uh, yeah, thank you guys for tuning in. Thank you