 Hey guys, this is hydro from x-traits and in this video I'm going to be going over on the general market analysis and see what what's to come for the month of March So first I'm just going to go over the major indices. I'm going to start off with the spine qqq So yeah, let's take a look at spy first Zoom in a little bit here Okay, so Spy has been holding up really really well It's been it has been holding up really really well It made a solid up trend for that the last couple of months right every since October It's been able to hold on to this trend line and it's been trending up, right? but just recently just on Thursday, we finally broke this trend line and then on Friday we flushed pretty hard and the key is we flushed hard with An increase in volume and this is a pretty significant increase compared to like normal volume so this is a clear signs a clear sign that institutions are starting to sell and Yeah, liquidity is disappearing from the market, right? Yeah, if there's if everyone is selling If everyone is selling there's and there's no one buying then there's a very good chance that we feel a lot lower and right now The next support level for spy is 376. So right now. This looks very very bearish Best case scenario. It's a chop market But yeah, I think very likely we visit this 376 level and then we'll see what happens next We either bounce off or we just consolidate or we consolidate and then make the leg lower, right? So that's the potential. Those are some potential scenarios that could possibly happen, but right now very clear that spies bearish and you do not want to be Plonging too many things right now in the market Next up we'll take a look at QQQ So QQQ pretty much the same thing, right? This has been built it's bottomed out since October just like spy and it's been building higher and higher Last couple months it started this year had a very nice rally and then We were building a bull flag, but now this bull flag That's just getting way too long right if it was a proper bull flag We should have broke that somewhere here or at least here, right? but every single time we touch this return line we reject and Right now it looks like bears in control as well So the only difference is that QQQ is holding up much much better than spy So tech names are holding up much better, but that being said QQQ They're still looking pretty weak, especially if we use this 288 level if that level gets taken out Next week and there's a very good chance that we can go to 280 and if that gets taken out as well Then there's a good chance we go to 270. So right now I would say QQQ is also It's bearish not as bearish as spy, but Yeah, tech is holding up a little bit better. So that's one good thing about the market But right now still you don't you don't want to be getting aggressive and trying to Buy stuff on the long side. It's best to stay in cash or look for short opportunities But yeah, that's pretty much what I got for the indices We can also take a look at the weekly chart So yeah, again Nice nice front nice rally here nice consolidation building a bull flag Tried to break out this week, but rejected hard and if we lose this 288 level the good chance to be Get back to 280 and then even 270 and take a look at spy really quick on the weekly as well So yeah, this is a clear bearish engulfing Kendall that's one last week Um, yeah, this looks pretty bearish. There's a very good chance that we visit this 376 level. That's the x major support level Um, but yeah, that's pretty much it for the indices now. We'll take a look at some of the big cap Tech stocks so Microsoft Google that took that type of stuff first. We'll take with the apple Let's go to the daily So yeah, apple is holding up pretty well, right? It's build it's started a nice rally this year now it's just been consolidating and With apple, this is a very clear analysis, right? If we take on 155 There's a very good chance that we rally higher if we take out this 147 level There's a very good chance that we rally her. We flush lower, right? So yeah, very clear levels on apple and some targets would be Just be the first downside target and then Say this is the first upside target So yeah, if we take on 155 then we could try longing apple and then target would be 166 If we fall below 147 Then a good chance that we can fall back to 138 as that's the major support level But yeah, that's pretty much it for apple Next up we'll take a look at Let's take a look at meta So meta is another name that's been holding up really really well Very nice gap up from earnings Up a nice consolidation pulled back in a little new to market weakness Rally back up forming a little like cup and handle here potentially a very many cup in the Very many cup and handle forming on the daily chart, but it's possible that can be happening. So right now There's a bull flag forming And if you can take out this upper trend line, then there's a very good chance that meta can power higher But yeah, right now meta actually looks pretty strong compared to their tech stock so This is one that you shouldn't be looking too short. You should be looking too short the weaker ones such as Um, amazon's pretty weak Google's pretty weak or you could just go for the indices to qqq qq in general These stocks are much weaker, but uh, yeah meta is holding up relatively well. So I wouldn't look to short this one Taking a look at google Google is pretty much stuck in consolidation, right? Key support level is 86 Key resistance level is 105 So if if It takes out either of those levels, then there's a trade But if not, then it's just pretty much stuck in chop google's been chopping for like the last Almost five six months now. So yeah, uh, not there's definitely no trade Google if you're looking for a longer term play Same thing for amazon if it takes out one or two, then that's a long play if it takes out 88 That's a short play But other than that in between this range, there's no clear Edge for traders like us Um, but yeah, that's pretty much it for amazon google meta next up. We'll take a look at netflix So netflix was a really good short play when I lost this trend line and ever since then it's just been flashing, right? um So the next support level for netflix would be Around this 284 level If that fails to hold then it can go a lot lower Around this 260 horror level Um, but yeah right now netflix is very weak and it's definitely dragging down qqq But yeah, uh, to If we come down to 284 that could be a bit by the dip opportunity If there's strength if there is strength showing in the markets But right now I would just avoid netflix uh all together and just stay in cash or look for short opportunities Uh, we'll take a look at nvidia nvidia is like the strongest big cap stock right now Um, it's been holding up the best so far Uh, like meta it had a very nice cap up on earnings nice consolidation But just last thursday and friday It's falling through to the downside built a nice flag, but now it's falling through to the downside. So if it loses this, uh 224 level there's a very good chance that we can get built all the way down to 211 So yeah short under 224 and that it would be 211 Um, but yeah, that's pretty much it for a video um That self we'll take a look at tesla So tesla, um, it was acting very well this year, right? Uh, it had a very nice rally in january and february, but in march so far it's been pretty bearish, right? Uh, just like netflix has been very very very weak the last couple weeks um And uh, yeah, there's a very clear downtrend line forming here So unless tesla takes out this downtrend line and reclaims this 178 level Then uh, we'd be looking to either stay in cash or try to find the short play for tesla But definitely don't be trying to look too long this unless he reclaims this 178 level and breaks this uh, uh trend line And uh, yeah, right now, uh It's the next support level is 7162 So if that happens, uh, you could be looking to buy the dip on it, but right now Who would say it's best to just stay in cash and wait for the market to show clear direction I don't think buying the dip right now would be a smart thing to do Um, there's there's just way too much market weakness and um, yeah, I think would be smart to just stay in cash Just wait wait for like a clear direction Um, next up, we'll take a look at a few individual tickers that have been acting well First up being s e so s e had a very nice gap up on earnings Really really strong volume right look at the volume before and look at the volume on that day, right? That's institutions buying up. That's not retail buying institutions loaded up onto the stock from their from their because of their earnings and uh um, yeah, right now it was acting pretty well It was building a nice flag here nice three day flag And if it broke out that would have been a very easy a plus short All right a plus long setup, but right now it's following through to the downside But if it can consolidate for a bit more and then take out this trend line, then there's a good chance that Um, s e would be a top top play to uh, look to the exposure on the long side um Yeah, overall s e s s e is acting pretty well And uh, yeah, I just want to see if we can consolidate and hold up if this trend line breaks There's a good chance that it could go a lot higher and the first target would be Would be around this uh 90 90 level Um, okay next up we'll take a look at roblox So roblox has been acting kind of well recently They had a nice uh gap up on earnings and then it ended up filling the gap Very quickly But um, it's still it's still holding up right now had a nice rally last week And if it takes out this 42 level very very clear to play right It's been consolidating for one two three four five six days between this range So When a stock has been consolidating for that long when it breaks in either direction There's a very good chance that it can make a big move So if roblox breaks out or it takes out 42, there's a good chance that we can make a decent sized rally First target would be around this 47 level But if we break down or if we take up this 39.5 level, there's a good chance that We can revisit 36. So yeah, that's the play on roblox right there Next up we'll take it uh look at go to so this is uh It's a penny stock, but it's a high liquid or very liquid penny stock. Um, and this stock has been acting really really well Um, I had a very nice Lee last December Really nice volume right? This is the volume that you want to be seeing Is a sign that institutions are buying had a very nice setup just a couple days ago Very couple weeks ago Was forming this very nice, uh, it had a very nice triangle setup forming and then it broke out on this day Uh, and then it consolidated for around four days here And I was looking to see if we break this 5.17 level for a long play, but unfortunately you didn't But it's still forming a bull flag. So if it breaks this trend line, uh, it this is still Uh potential play Um, and yeah, this one has a lot of potential. It's a fast mover So this one can be a stock that doubles in less Doubles in less than one month. So this one's definitely on my radar. Um, all right next up. We'll take a look at first solar First solar isn't also It's also a strong stock that's been holding up very very well recently Um, nice bull flag here and then broke out on earnings Nice rally now starting to pull back on light volume Look at the volume on the upside and look at the volume on the downside, right? That's what you want to see institutions buying up the stock and there's very small Very small selling happening on the downside. That's exactly what you want to see on a strong stock Um, but yeah, first of all, we're showing a lot of good signs, right? So if this builds out a bull flag, uh, I want to see some more consolidation And if it builds and if it builds out some sort of bull flag, then this would definitely be on my radar for um, a long play And then finally we'll take a look at dual lingo Um, this is another stock that had a very nice earnings report very nice cap up Very nice volume, right? Look at the volume boards before and look at the volume here Clear signs clear sign that institutions are buying up the stock um First nice first nice setup was on this day It formed a two day flag and you could have taken it on this day And then it formed the flag down here, but did not trigger to the upside Um, but yeah, right now you want to wait for this to consolidate more build some sort of flag um You just let it consolidate Hopefully it builds out Uh in the next couple days and weeks and then makes a leg up Or gets ready for the next leg up higher. And this is what i'm watching up for uh, dual lingo right now Uh, it needs more consolidation, but it's holding up pretty well compared to the rest of the market So yeah, this one's on my watch as well And uh, yeah, that's pretty much all I got for you guys for this week. Thank you guys for tuning in