 What's up face? What's going on? Happy Mondays. Oh my god. Look at this look at the market chart today and Almost everything is green. It's crazy. It's probably one of the most bullish days we ever had this whole month So much green. It's like unreal It was unreal how bring we out where we were today Even Netflix $420 man. Jesus dickless Yes, so Netflix is up 11% for the day Which is crazy It's almost gonna get to at this point Tesla You know that that crazy bounce off the $800 area that we're talking about Look at that man 936 today Jesus Some of these solar companies coming back like nuts as well a video AMD Everything is setting up for a reversal right now at this point Straight up reversal Amazon. Oh my gosh Apple 174 Jesus Christ Nice sports betting very good But yeah today was just crazy what's up kip. Oh my gosh Even the arc was up fiat world says I'm not sure if it's a fake out, but it's definitely it's definitely extremely crazy and I don't know what to say Gears to take some profit Hey, what's up, man? What's going on? We are we are sitting resistance right now. This is the this is pretty much the resistance right here. I Mean damn If we break out from here, that's just gonna be a big move If we don't break out from here, it's going to be a big fake out tomorrow So could probably back test the 440s. It's crazy It's Monday ever man. Holy smokes But yeah, that's what happens when the market is so over so That when it bounces, it's just it's that crazy that could that is that's what happens usually Let's check out some of these earnings AG and see earnings per share 75 cents. That's supposed to 68 cents You didn't get you talking about the AMC spread that we have for earnings Yeah, sometimes the market sometimes the market like gets me like that. So Especially for these earnings place. I just opened them whenever you know because Because I Know it's gonna be earning. So, you know, whether the market is gonna be up or down chances are the earnings Probably gonna make that move happen regardless So that's one of my reasons to just always get in whatever instead of like sitting around and Waiting for like pennies and stuff like that. I feel you man. It's tough. Sometimes sometimes the market gets you like that I missed today's big balance open too many bearish place last week. Oh Man, sorry to hear that sucks Amazon ER play. I don't know if we can make an Amazon ER play. Um, I Mean, I could probably set up one for you But I don't think we're gonna do one for the challenge account because it's probably gonna be too expensive, honestly Where do you think matter will go are we talking about like Facebook matter meta or we talk about meta meta because there's two of them but If this reversal continues Easily 328, I don't see why not But obviously we're gonna depend on what this is a fake out or not. I actually haven't updated to Windows 11 yet I don't see I don't see why honestly. I thought about it But I was like now I tried to update on my other computer and it's just lagged. It's so bad I'm scared to do it across all my computers. That's why it usually happens historically during these interest rate increases but I don't know if you guys caught the update I posted on a Market outlook this week. Holy shit. I got so much alert that popped up So I don't know if you guys had a chance to catch the the market outlook that I posted this week but Overall, I felt like I felt like we were pretty bullish, you know from last Friday's close that I mentioned So this was one of the major keys and and and like it like you guys You know, usually like I would have been pretty scary a little bit I mean, I'm still pretty scared today. Honestly, like I'm a lie. I was still pretty scared trying to go into the position But I'll tell you what gave me the confidence so So this close, right? So this is Friday's close Friday's close was like 441 or something like that So this is Friday's close right here, right? 441 and 95 right and then this is the previous Friday, okay? So I switched it to regular candle. So this is previous Friday January 21st, right? So we're comparing the January 21st Friday close to January 28th, right? So you see this Friday's close Market was going down down down down and then we're also we're at like this It bottom out around 437 and 95 right so in order for it for it to be a reversal setup the close on Friday over here Well, it has to get over That 440 area, right? So it has to get over the lows of this and close above it So over here, we end up closing that 441 and 95 So you can see like we end up closing here above the lows here, which signaled that for the week weekly close was going to be above This week's low which means we're inch we're inching up higher and higher. So that's usually a pretty bullish move even looking at the regular candle wise and Then on the on the hiking actually candles, you know we could see that, you know, that was a big doji set up on Friday and Usually big doji setups are on the hiking actually candle also signals. Are we first well as well? Very thin body candle, which means we're having tucker war on both sides and And as you can see, we have a you know move today So this is a very strong candle today as well and chances are me would be close at 449 and 91 We pick the 450 chances are we're probably gonna come back to like maybe 445 at some point, right? Even though we're 449 right now, we could probably come back to 445 and Then have another strong move until we get back to this 445 level So that's some of my thoughts are kind of this week But I do think that you know, I do think that at some point We're gonna struggle Breaking above this 455 area. I think this could be another area that take us down again Because we have lost that bullish trend line over here That you know that we talked about other times like this bullish trend line So since we lost that bullish trend line, I think we're gonna come back to it. We're gonna we checked it That's what ideally should happen What's up CG2k? How you doing? What just happened today? It's just crazy breakout man. Just trying to stop everybody out. I think Fred Air Force 69. What's up? Grab and next PI ER out. Oh Did I come out today? It is out today. Let's check it out. Oh, that it That a good earnings. No, wait. No, they did it today No, they did it they missed it Eps sales is 22% increase compared to the same period last year But earnings per share was a miss Next quarter, they think sales is still gonna be doing pretty good. Oh It's gonna go up. It's just announced a stock buy package. It's pretty bullish 4% move there. It's a buy-to-dip So that collab before and some of the other stuff They said revenue will grow 80 to 12 percent over year up a little bit from the one year move Um two year didn't move as much for semiconductor stock I hope that hope that play out for you. Um, right there force Burgers and acquisition. I don't know buddy You know, I said it before MTTR is a special acquisition stock. So You know, these things naturally get pulled back down to like five dollars But the good news is they do have a they got a sweep today for ten dollars over here. So that could be interesting It's hard to be bullish on these man unless it's like five dollars. Oh shoot What's going on professor glass man? How you doing? Haven't seen you a while. Welcome back back. Holder central Backholders Backholders Backholders, what's up? Are we nickel having Mondays fax Oh, that's so true That's so true man stuff Yes, it is pretty choppy Holding MU and AMD swings Honestly, I really like AMD here pretty bullish on it. And I don't know man I don't it almost feels wrong being bullish on things sometimes that I feel like we're gonna get crushed man You know because look look at it I Mean, we're at this great support level on AMD But not just a support level here, but also psychological support at hundred dollars Any any AMD fanboy that's looking at is like yo AMD hundred dollars Psychological level. How is it not a buy right? So obviously we got this in huge bounce We got a reversal on the chart here on the day the chart looks really good Weekly chart even look like we're finding the bottom honestly Everything looks like a reversal. I think we can easily move to 117 by tomorrow on this ER run Typically we typically AMD always gets like a earnings run So it's been it's been really really weird to see it like dropping too much too, right? So last time, you know, we had a nice earnings run as well Pre-earnings run see this pre earnings run. It's pretty natural for in the AMD to get a pre earnings run See over here as well pre earnings run Mimi pre ER run here super pre earnings run here. Yo nice Congratulations, man. That's what's up More money to gamble. Hey That's all I'm hearing. I just messing you man But this market is definitely tough. It's been teaching us to find value and opportunity Because you know, we have had a lot of stuff that just ran like crazy last year. So To a certain extent it was fair that I came back. I mean look at look at everything from GameStop AMC Right AMC was really not making much money. I mean movie theaters, man How how are movie theaters making, you know, a thousand percent increase? But speaking of AMC Actually, I gotta show you the AMC chart. It's actually looking really interesting when I was looking over the weekend But right now I'm checking out this earnings for a XTA Think they're like a coding company a global coding company Sales increase 5% 5.8 percent year over year EPS a little bit weaker Net sales 18 percent year over year Think these companies might be doing good if inflation gets in the control these companies might be doing really well Because they're getting hurt. They're getting hit with like these crazy material inflation of 25 to 27 percent Which is a lot right inflation is 7% from material increases in material inflations like 25 to 27 percent If that stabilizes these companies are gonna start making a lot of good money So let me see this this is this company said it's all about 16 percent increase So the trading pretty close to last year's prices or even two years prices here No dividend payment It's gonna be interesting buying opportunity if they have a good guidance, but no no good guidance either So this comes a little bit further Might take a nibble There any other good earnings we have six year in the making our man That's good to pay off. That's a long time, bro. Oh man. Yeah, the weather's kind of been crappy over the place You got pretty bad fast and over here as well. All right. Let's take a look at some charts There any charts you guys want to check out? Oh, yeah, so let's look at AMC, right? so AMC coming back to this like this 14 $15 area We had some bounce over here before This is one of the first resistance that we had around the earlier move from January also also had this the resistance around March and May and now this is the first time we're touching it You know, we saw a little bit bounce here a little bit cab bounce here came back down again So we're seeing the possible bounce here if the whole market moves I think we can see AMC move to $20 from this This $15 spot here So that's a pretty interesting Support level for AMC for some of you guys that like the company major support level match calm. Why oh Wait, how bad are you? How is it? How cold is it down there? Yeah, CRUS did we pour a pretty decent earnings for once They're also like a logic board slash chip company Let me check out this this company's earnings tonight. They look I heard the news. This is there being a choir over the weekend Mmm, I can see why they're eager to get buyout So annual net income for fiscal 2021 was 307 or 2044 per share compared to 504 For 2020 so they definitely been declining a little bit But they said there was actually some restructuring charge So they said they they they're entered into a definite agreement to be a choir by an affiliate of Elliott Management and Vista equity partners and because of that, they're canceling the earnings conference call and suspensions of guidance They're getting a choir for about hundred four dollars, which is quite cheap. Honestly Almost dumb cheap man to to to be a choir at that price point Because usually they get an acquisition at 40% markup. So let's say even the lows of 80 dollars It's like about 40% markup 112. So surprise. They're being sold for only a hundred four dollars Good deal for that company though harvest release printed preliminary results for your 21 sales guidance from Seven to nine million between seven to nine million to eight and nine point one Huh? the Y number as well to eight point five The super wide number said three more high-tech indoor farms currently on the home construction Expect to be operational by the end of 2020 diversified into various salad greens at harvest produce So that thousand stores across six states Okay, it's pretty interesting While this company is only trading at two dollars now They're gonna take another loss this quarter 59 million low 40s at nights That sounds kind of real man. Is it not? It hasn't always been like that. That's crazy Jesus man low 40s. Yeah, that's what I'm thinking Florida even getting hammer Geez, what's the what's the night weather like in Florida? Yeah, it's crazy I Think I think after this earnings I might pick some up because I Actually do like the future of these concept of the you know, what they do and things like that But obviously from what they're saying and and whatnot It's hard to make money, but I like the concept of these things, you know Of how they're they're farming and things like that this organic way of farming They've been pretty much all the earnings for today. There's nothing really crazy What's this a lot of coding companies are reporting today Cabot as well Yeah, I don't think they're gonna take I don't think they're gonna start making profit for a while So I'm gonna wait for that 50 million charts to hit the stock first Because they they're gonna get charged for getting into the stock market, right? So I'm gonna wait for that charge to hit first and then once that charge hits It's gonna take them a while to make that money back because I mean I Mean the company is making was a BPH So the company is making only like nine million dollars rate Per per quarter, so that's about like 30 40 millions per quarter And they're taking about 170 million dollars per loss per quarter. So they're they're just like at a point where they're constantly burning through cash and And and once I once we see that quarter go through, you know I don't think they're gonna come into profitability or break even anytime soon But you know, they're starting to get close to that point That's when I wanted to invest if they have an opportunity to you know, make money, but they said this This this quarter they're gonna lose about 170 to 172 million You know, and that's that's a lot GFS. Yo, I forgot about that stock. Wow back to IPO price Wait, oh man, so if you guys getting below 40 degrees in the rain, you guys got to watch out for that black ice That's abnormal, right? Oh, that's smart Damn, how do you even deal with that cold? Do you Do you electric heater or what do you do with that? Holy smokes, man? I don't know a lot of blanket and and and layers. Oh, yeah, that's true. I remember that crazy snow Then a lot of people got hurt too because of the snow like roof was falling down the people and then There was like a lot of car accidents and pallop as well. It's pretty crazy. Hey, what's up one? usually tries to plan to move beforehand or like earlier ahead and So you're in the week as well so for example I Usually post the market outlook pulse as well. So kind of gauge where the direction is so you can see that over here So we kind of anticipate it's a spy move a little bit Considering how bullshit wasn't everything like that. Well, let's go through some charts. Let's go through some other charts You're right back. I'm gonna get some water I'm gonna check out a bunch of charts and stuff like that So if you guys want to take a look at some tickers, let me know put in the Comments below What has happened with the EV sector the EV sector has been heavily dependent on Tesla? and And Tesla just had a really good move also to have a Tesla chart here that played out really really well So look at this Tesla move that I'm talking about. So See how Tesla's been moving in this pattern, right up and down up and down So we had this trendline move it's been bouncing off the bottom trendline and It this this just happened to be around the $800 area And then on top of that We also have this other trend line, right? So that was a downward sloping trend line over here that has been bouncing off Then we have this other trend line was upward sloping trend line as well where this line also had a lot of bounces as well and And it was just confluence over there. We had X mark the spot and It just happened to bounce off really well during that area because it hit both of the trend lines, you know And now it's making a move back to up here So we talked a little bit about that like last last Wednesday last Thursday And we had a nice we first saw on Friday and now it's just following through with another move. Hmm Coinbase is actually pretty bullish. We have IPO price around here So we we know that the established bottom previously for was around here And especially for Bitcoin as well and if crypto starts to move back up So coinbase is gonna depend on that crypto move slash General market move as well. But as of right now coinbase is setting up a pretty bullish double bottom pattern over here Right if we can make a move over this 197 area that could be a huge breakout and And that would mean that market has to get extremely bullish everything will be bullish and we're easily gonna move back to 225s now this could happen anywhere from one week to a month who knows, right? But that's the potential setup over here on Coinbase as But we need to break above this resistance right here first Let me throw this chart in extra. Give me a second I gotta start I gotta start the spreadsheet again so I can throw the charts in there so that's a good bounce up there and then Jawa said this chart spy Okay, I got you and so you look at spy So spy chart. I'm gonna pull up multiple time frame. It's gonna pull up a 10 minute time frame first So 10 minute time frame. It's looking pretty good very strong run here kind of like over here 48 minute time frame almost seemed like a Crooked double bottom set up that would mean that would bring us to higher high So on the daily chart, we're looking pretty bullish, right on the daily chart. We have the doji here We have the reversal set up here today. So looking pretty bullish On the daily chart, we could have a resistance coming up at 455 area Even right now is actually a resistance to now that we're looking at it on the daily because look look at this mark What do we have here at the line from here, right? So that's also resistance line right here I Think we could we could potentially see like a short term Move back to that 445 areas I was talking about and then continue bullish move to maybe 460s That's a possibility or 455 mix So that's on spy itself Chart and then look in the futures We are already at a resistance where we rejected previously So over here last time we hit this yellow line resistance MOB line 4 slash yes, you know, we had a we had a rejection here. That was January 12th January 13th So we had huge move down Big bold move up Then we struggled to break above the MOB line. So that's what we're at right now. We're are we struggling to break it? 44 87 4490 we're breaking above it a little bit right now 5 o'clock market's about to close for the future side So we'll see how that goes over tonight if we break it then we're probably gonna test for 60s By by tomorrow at some point and we're gonna back test if we break it We're gonna back test pretty sure of that if we don't break it. We're gonna back test right here To that but It's it's hard to carry the bullish bias unless we're looking for a huge fake out and For this area to break down AMD We check that out a little bit earlier. We talked about AMD how we think is overall pretty bullish for the for the earnings I made a post in our ER challenge as well. We have the strong balance of $100 psychological level I mean across the board the whole market was going up, you know Semiconductors are starting to come up with some good reports We have a lot of semiconductors this week and based on TSM last quarter They had a pretty good report and look at that move man. Holy smokes, right? TSM went from 125 to like 140 something So I am expecting something wild like this to happen to AMD as well because TSM makes the chip 3MD KMBE, what is this? They just posted earnings today security awareness training Interesting hard to really chart this honestly All I can say is if we can break this MOB line around 2350s 2355s, it's gonna move up further S&P plus VIX, let's take a look at the VIX S&P and the VIX are pretty closely related VIX is having a nice pullback right now Yeah, we're getting we're getting the reversal pattern VIX as well. We can see some struggle over here for the S&P 10-minute charts So I focus a lot more on swing trades so Even for day trades, I like to use the 10-minute charts because if you're using the one to two minutes You're really scalping and you're not gonna see much of the move on the 10 minutes You can see the reversal and you can make the move a little bit better So let's say like for let's say if I was a trading apple or something, right? What's the market opens? So over here market opens over here You know, you can see a break you can see the break over This this resistance over here is starting to move up. So it's pretty clean. You can see it a little bit better like that AMAT is another Semi-conductor company. I think if we a lot of these guys are reporting this week I think between Qualcomm AMD depending on how those companies report earnings I'm expecting pretty bullish because The semi-conductor company even though there's a huge chip shortage A lot of these companies are reporting pretty bullish because they've been able to increase their price To account for that chip shortage and and still make a lot of revenue So and and it also means that the man is out of the world for them, right? So if AMD can make a reversal of I think every other of these chip companies gonna make a reversal up That would include AMAT as well hmm I think cybersecurity companies always really interesting place. I like that. Oh Yeah, so Bitcoin actually is also coming back up to that resistance that we're talking about on ES as well All three of them are coming up to this resistance. So you have the Bitcoin you have ES It's by coming up to a little bit resistance. So this is the resistance Bigger time frame. This is the trend line, right that we actually broke last time that I thought Bitcoin was extremely bearish Because once we lost that trend line, the next area is supposed to be 30,000 But knowing market makers, they didn't want to they didn't want to drop Bitcoin to 30,000 so Bitcoin has actually been, you know, beer flagging and chopping back up and This is the area 8,700 give or take that is the area you need to break over to to be really bullish on Coinbase and all the other stuff So I will continue to watch Bitcoin if we can break over that this area right here and Coinbase man, it's gonna fly but even now Coinbase is pretty on the value compared to Bitcoin because you can see like bitcoins lows is Isn't even at like May to July lows where Bitcoin is already like over here Bitcoin is already at like 20,000 lows I mean Coinbase. Yeah, Coinbase is at 20,000 lows So very interested to see how this part play out So we have some resistance getting smack. It looks like it's one of the break over but I need to break over this area Do it a Jeep Bibi G Isn't Bibi IG a little bit we related to crypto as well. Oh Somebody asked hood before to write. Let me take a look at hood first. It was a cup of magic So hood is Robin Hood They said they've been losing a lot of money. They lost like 10 million customers last quarter A lot of things been going back the guidance has been pretty bad You know, it's tough. It's tough man It's tough to be get behind the company that's been scamming its customers a lot But if market reverse It's not gonna be immune to that reverse. So everything is gonna reverse if markets started getting extremely bullish Everything's gonna get extremely bullish But it's not something that I would I would enjoy playing. Can you make money from playing it? Yeah, sure But it's not something that I'd be too crazy looking to get into Like almost getting to cruise sector at this point. So Bibi G on the On the daily chart we had a huge move last time to $5. We jacked it the MOB line We have a rejection of MOB line over here took it back down to that trend line, you know That's 250 area again. So we could potentially set up for another move back up here If things look in bullish could have another move back to maybe what's this 433 and like 470 force for Bibi G so I hope that helps The the bottom escalator setting that up to for bullish mood to the upside. What's up nasty Nate? How you doing? Got you brother. Oh He was talking about micro strategy That ticker is MSTR not MTC H. I could have sworn he type MTC H I was like, what the hell match that calm doesn't do anything with Bitcoin. Yeah, that's good That's good explanation there Vinay, what's up? Sam let's check out shop. So Shopify is something I was looking at for for the last two weeks I was really hoping Shopify to bounce off this a huge demand zone over here between 800 to like a 80s and We're finally looking like we're making that move today The next area for it to come back to is Come back to 1000 man big move. So there's almost $200 Looking for it to come back to 1000 a lot of the escalators on the bottom of supporting it We got the money flow coming in here. We have a lot of buying volume crossover I mean everything is saying go go go go right, but so I'm looking for that move back to the thousand dollar area That's probably where I would take profit But then if it continues it could even come back to over here, but I'm not gonna be greedy I'm gonna take profit on that thousand dollar range. I think they have earnings coming up soon, too They do February 17. Oh the the reason the SAC wants that is because um Like naturally when you trace stocks like let's say if you're a hedge fund, right? Or your investment firm and you trace stocks, right and you buy and sell stocks That's how you naturally report games and losses You only report realized gains and losses after you buy them and you sold them. So So right now with the way they're reporting Bitcoin right now is they're not reporting it as they buy and sold them They're reporting at this as as it is like holding in it But then at the same time, that's how they treat most equity as well like for example if I was Amazon and I was holding on to Raven shares, right and And and like the Raven the shares went from sixty dollars to hundred twenty dollars Then I will report that they're worth 120, you know at the ending of that specific quarter. So but So that's how they were doing it with Bitcoin as well previously, but now they want to change that So so to reflect it unless until they sell which in a way would mess up micro strategy a lot because Micro strategy don't plan on selling So it would essentially it could essentially devalue that company to a traumatic level So Google has been pretty oversold in the weekly it's been it was pretty oversold in the daily as well Sitting about double bottom here on the escalator side So I think it looks like we're getting a nice move the last time we had a nice move We had we got a little rejection over here the blue line here So watch out for around 20 724 that could be an area we could you know struggle a little bit they do have earnings coming up this week and That's gonna make a big big difference I think out of all the tech companies Google is probably one of the few that hasn't been dropping that much So it's going to be very interesting to see if they can sustain the growth To justify the price point Indeed for micro strategy. It is a scam So Google has been growing around 12 to 20 percent year over year, right? Looking at a two-year basis or let's look at looking at one-year basis. Oh, this might look ugly for Google man Last year they were trading at 1840s Times 1.2 best case right giving them a 20% growth I Don't see I don't I don't know I don't know man. We're trying to be generous here But as the meeting Google's have a 20% growth year over year for the last two years Can't justify the price point that is trading that I think it's I think it's overvalue a little bit based on that That you know just that quick math metric of how how they're growing like 20% year over year, so I think for that earnings unless they don't know what are they saying 72.27 billion estimate 27 EPS 72 divided by 56 28% growth so they are expecting to report a pretty crazy quarter of 28% growth I don't know Trying to be as generous as I could but I Unless the guidance is even crazier than that earnings Right, but then again, I don't trade Google as much. I don't I don't really follow up with them Unless the guidance and everything else is just as crazy Then I think Google is probably gonna drop on earnings Probably gonna flop Which typically hasn't been the case for the earnings all the earnings has been really really good So maybe they'll pull a Microsoft at this point You know and come down a little bit further Why was Tesla up so much today? I think just because the whole general market was extremely bullish a lot of bulls came in Everything was buying so and and they just saw a lot of buying up to me across the board But also because of this Tesla chart, so I'll just leave that here with you guys over here this Did you Because of that It's just such a good confluence area to buy the dip But that's my pretty much it today. We'll be back here tomorrow. Let's take a look at some of the good earnings We got that's so much good earnings power. We got AMD. We got PayPal got Google GM Starbucks Electronic Arts match group micro strategy so much things going on. Holy smokes And then one day you've got a lot of big players to Thursday Friday non-stop, man, I Wonder what the Royal Caribbean group is gonna say this time I would love to see what this company is gonna say this time because they said that last quarter That they were gonna be profitable in February. So I would love to see what they say about that Then we really shorted real Caribbean then we really shorted that It's tough to short when that when they're very over so I don't like to short that when it's like when it's over So over here in the daily chart don't want to be attacking it. How do we gonna end up back holding? But yeah, that's it guys, thanks for stopping by and hang out and we'll be back here tomorrow around 4 p.m Take care and have a good night. Oh, yeah Let me share with you guys something in case you guys are interested in brazinga They do have a 50% off promo today That they said they're giving out because the market has been so bad they said because Everybody has been taking massive losses. They're trying to help up the trading community So you guys can check out check that out here for that link And they said that referral code for that 50% off is New 2022 Anybody's interested in that. That's it. Take care and have a good night