 Hey guys, this is higher from x trades back within other weekly video as usual We'll start off with the indices start off with SPY and QQQ So let's take a look at SPY's weekly chart Overall SPY looks really really good, right? And to do for We had five green weeks in a row and then this week We finally got some consolidation a little bit of a pullback, but not too much So on Tuesday, we did have a pretty nasty captain, but on Wednesday and Thursday We pretty much covered And we got that gap though and on Friday. We're pretty much setting up for a consolidation one. So over overall I would say SPY looks pretty healthy Nothing to be too concerned about One thing I will say is that this could potentially be Lower high. So here was the high and then this is the lower high But it has to be confirmed if we like continue moving lower. So overall the trend is still intact and very very strong uptrend This is how I would draw the trend line and until we break this trend line I would still say we are very very bullish overall But you know, we did have a pretty big move right from 410 to 5503 So really really big move in a short period of time So there is a chance that we could just consolidate and chop around for a while. So that is something Definitely taken out of as you know, we are getting a little extended. So some sideways action would be healthy for sure Now let's take a look at QQQ QQQ same thing definitely a really big move from 343 to 439 So yeah, really big move right so definitely some consolidation here would be healthy And also QQQ looks like it's closer to the trend line So you have to breaks out 428 level or 429 level. I think there's a very good chance that QQQ can come back a lot more and I would say the Next support level for it. Yeah, I'll say support level or key support level is at 412, but if we do break this Next target would probably be on that 423 level Support over here, but yeah But yeah, that's how I see QQQ overall QQQ also very very strong since it's still holding up that trend line right And yeah, I had five green weeks in a row and this week is it just putting up consolidation bar So overall still looks really really healthy But I think we should expect some slowdown because we did have such a big move, right? Expecting some sideways action or more of a pullback, but overall very still very bullish on the indices and the markets in general Sikil K IWM as well So IWM actually looks a lot better So it actually just started to break out again So we did take out the 199 level back in December and then we ended up pulling back in and then The last two months ish we pretty much just consolidated Hadn't up and then over here we finally broke out But yeah, IWM looks really really good if we can take out that 203.5 level on Friday They did put an inside bar. So if it takes that out, this could be a really good bump set up Yeah, I think there's a very good chance that we're gonna see more rotation into small caps So that's where I'll be paying attention. But overall I do IWM looks really really good And yeah run really hasn't started yet for IWM. So this has a lot of potential as well It's pretty much it for the indices. We'll also take a look at ARKK See how gross stocks are doing Looks like ARKK rejected that 51 level once again and the ARKK has been building a pretty long base here So if we can get through that 51.3 level, there's a very good chance that we could rally and We can make a powerful rally because we've been consolidating here for so long, right? So if the ARKK does break up and I would not be surprised that Make a move a big a big move in a short period of time So I think the ARKK can easily double if it can actually successfully break out But yeah, now let's take a look at big cap tech stocks start off with Apple So Apple actually looks Pretty weak here Ever since earnings I had a nice bounce off the initial reaction to earnings and then it pretty much died out after So there's a downtrend forming here and until we can break that downtrend I would say definitely bearish on Apple or at least avoid it avoid it for the long side, right? So well, yeah, if we lose that 180 level Apple is definitely a short play I think like the weekly chart, yeah Apple did make a nice run and they pulled back and they made another nice high Or it made a new high again here just slightly and now it's just chopping of them. So Yeah, now 180 level is definitely a key level. So if we lose that then that would be bearish Indeed indeed looks really good on the weekly chart. It's just consolidating. Yeah, not much to say Australia indeed just consolidating tightly Yeah If it does break that one key level, then that's where you would look to go along and then if it breaks that 164 level, that's where you would want to go short Next up. Let's take a look at Google So Google looks like it's back in chop, right? It's loose. It lost that 144 Love again. So that's not good, but It looks like it's back in chop between that 144 and 139 level So we'll see what happens, but overall Google looks fine. It's just chopping around Next up, let's take a look at meta. So meta looks really good here Had a big earnings gap up And it's just been consolidating ever since so Overall good action. It's just going sideways since had such a big earnings gap up, right? So overall really good action on meta as well Microsoft looks like it wants to pull back here. Microsoft actually looks like they did short To lose that 403.5 level So yeah, Microsoft could be a short here and you could try to short it all the way down to 376 Just yeah, there's no other real support level here Netflix so Netflix had a very nice breakout again This week. Yeah, it looks really good. I formed the bull flag and then it took out That flag this week. So Netflix overall looks really really bullish. One of the strongest big cap names right now started this week Nvidia probably the strongest big cap of 2024 so far Insane, right? Hasn't consolidated at all. It just consolidated here once I do this for a little bit and then Broke out again and it looks like it's starting to consolidate a little bit more again This had earnings coming up. So you watch out for that, but overall Nvidia looks really really healthy And last but not least let's take a look at tesla So tesla looks like it's finally going for that gap though. So really good This was a good buy setup when it took out the 193 level here on this day on Thursday And yeah, it looks like it wants to hit that to a second level overall tesla looks really good Short term at least long term. It looks like it's still Stuck in this big downtrend, right? So until tesla takes that downtrend level out It's still not the best play but yeah All right, now let's take a look at some individual names. We'll take a look at APP first. This one had a really nice breakout on the weekly chart It had a nice earnings gap up And yeah, it's been nothing more ever since so this one's definitely one that you want to keep your eye on ARM this one I think everyone knows this talk now, but yeah, this one's consolidating very very tightly And if it breaks that 136 level then it could be a buy and if it breaks 122 Then it can be a short but this one's setting up really really nice This one can also have a monster run like SMCI did so this one's definitely one that you want to watch closely All right, this is a new IPO name. Instacart This one's been forming a nice base Ever since that IPO pretty much and if it takes out that 28 level this one looks like they did long set up Coinbase this one had really nice earnings but got sold into There's a good chance that it's getting got yeah made 120 to 191 So a really big move in a short period of time So there's a very good chance that it's going to pull back here and consolidate a little bit more Lly Lly has just been insanely strong. The stock has been turning up really really nicely But the last two years But yeah, Lly looks really really good still Had a nice breakout on Friday Broke out on lunch day as well and then from the little flag set up and then broke out again on Friday. This one's a top watch Lift this one also had a really really strong earnings reaction Huge volume on the weekly looks really really good on the weekly And it looks like it wants to break out of this base So that looks good. Oh, yeah, this one looks really really good because of that weekly volume So this one's definitely top watch as well That's still let's take a look at net. So the net had a powerful earnings gap up as well But there's one starting to Fail here. So this one looks like a good short if it breaks that 97 level and it can be a short play Very gap though. So target would be around that 90 level NXT this one also had a very strong earnings gap up and ever since then It did form a nice setup here and then it was viable over here And now it's starting to form another little flag here. So NXT is definitely another one that you want to keep your eye on Pound here another earnings gap up this one had a huge move three strong days up in a row And now it's starting to consolidate. So this one Yeah, you want to you want to watch it if it can if it can break 25.5 then you want to Try going long. Otherwise, just let it consolidate and form some sort of flag. So this one's another top watch for sure and Uber Uber had another strong gap up on Wednesday this week And now it's starting to form a flag Uber has been such a strong start 2023 and 2024 so far. So this one I'm just waiting for it to Form some sort of flag Right now it's a little bit too extended But if this one can go sideways, then this is definitely a good setup to watch out for And SMCI This is everyone's favorite stock lately, but this one had an insane run from The weekly breakout on the 348 level 350 years It's consolidating really nice and then it had a huge breakout, right? And the pretty much Beare pulled in a short period of time But this one looks like a blow off top. It topped out on Friday Had a really good short setup actually on the five minute You could have taken out or you could have shorted this when it broke its open range close So over here on this candle when it broke This candle slows that's a good setup. And then there's also a really really good setup Um Over here where formed the bear flag basically big move down and then flagged and then this was a really good really good short setup But yeah SMCI was a really good short opportunity on Friday And I think there's a very good chance that the stock Um continues to go lower because yeah when when you see a blow off top like this Very good chance that uh the stock can pull back a lot a lot more Yeah, that's all I have for this week. 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