 Hey guys, this is hydro from x trades and we're gonna go through another Market weekly analysis video and as usual we'll start off with indices. So we'll start off with SPY So let's take a look at the daily chart first SPY had a really good rally last week, right? we got through that 444 resistance level which wasn't very key and Yeah, we got all the way up to that 453 resistance level and on Friday We rejected that level and now we're consolidating. So we've been consolidating for like the last three ish days But more consolidation would be a good thing here. Let's take a look at the weekly chart It's on the weekly chart First major thing that we need to take a note of is that this trend line has been holding really really well So that's a very good positive, right? So the uptrend is still intact for the year this uptrend did get violated, but It's not a big deal because this is the major one. This has been there for almost a year now We're on 10 months 11 months but this is the major turn nine that we were looking at and the uptrend has been holding all year long and we got a really nice balance off it the last two weeks, right and And yeah, and now we're testing that 433 resistance level. We did get above that Couple weeks ago, and then we rejected pretty hard. So we'll see what happens this time but overall this is looking like really healthy action and I think I've been saying this for the last couple weeks But I think there's a great chance that we could just chop around and wait for this trend line to like get tighter and tighter And then eventually see a big move up or down but overall Yeah, the SPY is acting really really well and really good bounce this week Let's take a look at QQQ Start with the weekly chart first So QQQQ same thing now Trent has been holding really well Really nice bounce the last two weeks and this one still has a little bit more room up to 382 It didn't touch that this week, but Yeah, overall really good at really good action. Let's take a look at the daily chart So on the daily does look a little bit extended since it did have like four days in a row basically Friday was down, but just slightly but yeah more consolidation here would be a good thing and You know overall I would say that The QQQ is definitely very bullish here worst case scenario I think we just chop around for a little bit as case scenario. We break out immediately and just continue running But yeah, I think there's a very good chance that we'll just consolidate for a while and wait for this trend line to get tighter and tighter with price and Then eventually break out but overall the indices look really really healthy and yeah really strong action from both this week Now we'll take a look at the big cap tech stocks start off with Apple Apple had a very strong bounce this week and the closed near ties. So that's very bullish sign Let's take a look at the daily chart. Yeah, it formed a really nice flag last week and then this week it just broke out They have really nice action from Apple and it's yeah, it's getting pretty close to filling that gap So should see some resistance around that one ninety one ninety one level, but other than that Apple's acting really well Next up we'll take a look at AMD So AMD finally reclaimed that 107 support level So that's a very good thing and it's been consolidating for almost like three months two months now Yeah, it's been forming this flag here and yeah, it's getting tighter and tighter and Couple more weeks of console or a couple more days consolidation. I could potentially see a big break out It's one had a really nice rally In the start of the year Started off at 64 when all the way up to 130, but it's been consolidating ever since so If this one does break you can see a pretty big move again But yeah, it's forming a pretty nice flag on the weekly and this looks really good Yeah overall and he looks pretty good You just want to see it tighten up a little bit more and this could be ready to go Next up, let's take a look at Amazon So Amazon has been forming a bull flag on the weekly for a couple weeks now tried to break out but rejected Let's take a look at the daily chart watch Yeah, I tried to break out but on Friday it was Contolidated but it did close above that trend line. So that is a good sign. So I think I think Amazon's really simple here. I think next certain resistance levels 143.5. They should be able to hit that pretty soon Yeah, overall Amazon looks good It didn't get much of a rally compared to the other big cap tech sucks this week But overall it's still acting really well, and I think it has room to 143.5 Next up, we'll take a look at Google So Google had a really nice breakout this week, right? it tried to break out last week but rejected and this week it got followed through and Yeah, it thought all the way up to that 136 level. It's really really good action on Google Take a look at the daily chart Doesn't look that great on the daily chart because it looks like it's like a slow grind up but very strong move from the low start or from the start of this week to the end of this week and Yeah, it did close above that 136 level. So that's a very good sign overall Google looks really good here, and I think it can max resistance level is basically all-time highs Have some resistance around that 144 level and then next level is all-time highs, but yeah, Google looks really really good here next up meta So meta lost its uptrend a couple weeks ago and it's getting a bounce now and It looks good, but let's see if we can if it can actually reclaim that trend line But yeah, matter how to insanely strong move this year went from what was $90 to 325 so that's a huge move, right? But yeah, meta looks really good here I think I think it could consolidate for a bit longer just because it had such a big move, right? So I don't I think it would be a good idea if it's consolidate for a couple more weeks But the meta is acting really well Take a look at the daily chart On the daily chart it looks a little bit more choppy But yeah next resistance levels three of five and X support levels 289 So for now it's range bound if it breaks through a five then it's bullish if it breaks 289 then it's bearish And until then it could just chop around for a little bit longer overall good action Next up Microsoft So Microsoft also lost its tongue to her uptrend and Tried to bounce off tried to reclaim it last week and then this week it formed an inside candle So we'll see what happens next week. There's a good chance that I could break out make a bigger move up next week look at the daily chart So on the daily chart it looks pretty simple It looks like resistance at that 344 level and support at that 324 level and it looks range bound just like meta So bullish above 344 and then bearish under 324. Yeah Microsoft looks like it's gonna be consolidating for a while just building a base Which is good action, which is good action since it had such a big move this year. So that's perfectly normal Next up Netflix So Netflix has been forming this base for quite some time now started all the way in Jill in back in June and Yeah, it's been consolidating ever since it's been range bound to It's keeps rejecting around that 448 450 level and it keeps bouncing at that 420 level and They all will see what happens. It's been pretty tight now or it's been consolidating for quite some time now So I think it could be ready for a bigger move up overall really good action on Netflix as well Yeah, very clear resistance level at that 448 So if you can break that then it would be bullish and if it breaks that 419 level and it's bearish as simple as that But yeah, Netflix also does look pretty good and Then we have in video This video has been holding up really well it gapped up on earnings and then it got sold into but got a really nice bounce this week and Currently we're just flagging under that 500 level So that's a very key level Psychological level as well But yeah, I think there's a good chance that we could just consolidate for a little bit more Form some sort of bull flag and then break out So yeah, if we can get more consolidation around this range, then that would be a good thing But overall and video is extremely extremely bullish There's one stock that you want to be bullish on it's in the video for sure Strongest stock in the market right now current market leader but yeah for all this is top quality stock and Her top quality name But yeah, I'm very bullish on it, but you just want to see more consolidation first ideally All right now. Let's oh wait and then we also have Tesla So Tesla got a really nice move Last week but on Friday pulled back in pretty hard So we'll see how it handles that a very clear resistance level at that 259 level So if it can take that out, then I would want to be bullish on it if it loses that 240 level then There's a good chance that I can just be back to chop or it can be bearish again and pull back down to 214 But yeah, these are the key level. So I would only be bullish on Tesla if it can reclaim that 259 level But um, yeah, that's pretty much it for the big cap tech stocks and we'll take a look at a few individual names Have been acting well The first one being a firm From how to really nice rally they had about they had a big gap up with a big volume And ever since then just had a really nice rally. So this one's definitely on watch now Take a look at the weekly chart. It's been building a really nice base for a long time now remove these lines so It's been building the space now and yeah, it's been acting pretty well really nice volume the last two weeks And we'll see if we can get a breakout here This one has a lot of potential because it's once a fast mover and yeah used to be 176, right? And now it's $22 So this one definitely has a lot of potential to run Definitely one they want to keep your eyes on overall really good action and I think it could see a bigger Breakout in a couple weeks in the coming weeks if you can get some consolidation Next up we'll take a look at Karvana So I called this out last week said it was forming a pretty nice bull flag and then I was able to buy on I was able to buy this Monday and I took some profit here because it was it made a pretty big move in a short period of time But this one's acting incredibly well. It's actually finding a little flag again here. It's all dating under that 51.3 level But yeah, this one's acting incredibly well and forming another flag so it could be another buy setup, but Ideally you want to wait for some consolidation. They already had such a big move, but overall really good action on this name And again, it remains to be a top watch for the coming week once again I own Q this doc is One of the best stops in like 2023 this one had an insane run Started all the way from three dollars ish to twenty dollars. So yeah pretty insane move and it's flagging here currently So I'm watching this if it can take that 17 point 17 point like seven five ish level and there's a good chance that this can Take off once again Think yeah, 17.75 ish If it can take that out then there's a good chance that it'll make a move back to twenty dollars But this one's a top watch really really strong name and it definitely keep your eye on this one And then this one as MCI this is also in the same sector as I own Q And this one also had a very very strong run this year Yeah, look at that move right? It was what? Used to be 80 dollars and then Highs of this year through 57 so very very impressive move and this one was looking like it wants to make a break here Resistance at that 283 level. So if it can take that out very good chance to have one first target being 297 and then it could gap to all the way up to 340 but yeah, this one also moves very nicely and it's definitely one that you want to keep your eye on Next up shop So this one had a really nice gap up this week and Yeah, it's it's been forming the space for quite some time now. So we draw the space So there's some resistance here or there was some resistance there that's been forming a Long base, right? So this is all one big base and it's been forming the space for almost four months now So this is good action if you can get if it can start to form some sort of like bull flag I would definitely be keeping my eye on this one, but overall really good action. Take a look at the weekly chart Yeah, it's been consolidating for quite some time now in between this range So if you can break that 70 then 70 resistance double then it could be a pretty nice one overall really good action on Shopify Next up we'll take a look I Think yeah, I think that's pretty much all I got for this for next week. We'll just take a look at here. Okay, okay? Take a look at the daily chart. So this one had a really nice rally this week, right? And it's been holding really strong stuff in a little bit extended here now And you want to see some consolidation? But after that consolidation, I think very good chance that we see that 44.5 level break again And then this one continues to rally hard, but yeah, again, this one is very very beaten down So if you take a look at the weekly chart extremely beating down It's been forming a base for it quite some time now. So this one has a lot of potential as well So if you can take out that 44.5 level next resistance being 50 51 Resistance and then you could see a really big breakout from there But overall this one's acting pretty interactive pretty well this week And they got a nice bounce off that trend line. So good action there but yeah, keep it keep Or keeping this one on watch for next week if it breaks that 44.5 level overall really good action this week and Yeah, a lot of names are starting to set up again. And yeah, I'm very optimistic for upcoming weeks But yeah, that's all I got for you guys. Thank you guys for tuning in