 Hey guys, this is Hydra from Xtrades and in this week. I'm gonna be going over What setups look the best for the coming weeks and now overall market analysis and a lot of big cap and Big cap tech stocks have reported earnings and yeah We're gonna analyze their price action and see what's to come next for the market So yeah, first off we'll start off with looking at the indices. So we'll take a look at qqq first So on the daily chart Very clear breakout, right? So there's a bull flag forming and we are finally able to break that on thursday And on friday, we closed very very strong and we took out this key 321 Um resistance level and for the first time We are finally above this level and we're actually holding above it and close to above it So that is a very very good sign for bulls And bulls are definitely in control of the market and tech is definitely strong right now So that's a big big positive for um the market in general And the next target is going to be 330. So right now. Yeah, the qqq looks really really good Uh big big cap uh tech stocks have been carrying the market the last two days because of earnings So um, yeah, really good action there. Take a look at the weekly chart On the weekly you can see the bull flag much more, uh, clear and uh, yeah very obvious breakout this week And um, yeah, like I said next target should be 330 But right now. Yeah, everything looks good and bulls are in clear control Now we'll take a look at the spy So let's take a look at the weekly chart first. So spy, um It's also acting really well It's also, uh took out that highs of the last couple weeks and it's making new highs And uh, yeah next target is the 418.5 level And yeah, this one's also acting really well held its uptrend It tested it was testing below it got below earlier this week, but it closed very very strong And again, very good action from the market in general. Um, yeah spy is also acting really great So let's take a look at the daily chart It also took out its previous high um There and it closed very strong on the day and uh, yeah really not much to say but Very clear action that bulls are in control and next target is going to be this uh, 418.5 level And we'll see um, yeah, what happens then but right now Very clear that bulls are in control Okay, uh Now we'll take a look at some of the big cap tech stocks. We'll start off with apple Apple has been acting extremely extremely well. Um It was uh testing its uptrend on Tuesday one area around Wednesday last week But Thursday Friday, we closed really really strong and we reclaimed the trend line and uh, yeah We finally broke this 166 level and uh, yeah, that was a pretty big Level to break level for apple to break and our next target should be around this 174.5 level, but yeah apple looks really really good here and uh clear skies ahead next target 174.5 Apple does still have earnings coming just uh, yeah letting you guys know And then next up amazon Um, amazon's also been holding up well Definitely not as strong as apple right pulled back pretty hard on friday, but still holding this uptrend. So Um, yeah, it's still not bad Um, as long as uptrend is still intact bulls are still in control. So Um, yeah, we should see a bounce off and if that happens then next target should be 112 But if we do break this level or if we break the uh trend line, then we can come back to 101 So yeah, that's what I see for amazon Next up, we'll take a look at meta Uh, meta had a really big gap up on earnings really nice action And on friday it closed pretty strong and I was forming a little two-day flag, right? Uh, ideally you want to see more consolidation and wait for um, you know, just wait Just wait for um the moving averages to catch up But right now um, meta looks really really good if it takes out this 241 level, then there's a good chance that can go higher Let's take a look at the weekly chart to find the next resistance level Yeah, really has no resistance until this 256 level and then after that 286, but yeah, really really nice move off the lows for meta It's been acting really well this entire year As since last november really, but yeah big cap tech stocks have been rebounding really well Let's take a look at apple The apple is already almost It's pretty close to they're not that close, but yeah, it's not too far away from all-time highs Amazon still has a lot of work to do. Yeah, it's one of the weaker ones, but yeah, apple is very strong Meta is very strong. Take a look at microsoft next Microsoft is also pretty strong really nice weekly breakout for microsoft Really nice volume on the weekly too again This one had really nice earnings and it just ripped after that right next target should be 315, but Yeah, amazon really really nice breakout on the weekly and it looks really good here um, yeah clear skies ahead Next up we'll take a look at nvidia So nvidia has also been acting really well. It's been consolidating for one One two three four five six weeks now and it looks ready to take out this 280 level And this is going to be like a top An a plus setup when it breaks, right? This is a very clear Set up this is an a plus setup It's been building a really nice flag for the last couple weeks and it looks ready to go any day now So yeah, this is a top watch one Um, next up we'll take a look at uh google So google is also struggling a little bit, but it's actually been setting up really really nicely So there's a very nice flag forming here on the weekly chart And it looks ready to maybe another week of consolidation But once this 109 level gets taken out this one can absolutely rip Uh next target being 120 then after that it's just Yeah after that it's just really 145 and then back to all-time high. So yeah, this one looks really good too has a lot of potential So google and nvidia look the best for next week in terms of Their actual setup But other big cap tech names have been holding up stronger as well. So yeah, take a look at tesla So tesla hasn't been acting the greatest definitely not compared to the other big cap tech names, but Uh Tesla did have a nice breakout. I was forming a downtrend here and it took that out on friday. So that's good action So next level would next the resistance level is 167 If that gets taken out, then we can see it moved back to 186.5 But yeah, overall good action for now, but tesla is still definitely not the strongest names Compared to the other big cap tech names Um, but yeah, that's pretty much Good overview the big cap Oops Netflix is another one Netflix isn't doing too much here Uh, it does have a downtrend here that it broke recently, but this one's been more in chop than anything Um, yeah, not really no clear trade here. So yeah, I would stick to the other names that I mentioned earlier Um, now we can take a look at some individual names that have been setting up pretty well Actually before that we'll take a look at a kk growth names. So again, this one's just been in absolute chop, right? Absolutely nothing going on here and until we break either this 40.8 level Who's 34.4 level? There's no edge for either bulls or bears. So yeah, I would just avoid Uh, playing growth stocks for now and it's better to touch It's better to play these big cap tech names because they're the ones that have actually been moving and making moves Um We'll also take a look at tmg This is another name that's been making all-time highs. So this is yeah, really really good action Um, had a really nice, uh earnings beat on wednesday and From the nice flag and it took that out on friday and yeah, this one's just powering higher. So this one's really really good um Yeah, really not much else to say this one's hitting all-time highs while the market's still consolidating. So Um, you're not consolidating. It's been acting better. But yeah, this one's already back at all-time highs So this is definitely a stock that you want to be paying attention to Um, next up, we'll take a look at Duolingo Duolingo has also been acting well didn't have the greatest week had a red week, but It is still forming a very nice bull flag here. And that's something that you want to be paying attention to Okay, this one had really nice volume on earnings had a really nice move up now It's forming a very clean bull flag and it looks ready to take um Out resist this resistance level or when it does take out this resistance level. It's a very clear buy So definitely keeping this one on watch We'll take a look at elf. This one's also been acting really really well Um, yeah, this one had so many green days in a row and it's finally pulling back now. So Um, yeah, let's see if it forms some sort of setup More consolidation would be better. But um Yeah, we'll see how this one does this one has been acting extremely strong So any any chance to buy this on a pullback So if this comes back to this lower trend line year, it could be a good buy for sure This one's like yeah extremely extremely strong. So definitely want to keep an eye on Next up on on this one's also been acting well, uh, let me remove these lines Yeah, this one's again acting really really well had a really nice, uh Made a really nice move from earnings and then now it's uh, it was consolidating and then in break finally broke out last week And now it's consolidating again Building a little bull flag here. So if this trend line gets taken out, then it's a very clear buy signal Um, let's take a look at the weekly chart Yeah, this looks really good. It already cleared major resistance level here Now it's just uh, yeah getting ready for another leg up. This one looks really good And last but not least, uh, we'll take a look at shockwave. This one's been acting really well on the daily Really really nice, uh tight bull flag forming So, yeah, we'll see if this one can take out this bull flag and make another leg up higher Really nice volume on this day. And yeah, this one overall looks uh pretty good And uh, yeah, if we can take out this bull flag, there's a good chance that we can revisit Um all-time highs again. So major resistance here that gets taken out then yeah, we're back on track to all-time highs But um, yeah, that's pretty much what I got for you guys for this week. Um, yeah, thank you guys for tuning in Appreciate it